Chairman Manoj Kohli, Appointed As New Country Head Of Softbank India
India has been a key market for SoftBank Vision Funds over the years, when making investments. SoftBank has invested over 10 Billion USD in top Indian start-ups such as OYO, Paytm, OLA among many others. Now, SoftBank has further strengthened its position in its Indian office by appointing Energy Chairman Manoj Kohli as the
new Country Head, the group said in an official statement on Wednesday.
Kohli joins former Google India Interim Head Vikas Agnihotri, who will be the First Operating Partner at the Vision Funds and Sumer Juneja, who leads SoftBank’s Vision Advisors (The main arm that runs the Vision Funds). On the other hand, Ramman Nanda has been appointed as the new SB Energy Chairman.
Kohli will not only be responsible for supporting SoftBank Vision Fund and their portfolio companies in India, but also is given the responsibility of looking after government relations and public policy efforts. Kohli will be closely working with SoftBank’s portfolio company’s founders and CEO’S to address government and policy issues and secure approval in order to run their businesses smoothly and achieve their full business potential.
SoftBank is famous for putting billions of dollars as investments in young Indian entrepreneurs, who are leaders in their respective domains. SoftBank has stakes in Pay Tm and OYO, and last year even Swiggy received its due share of investment from SoftBank. SoftBank is currently in the midst of raising funds for its second Vision Funds, which estimated to be around 108 Billion USD, to back technology entrepreneurs in India.