SoftBank Group Corp plans to Make a Fresh $100 billion (Approximately Rs. 7.25 lakh crores) fund Each two to three Decades and Pay $50 billion (roughly Rs. 3.6 lakh crores) Yearly, its Chief Executive Masayoshi Son told Bloomberg Businessweek in an interview published on Thursday.
Son has brought more than $93 billion to his own Vision Fund technology investment car, also has flagged his intention to raise further funding.
The remarks reflect Son’s dealmaking ambitions which have shaken up the world of venture capital investment as he seems to quicken his vision of a future driven by artificial intelligence.
SoftBank didn’t immediately comment.
The Vision Fund’s largest investments thus far are in businesses such as ride-hailing firm Uber Technologies Inc and also shared-office space company WeWork.
Son’s remarks on the speed of this raising of new capital echo similar comments that he made to the Nikkei company every year.
Within a decade, over 1,000 companies will likely have obtained investments, he advised Nikkei.