Fallout of Softbank’s big reality check9 min read 14 Nov 2019, 10:18 PM IST
The Japanese giant’s woes will have an impact on the global startup ecosystem. We take a look at its India portfolio
SoftBank is a large investor in 9 unicorns—out of 20 firms that became unicorns in the past 5 years — with its most valuable holdings being Oyo, Ola, Paytm. But investments have slowed
BENGALURU : Late last year, several senior executives in India’s startup ecosystem were approached by Japanese conglomerate SoftBank Corp. The company had launched its gigantic $100 billion Vision Fund in 2017 and had identified India as one if its main markets. It was seeking to hire accomplished leaders in financial services, retail, consumer brands and transportation who could help Paytm, Oyo, Grofers and the fund’s portfolio firms in expanding their business and moving towards profitability.
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