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The fundraising has increased OneIM’s corpus to $8 billion, the people said, asking not to be named as the information is not public.
SoftBank’s prolonged absence and Tiger Global's significant deceleration underscores the cautious approach of investors towards India's startup ecosystem. The two are among the country’s largest global investors, having infused more than $18 billion in the past nine years.
Misra’s comments on overestimation of the Indian market echo those of Nithin Kamath, co-founder, and CEO of India’s largest stock broking platform Zerodha. Last week, on Twitter, Kamath, whose Zerodha has not raised a single dollar from external investors to date, blamed the VC (venture capital) ecosystem, along with startup founders, for overestimating the Indian market
Last week, Shapoorji Pallonji raised Rs 14,300 or close to $2 billion from private credit investors and high networth individuals, pledging its Tata Sons shares at collateral
Misra’s new fund One Investment Management has raised $7 billion in the first close and made an early investment in Shapoorji Pallonji through high-yielding debt
SoftBank’s Vision Fund investment unit, through which the Japanese conglomerate invests in companies, posted a net loss of as much as $17 billion hitting the companies profits for the quarter ended June
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Misra will keep role with first $100 billion Vision Fund. Decision to step back completes hollowing out of senior ranks
Misra's move to step away from main roles at SoftBank comes six months after the Japanese conglomerate's chief operating officer Marcelo Claure resigned due to disputes over compensation. More importantly, it comes at a time when many of the Japanese investment conglomerate's bets turned sour with technology valuations plunging across the globe over the last six months.
A number of SoftBank-backed Indian startups are expected to list soon. It started with insurance firm Policybazaar, and followed with Paytm
