Two deals that could turn the fortunes of India’s venture capital industry

SoftBank
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File photo

Before this year is through, two imminent deals will determine how the fortunes of India’s venture capital (VC) industry play out in the upcoming year. Japan’s SoftBank Group Corp. holds the strings to both deals. The first is a secondary transaction that will see SoftBank buy shares in Bengaluru-based e-commerce company Flipkart from its largest investor Tiger Global Management, among others. The second deal is still a work-in-progress all the way on the other side of the world. A consortium of investors led by SoftBank has made an offer to buy a stake in San Francisco-based ride hailing company Uber Technologies Inc. In India, Uber competes with Ola, owned by Bengaluru-based ANI Technologies Pvt. Ltd, which counts SoftBank as its largest investor.

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