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SoftBank Invested $3 Billion In India In 2021, planning for $10 billion in 2022

Some earlier investments of SoftBank include PayTM and Oyo rooms. Both these companies have filed their IPOs.

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The Japanese conglomerate- SoftBank group deployed $3 billion funds in Indian companies this year. According to CEO- Rajeev Mishra, the company can invest between 5-10 billion during the next year and that the company will further eye the right valuations. 

He believes that there is an amazing turnaround in the amounts invested in India as compared to a few years back and tech IPOs, particularly have a brimming demand.

Mishra further commented that Fintech companies will be the major focus of SoftBank investments in the coming years. Innovation in the financial sector is the key to making India a $5 trillion economy, he said in a virtual conference held at Bloomberg.

Some earlier investments of SoftBank include PayTM and Oyo rooms. Both these companies have filed their IPOs. Along with this, SoftBank has backed the e-commerce chain Flipkart and Ola. Flipkart sold a majority of its stake to Walmart in 2018 and SoftBank has deployed more capital since then after the initial acquittal during the acquisition by Walmart. Ola is also looking to expand to public markets. 

He further said that the company has slowed its investments in China, but will increase in the future as they believe that the Asian economy is a prominent AI market in the world. 

This is an aggressive move by one of the top investment firms in a South Asian nation. Many investors such as SoftBank, Sequoia Capital, Falcon Edge Capital, and Tiger Global have desperately competed despite record jumps in valuation which has led to massive dead flow activities. They have employed billions of dollars in the Indian subcontinent in the last decade.

Tiger Global has also invested heavily in India and considers India to be a top priority for funding. The company has invested in over twenty startups in India, many of which are in their nascent stages.

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