Missed many unicorns as we were tourist investors: Softbank - ET Retail
20 Feb 2019 9:27 PM GMT
SoftBank executive VP Rajeev Misra says India office will help spot companies early.
- SoftBank ’s Vision Fund, having opened an office in Mumbai, wants to manage companies in its India portfolio closely and get a slice of fast-growing domestic startups at lower valuations.
- Rajeev Misra , director and executive vice-president at SoftBank Group, said the Vision Fund would have liked to back companies in the food delivery sector and others like Freshworks, but the valuations were too steep by the time they came on to the fund’s radar.
- Vision Fund expects a bunch of its portfolio companies, including a few from India, to tap the public markets by the end of next year, said Misra, who manages the $100-billion fund.
- With Indian companies going global and other portfolio firms like We-Work, they are becoming a vehicle to create local jobs and a catalyst for economic growth in the Saudi region,” said Misra.
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