Startups look beyond SoftBank to pension funds for big cheques
Pension and sovereign wealth funds are loaded with money, risk appetite and a willingness to wait for long
While SoftBank is still dominant, the late-stage funding market no longer seems to be its domain
Mumbai: Bulge-bracket venture capital funds such as SoftBank used to lord over the funding landscape for late-stage startups in India. Now, pension and sovereign wealth funds are moving in, loaded with money, risk appetite and willingness to wait for long.