SoftBank mega plan: Raise $100 Bn every 2-3 years and deploy $50 Bn in startups yearly

Softbank

SoftBank Vision Fund’s size has been expanding. The fund size, which was limited to $100 billion, has now further increased.

SoftBank Vision Fund Chief Executive Masayoshi Son now plans to create a new $100 billion fund every two to three years and spend $50 billion annually. Within 10 years, he plans to invest in more than 1,000 companies.

The Japanese conglomerate disclosed in February that its giant investing fund had already invested just under 40 percent of its pool of cash.

The Vision Fund and its companion, the $6 billion Delta Fund, invested $27.5 billion through the end of last year. When you add up the $7.7 billion investment in Uber and $4.6 billion in Didi earlier this year, the funds have spent $40 billion of their eventual $106 billion pool.

Besides, SoftBank Vision Fund has been closely watching the Indian ecosystem as well.

After investing over $8 billion in India since 2011, especially in e-commerce and ride-hailing segments, Japanese conglomerate SoftBank plans to once again raid the market with a newly-launched $100 billion size SoftBank Vision Fund.

Early this week, the Japanese conglomerate led an investment of $1 billion in hotel chain Oyo Rooms.

This was second largest investment by SoftBank Vision Fund in India in a span of two years. In August, it made an investment of $2.5 billion in Flipkart, India’s largest online commerce company.

The Japanese conglomerate is also eyeing foodtech space with a great interest and may make investments in Zomato via its Vision Fund.

Apart from startup investment, SoftBank Vision Fund is also investing in clean energy in India. Currently, SoftBank’s investments in the Indian energy sector are routes through its vehicle called SB Energy. It’s a three-way joint venture of the Japanese major, Sunil Mittal’s Bharti Enterprises, and Foxconn Technology Group.

In 2015, it announced to invest around $20 billion in such projects in India and develop at least 20 gigawatts (GW) capacity of the solar project.

The development was first reported by Bloomberg.

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