According to two sources who spoke to Reuters, one of the Japanese investor’s smaller bets in India by its Vision Fund, which typically signs bigger checks, is in talks to invest $35 million in Indian vehicle servicing and repair startup GoMechanic.

Data from Venture Intelligence show that SoftBank has long been a significant investor in Indian companies, having gained close to $4 billion in a single year. Among its well-known investments are Unacademy, an online education provider, and Paytm, a provider of mobile payments.

However, following a global IT downturn, officials in the investment sector claim that SoftBank has started to approach its investments with more care.

SoftBank CEO Masayoshi Son announced last month that the business would invest much less this year than in 2021, following a record $26.2 billion quarterly loss at its Vision Fund due to falling industry values.

Two persons who asked to remain anonymous since the negotiations are private said that early-stage talks between Vision Fund and GoMechanic are taking place at a valuation of $600-700 million. Tiger Global, a current investor, and the Malaysian sovereign fund Khazanah want to contribute to the $100 million investment round.SoftBank CEO Masayoshi Son announced last month that the business would invest much less this year than in 2021, following a record $26.2 billion quarterly loss at its Vision Fund due to falling industry values.

Two persons who asked to remain anonymous since the negotiations are private said that early-stage talks between Vision Fund and GoMechanic are taking place at a valuation of $600-700 million. Tiger Global, a current investor, and the Malaysian sovereign fund Khazanah want to contribute to the $100 million investment round.

SoftBank CEO Masayoshi Son announced last month that the business would invest much less this year than in 2021, following a record $26.2 billion quarterly loss at its Vision Fund due to falling industry values.

Two persons who asked to remain anonymous since the negotiations are private said that early-stage talks between Vision Fund and GoMechanic are taking place at a valuation of $600-700 million. Tiger Global, a current investor, and the Malaysian sovereign fund Khazanah want to contribute to the $100 million investment round.