Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

SoftBank looking to pump $15B more into its massive Vision Fund

To add to the massive tech fund, SoftBank is looking at various ways, per reports, including a fundraise and bank loan. But a concrete plan it yet to be revealed.

SoftBank looking to pump $15B more into its massive Vision Fund

Thursday April 04, 2019 , 2 min Read

Japanese conglomerate Softbank is said to be looking at pumping more funds into its $100 billion Vision Fund, a subsidiary of SoftBank, which has been instrumental in backing technology startups around the world. The news surfaced on Thursday, as sources aware of the discussions said that talks are on with the investors to add $15 billion more to the already huge fund.



ALSO READ: Kirthiga Reddy becomes first female venture partner at SoftBank, to join $100 bn Vision Fund team



“SoftBank wants to keep up its deal spree,” media reports suggested. But at the same time, the investment giant would want to have enough assets “in reserve to continue buying shares in companies it currently backs.”


Although a concrete plan is yet to shape up, the buzz is that SoftBank is looking at various ways to add to its huge tech fund. It could do so by either raising more capital from the investors, seeking for more bank loans, or by getting their Saudi investors to waive their rights to debt repayment. However, there is no official confirmation from Vision Fund or Saudi Arabia’s Public Investment Fund at the moment, and a potential fundraising terms are yet to be finalised, per reports that quote people familiar with the situation.


First announced in October 2016, the SoftBank Vision Fund has since played a key role in shaping up the tech startup ecosystem, across the globe as well as in India. In the domestic startup ecosystem, the company has so far made some key investments in companies including ride-hailing aggregator Ola, the hotel brand platform OYO, and fintech giant Paytm. The Japanese conglomerate had also invested in Flipkart.


In December last year, the Japanese internet conglomerate roped in former Facebook India MD Kirthiga Reddy to join the team that manages SoftBank’s Vision Fund, making her the first female venture partner at SoftBank.


Prior to that, the company had appointed Sumer Juneja, previously a partner at Norwest Venture Partners, to head its India operations. 


Also Read: Sumer Juneja of Norwest set to head SoftBank's India investments