1. India’s the most successful IPO market globally, has helped it become a top performer in the SoftBank ecosystem.
2. Not right to say there is pressure to exit in India cos global portfolio is under stress.
3. Late-stage funding rounds feeling the heat from a buoyant IPO market.
4. Will invest in AI infrastructure and data centres businesses in India.
5. Confirmed writing a $500 million cheque in OpenAI.
6. Will write smaller cheques from SVF-II which is funded fully by SoftBank’s balance sheet compared to SVF-I which had limited partners mostly from the Middle East.
7. Combined deployment from SVF-I and II at around $166 billion.
8. Not betting against China, have big positions in companies like ByteDance and supportive of it
9. China money has not necessarily gotten diverted to India, at least not anything significant, maybe in small pockets
This post was originally shared by Samidha Sharma on Linkedin.