SoftBank plans to bring in 10 of the 34 companies it has invested from the Vision Fund in the last one year

SoftBank’s Founder and CEO Masayoshi Son is on a three-day trip to India, where he is meeting Prime Minister Narendra Modi, among other key people. SoftBank, which has a significant stake in Indian startup market, having invested over US$7 billion in companies like Flipkart, Ola and Oyo, is confident about his portfolio firms.

During the visit, Son made some key statements during a media interaction. Here are the four key statements:

1- SoftBank will overachieve its US$10 billion India investment target

The Japanese internet conglomerate will overachieve on its commitment to invest US$10 billion in 10 years in India, much ahead of time and at a much bigger scale than it had anticipated, he said in an interview to ETtech. He added that when he met Modi for the first time, he made a commitment that SoftBank would invest US$10 billion in India. “Some of our guys said don’t give too (high a) number which we may not able to achieve. But we have invested over US$7 billion in four years,” he stated.

Also Read: We finally have an idea of the Masayoshi Son investment strategy

2- SoftBank will bring its overseas companies to India

While SoftBank is seeing opportunities for firms like Oyo to go overseas and become global leaders, it will also bring some of its its overseas portfolio companies to the country. SoftBank plans to bring in 10 of the 34 companies it has invested from the Vision Fund in the last one year.

3- Young Indian entrepreneurs are creating very unique models that can scale worldwide

There are many business models created in the US, China, and Japan, but not much in India in the past. But young entrepreneurs in the country are creating very unique models that can scale worldwide, which is exciting

4- Ease of doing business in India has improved

Since it started investing, India has evolved very quickly. Having said that, there are still quite a few challenges in the economy for his portfolio companies to achieve full scale. He believes internet connectivity and logistics for e-commerce could be better.

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