New Delhi: Japanese investor SoftBank’s funding within the Indian startup ecosystem has risen to $15 billion. Earlier it was $14 billion until February. Because of this the funding has elevated by $1 billion inside about 6 months. E-commerce big Flipkart is one in every of its prime 31 most precious firms.
SoftBank’s funding in Indian firms
The SoftBank investor utterly exited PhonePe in addition to Zomato and PolicyBazaar over the last 12 months, which was a part of the dividend fee from the Flipkart funding. Each Imaginative and prescient Funds have invested $11 billion in Indian firms since November 2018 and had already withdrawn $6.2-6.5 billion value of funds as of early January this 12 months.
In response to the most recent report of the Japanese tech group, SoftBank’s Imaginative and prescient Fund 1 has reported a gross lack of $544 million on its $1.6 billion funding in fintech firm Paytm. This disclosure comes after SoftBank utterly exited its holding in Paytm in the course of the June quarter.
