SoftBank India Appoints Sarthak Misra as Partner

SUMMARY

In conclusion, Sarthak Misra's elevation to partner at SoftBank India represents a testament to the company's commitment to fostering talent and driving innovation in India's dynamic startup ecosystem. As SoftBank resumes its investment activities, the stage is set for a new chapter of growth and opportunity, reaffirming India's position as a global hub for entrepreneurship and innovation.

SoftBank India has recently promoted Sarthak Misra, former investment director, to the esteemed position of partner. This significant development underscores SoftBank's commitment to nurturing talent within its ranks and signifies a pivotal moment in India's startup investment landscape.

In his new role, Misra will continue to leverage his extensive experience and expertise to drive strategic investments and foster growth opportunities for SoftBank's portfolio companies. With board positions in prominent startups like Meesho and OfBusiness, and close involvement with Swiggy and Lenskart, Misra has been instrumental in shaping the success stories of these innovative ventures.

SoftBank's decision to elevate Misra comes at a crucial juncture as the investment giant gears up to rekindle its investment activities in the Indian startup ecosystem. After a hiatus of nearly 18 months, SoftBank is poised to resume signing deals with Indian startups, signaling renewed confidence in the market's potential for growth and innovation.

Under the leadership of Sumer Juneja, SoftBank's Managing Partner for India & EMEA, Misra and his team are poised to drive forward the vision of SoftBank in India. Juneja, with over five years of experience leading SoftBank's India investment team, brings invaluable insights and strategic direction to the table.

As SoftBank prepares to reignite its investment engine, the fair value of its investment portfolio in India stands at an impressive $14 billion across Vision Fund I and II. This remarkable growth reflects the resilience and potential of India's startup ecosystem, positioning SoftBank as a key player in fueling innovation and driving economic growth.

Moreover, SoftBank's recent financial performance underscores its robust position in the market. With a net profit of over $6 billion in the last quarter of 2023, SoftBank's profitability marks a significant milestone after five consecutive quarters. This success is attributed to a stock rally in listed firms from Vision Fund I, further reinforcing SoftBank's strategic investments and prudent portfolio management.