#Fundlaunch is your quick dose of notable startup fund launches. Investment firms covered in this segment include Softbank and Mogae Media.
Softback’s Investments in India to Surpass $10B in Indian Startups Over 5-10 Years
Japan based telecom and Internet company Softbank finds Indian startup ecosystem a viable market for investments, as it announces that its investment in Indian startups might exceed $10 billion in the next 5-10 years. The firm holds a few India based companies like Snapdeal, Ola Cabs and InMobi in its portfolio.
Masayoshi Son, CEO, Softbank has shared plans to further invest $350 million in India’s solar energy projects. SoftBank also has a joint venture with the Bharti Group in India, under the name Bharti SoftBank. Son says “India’s market is poised for massive growth, making it an important destination for investors.” Read More
Mogae Media Raises $15M To Fund Acquisition of Digital Startups
Started by Sandeep and Tanya Goyal, mobile marketing services company Mogae Media, has raised a $15 million fund. The fund would be used to acquire digital startups that have succeeded in building a recognised brand, but struggle to raise funds for scale.
Chairman Sandeep Goyal aims to make late-stage investments in the digital media and mobile sectors. “Analytics, mobile ad serving platforms, programmatic buying on the mobile, mobile fulfillment and mobile targeting are areas that Mogae Media is keenly focused on. Any acquisitions or investments in this space are of interest to us immediately.” says Sandeep. Read More