fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Non Banking Funds

Resilient Indian markets lead to investment funds of $2 billion from SoftBank Vision Fund.

SoftBank Vision Fund gained historical profits in FY21 of $46 billion, leading to investments up to $30 billion for this year.

The Global Economics by The Global Economics
June 5, 2021
in Funds, Startups, Top Stories
Reading Time: 2 mins read
0
SoftBank’s Latin American fund dedicates an initial USD 3 billion offer to tech companies

SoftBank’s Latin American fund dedicates an initial USD 3 billion offer to tech companies

782
SHARES
4.3k
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Indian businesses had a poised investment flow from the beginning of the year. With $2 billion investments, SoftBank Vision Fund has been a pillar of support to many existing and new companies in India.  The company said that it would back companies with growth and vision that adapt the digital transformation.

On the global end, the vision fund invested 15-18 billion, and Indian companies have bagged 15 to 20% of that value. The recent investments have been Meesho with $300 million and $250 million investments in Zeta and $450 million investment in Swiggy. The software-as-a-service (SaaS)-based digital adoption startup Whatfix, and OfBusiness, a business-to-business e-commerce platform, received $100-150 million.

The Vision fund backed the companies due to growth seen in a technology-led rally in the US public markets, and the fourth quarter ended March 31, 2021, $46 billion profit. SoftBank is listed as the largest technology investor in the world, with historical profits in FY21. It outperformed by crossing the Japanese companies and stood as the third-largest profit declared last year in the world.

The portfolio companies like DoorDash Inc- a US-based food delivery app, South Korea’s Coupang, and second-hand car trading platform Auto1 Group had successful IPOs leading to tremendous gains.

Delhivery, Policybazaar, and Paytm will go public by the end of this year or the first quarter of 2022.

The bank invests in innovative vision and technology for a more extended period, like Paytm. The US markets have seen higher volumes of SPACs—or special purpose acquisition companies. SoftBank made purposeful derivation from these vehicles to opt for successful mergers.  Although some companies like the Indian grocery retailer Grofers and logistics tech platform Delhivery ventured the SPAC deals, they didn’t materialize.

Misra said the global stock markets would fluctuate shortly, but the technology investments in the private market will perform strongly due to the high liquidity. And concerning the Indian public markets, it has been resilient.

The bank invested in 95 companies in the second Vision Fund, which outpaced the 92 companies from the $100 billion Vision Fund 1 launched in 2017. Bengaluru-based ed-tech startup Unacademy and omnichannel eyewear brand Lenskart are part of India’s Vision Fund 2 portfolio. Additionally, SoftBank Vision Fund 2 proposed investment in Flipkart of a $1.2-1.5 billion round that will appraise the company’s valuation to $28 billion.

SoftBank Vision Fund CEO Rajeev Misra said, “we will continue to invest if we find the right opportunities. We anticipate investing a similar size in the remainder of this year.”

Tags: dehliveryIndia Digital Transformationindian businessipomeeshoPolicyBazaarprivate equityrajeev misrasoftbank visionsouth koreaswiggyventure capital
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Meta shares increase the most since 2013 and earns $40 billion in share buybacks
Finance

Meta shares increase the most since 2013 and earns $40 billion in share buybacks

by Riya Thomas
February 3, 2023
Bank of England plans for its 10th successive interest-rate hike, stiffens for shallow recession
Funds

Bank of England plans for its 10th successive interest-rate hike, stiffens for shallow recession

by Riya Thomas
February 2, 2023
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit
Ultility

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

by Riya Thomas
February 1, 2023
Adani Group shares plunged, resulting in the erasure of $72 billion after three-day selloffs
Funds

72 Billion Wiped Out: Adani Group Shares Plunge After Three-Day Selloffs

by Riya Thomas
January 30, 2023
Baidu, the Chinese search giant all set to launch a ChatGPT-style bot in March 2023
Technology

Baidu, the Chinese search giant all set to launch a ChatGPT-style bot in March 2023

by Riya Thomas
January 30, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Swappable Batteries of Electric Scooter

Can Swappable Batteries For EVs Work? Singapore’s Mo Batteries Is Hopeful

February 6, 2023
Meta shares increase the most since 2013 and earns $40 billion in share buybacks

Meta shares increase the most since 2013 and earns $40 billion in share buybacks

February 3, 2023
Subway

Sandwich Chain, Subway’s Business Becomes Tastier As Sales Climb

February 3, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, delivered right into your email inbox.

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version