siliconindia | | NOVEMBER 20198IN MYOPINIONWhat the Softbank-WeWork Debacle Means for IndiaBy Sashi Reddi, Founder & Managing Partner, SRI CapitalWhen WeWork's valuation went from being undervalued at $40 Billion to being overvalued at $8 Billion in a matter of two weeks, it left many of us in the investor community scratching our heads. Clearly, this was a massive blow to WeWork but an even bigger blow to Softbank and its reputation as a savvy investor. It turns out that after having invested more than $10 Billion in WeWork, Softbank had less than a 30 percent stake in the company and no management control. Softbank went from being the "god" of private equity to looking like a firm that had no clue.There's been a lot of analysis in all the western media and financial press, but not enough analysis on what it means for India. After all, Softbank and the Softbank "family" (that is, Alibaba and Ant Financial) are the largest investors in India. In 2014, when Masayoshi Son, head of Softbank, said he would invest $10 Billion in India in 10 years, most of us thought he was just painting a big picture Sashi Reddi
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