NIFTY 50

Japan's Softbank earmarks $20 billion for India from its $100 billion Vision Fund

Updated : May 07, 2019 10:02 PM IST

The SoftBank Vision Fund, the worlds largest technology-focused fund, which is worth $100 billion, is planning to earmark $20 billion for India, sources privy to the developments told CNBC-TV18.

The Japanese multinational is likely to invest this amount over a period of five to seven years, said people familiar with the matter.

The fund was set up in 2017 and has become the world's largest technology investment fund. Its investments include ride-hailing pioneer Uber, chip designer ARM and shared workspace firm WeWork.

The SoftBank Group had committed investment to the tune of $10 billion to invest in new areas like solar and technology-led businesses. The Group also has investments in Ola, Hike and Grofers.

Softbank was unavailable for comment for this story.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV