India: Will Softbank turn off the funding tap?

Nikesh Arora isn’t a popular guy. At least not within a sizeable section of India’s venture capital community. Still, his sudden exit from SoftBank Group Corp., where he was until recently heir apparent to founder and CEO Masayoshi Son, has triggered some anxiety. Chiefly because local venture capitalists had hoped, despite their reservations about Arora, that SoftBank would play an important role in plugging the critical need for growth capital in the country’s technology start-up market.