SoftBank has seen gains from successful listings of its backed companies, including food delivery firm Swiggy. Another SoftBank-backed firm, Indian shopping website OfBusiness, is aiming for a $1 billion IPO in 2025 amid a surge in Indian primary markets. However, the final schedule of Son's visit could change, the source added.
Key takeaways:
- Masayoshi Son, the billionaire founder of Japan's SoftBank Group Corp, is set to meet Indian Prime Minister Narendra Modi.
- The meeting comes as SoftBank is looking to invest more in artificial intelligence and technology in India.
- Son also met Mukesh Ambani, India's richest man and chairman of Reliance Industries, to discuss potential artificial intelligence opportunities in India.
- SoftBank has seen gains from successful listings of its backed companies, including food delivery firm Swiggy and shopping website OfBusiness, which is targeting a $1 billion IPO in 2025.