Prep for funding winter: SoftBank warns its portfolio firms of cost cutting

Japanese tech investor asks portfolio firms to conserve cash reserves for 12-24 months

After a recent fall in profit, Masayoshi Son of SoftBank announced that the Japanese tech investor will look at dramatic cost-cutting. Before he does that, investments in India for calendar year 2022 (CY22) will fall radically, observed sources in the know.

Last year, the company had invested around $3.2-3.5 billion in the Indian start-up ecosystem — almost 10 per cent of the total investment the sector received. For CY22, the investments may not even touch $1 billion. 

“So far, SoftBank has invested around $450-500 million. It is looking at a few more that may take its overall investment in India