Varma is one of SoftBank's biggest players in the fintech business and another major figure in the vision fund who worked for Deutsche Bank.
Originally from India, Varma took an MBA from Cornell University in 1997 and then worked at Nomura and Deutsche Bank, rising to head of global markets for India at the latter. He joined SoftBank in 2017.
Varma worked on the $440 million funding deal for British fintech OakNorth earlier this year, which gave the company a $2.8 billion valuation.
"We look for businesses that are addressing very significant pain points ... addressing markets that are massive, with a product that clearly satisfies their needs," Varma said at a fintech conference in London onstage with OakNorth in April.
Varma is also responsible for companies including Delhivery, FirstCry, Oyo, Paytm, and Policy Bazaar.