SoftBank Investment Advisers has further strengthened its position in India. SoftBank has announced that it would set up an office in the country. The company has also appointed a country head, Sumer Juneja, who will be leading SoftBank's investments in India.
Sumer Juneja has been a partner at Norwest Venture Partners for nine years and is also a board member of Swiggy. Apart from Swiggy, Juneja has been involved in investments at Quikr, YES BANK, IndusInd Bank, Cholamandalam Finance, Kotak Mahindra Bank and National Stock Exchange.
Before joining Norwest Venture Partners India in 2009, Sumer was a founding member of the Goldman Sachs' Asian Special Situations Group in India, a balance sheet investing group with over 4 billion USD (Rs 28,000 crore) under management.
SoftBank's huge investment portfolio worth 8 billion USD (Rs 56,000 crore) in India hints at the growing optimism in the digital space in the country. India is the second largest e-commerce market with 46 crore Internet users and SoftBank has been active in capturing the market with its acquisitions and investments.
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