If you could think of only one word to describe SoftBank’s Vision Fund, it would be this. At $93 billion, the Vision Fund is by far the largest VC fund ever in history. And like the legendary sea monster of yore, with its immense size and power, it is threatening to upend every aspect of startup investing all over the globe. But particularly so in India.
Masayoshi Son, the charismatic CEO and Founder of SoftBank, has earmarked a whopping $10 billion to invest in India. SoftBank has already invested $4 billion in companies like Flipkart and Paytm* and is said to be doubling down on Ola by buying out Tiger Global’s stake in the company, just as it did so in Flipkart earlier.