The corporate plans to begin talking to prospective investors next month for a fund that will invest half its capital in India.
Telecommunications and internet group SoftBank intends to launch a $5bn Asia fund that will direct half its capital to India-based startups, CNBC-TV18 reported on Friday, citing multiple people familiar with the matter.
Japan-headquartered SoftBank could begin holding roadshows for the as-yet unnamed fund as soon as next month according to one source, and should those go well it will aim to launch it in the first quarter of 2019.
A different source told CNBC-TV18: “The fund will have a 50%…
