So, when Vision Fund became active in 2017, SoftBank wanted to back the market leaders in two key segments of the Indian internet economy — Flipkart in online retail and Paytm in mobile payments.

Investment pace is expected to halve and Vision Fund 2 is likely to be half the size of $108 billion that was announced earlier.

In November, SoftBank’s Son said the key criteria for bets would now be the ability to generate free cash flows.

“I want to make it clear... firms that accept SoftBank’s investments must be self-sustaining.

“SoftBank has left a hole in the market in terms of how companies are built. | To read full story, visit https://startuparound.com/read/1578205808.2178814/What-SoftBank’s-new-vision-means-for-Indian-industry?ref=audio_experience