‘I'm going to help all these guys’: Nikesh Arora on SoftBank’s India investments
Advertisement
In his first interview to the Indian media post his exit, Nikesh Arora , the former second-in-command at SoftBank and successor-in-waiting to founder Masayoshi Son told Times of India in a recent interview that he’s going to keep in touch with startup founders in India.
“I spoke to Kunal (Bahl ofSnapdeal ) this morning. I'm going to help all these guys”, Arora was quoted as saying. When asked about SoftBank’s India investments, Arora argues against the perception that his company was spraying money into the Indian market.
Arora said most of their investment in Snapdeal was at $1.2-billion valuation, and calls Housing's $100-million cheque a ‘poor judgment’ on their part. “But every investor makes such calls. We are not the only investor in Housing. There are people who have invested at $15-billion valuation inFlipkart and now they are trying to raise money at $10 billion. They should be in the same boat as me”, Arora argues.
While remarking that he ‘really likes’ Oyo, and thinks Grofers has an ‘interesting model’, Arora said India will never be a winner-takes-all market, either in e-commerce or in ride-hailing.
When asked about the current scenario with Indian startups, Arora says the ecosystem has gone ahead of itself and he doesn’t see a lot of upcoming companies that will get funded for $100 million, adding promptly that the team will still ‘keep an eye out’ for any opportunities.
Image Source
Advertisement
“I spoke to Kunal (Bahl of
Arora said most of their investment in Snapdeal was at $1.2-billion valuation, and calls Housing's $100-million cheque a ‘poor judgment’ on their part. “But every investor makes such calls. We are not the only investor in Housing. There are people who have invested at $15-billion valuation in
While remarking that he ‘really likes’ Oyo, and thinks Grofers has an ‘interesting model’, Arora said India will never be a winner-takes-all market, either in e-commerce or in ride-hailing.
When asked about the current scenario with Indian startups, Arora says the ecosystem has gone ahead of itself and he doesn’t see a lot of upcoming companies that will get funded for $100 million, adding promptly that the team will still ‘keep an eye out’ for any opportunities.
Advertisement
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- Unemployment among Indian youth is high, but it is transient: RBI MPC member
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market