SoftBank can invest $5 bn-$10 bn in Indian startups in 2022: Rajeev Misra

SoftBank Group Corp. can invest $5 billion to $10 billion in India next year if it finds valuations attractive, said Rajeev Misra, chief executive officer of SoftBank Investment Advisers.

“If we find the right companies, we could invest $5 billion to $10 billion in 2022,” Misra said on Thursday at the Bloomberg India Economic Forum. “If we find the right opportunities at the right valuation.”

So far, investments in India haven’t disappointed the Japanese giant with its portfolio of startups in the country sitting atop sizable gains in valuations. SoftBank is planning to raise the stakes in India — having invested $3 billion in 2021 — just as global firms grow more wary of bets in China with tighter regulations across a number of industries hurting deals there.