SoftBank Expects Bumper Gains from Indian Tech Startups: BS

(AF) SoftBank has been hit by Beijing’s tightening control on technology companies like Alibaba, TikTok and Didi – in which it has substantial stakes – but the Japanese investment powerhouse is expecting a bonanza from its $4.7 billion investments in seven Indian start-ups that are planning IPOs in the next two years, Business Standard reports.

The technology-enabled startups include Paytm, InMobi, online hotel chain Oyo, Delhivery, plus Ola, Swiggy and Policy Bazaar, all of which are going for an IPO in the next 12-24 months, the newspaper said. Full story: Business Standard

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Indrajit Basu

Indrajit Basu is an India-based correspondent for Asia Financial and wears two hats: journalist and researcher (equity). Before joining AF he reported on business, finance, technology, wealth management, and current affairs for China Daily, SCMP, UPI, India Today Group, Indian Express Group, and many more. He is also an award-winning researcher. If he didn't have to pay bills, he would be a wanderer.