SoftBank plans to invest $2-4 billion in India over the next two years
SoftBank, which plans to invest $2-4 billion in India over the next two years, has been in talks with the Piramal group to back its financial services arm. Source: ET TIMES SoftBank Vision Fund (SVF) is expanding its India team, as the Japanese heavyweight investor looks to add a dozen executives in the next few months, primarily for its new operating team. SoftBank, which opened an outpost in Mumbai recently, will hire at least six operating partners who will not only spot opportunities for prospective investments, but also help portfolio companies scale up globally and leverage from the group’s overall ecosystem. “We want to make the ecosystem connections through this team. Young entrepreneurs could benefit from added management bandwidth in order to scale faster, tap international markets, and roll out adjacent products,” Munish Varma, managing partner, SoftBank Investment Advisers, told ET. Last year, SoftBank roped in Sumer Juneja from Norwest Venture Partners to head
