Telecom and media conglomerate SoftBank’s venture capital arm, which had recently launched a $500-million fund, is scouting for early-stage investments in Asia, with India as a major focus, two people familiar with the matter said.
The South Korea-based SoftBank Ventures Asia will look to sign cheques worth $10-20 million in the consumer internet space, with a special interest in healthcare, fintech and artificial intelligence, said the first of the two persons cited above. Both of whom spoke under condition of anonymity.
