Japanese SoftBank Group's $100 Bn fund, SoftBank Vision Fund (SVF), may invest another $2-4 billion in India over the next two years, reported The Economic Times citing Rajeev Misra, director and executive vice president at SoftBank Group Corp who heads the SoftBank Vision Fund.

SVF, which is the largest pool of private capital globally, is looking to back Indian startups working in sectors such as financial services. The investment planned will be both new as well as follow-on investments in its portfolio firms, which require capital.

According to SVF head, "Financial services is broken in India, and it can be the biggest multiplier of growth. This is a great opportunity that we would look at here,” he said to Economic Times.

He however didn't commented on the reports suggesting that Softbank is investing $1 billion In Piramal's Financial Services to create a 'Big' FinTech Platform in India.

Besides, Softbank group will also help bring more than 20 of its portfolio companies to India by making joint venture (JV) partnerships with local firms.

In its no risk strategy, Softbank's potential JV partners will provide management, staffing and help Softbank's portfolio firms handle the regulatory issues and customise to the Indian market.

"These products have no competitors here. This is equally an opportunity to create jobs here," said Misra on striking local partnerships with local businesses.

Since May, SVF led the $152 million Series F funding of Policybazaar Group, the parent of online portals - PolicyBazaar and PaisaBazaar. This was followed by leading $200 million funding of Grofers, pushing the Gurgaon-based online grocer's valuation to almost $1 billion.

In this month, Ola Electric, the electric mobility arm of Ola, had secured a funding of over Rs 1,725 crore (~ US$250 million) from SoftBank, who is is also the single largest investor in Ola.

In May, www.indianweb2.com reported that Deepcore, the AI-focused incubator and subsidiary of SoftBank Group, is planning to raise more than $55 million for its second artificial intelligence (AI) investment fund dedicated to promising startups in artificial intelligence.

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