SoftBank Group International has had a very newsy 2016. The firm’s President’s Nikesh Arora leaving earlier this year had created a lot of buzz and speculation around the fate of their India investments.
SoftBank Managing Director Deep Nishara was speaking at TiE Global Summit in Delhi on Friday. Deep said that India is not the final frontier for global investors and SoftBank is bullish about India.
Speaking about categories, Deep said his firm continues to be bullish about consumer tech, TMT and is also looking into sectors like IoT and AI ‘deeply.’
Giving his perspective on IoT space, Deep said that as an entrepreneur, should follow the money. “Think big and think in those terms wherein 100 trillion dollars are going to be spent on industrial production and even if you even get a slice of it, it will be great,” he adds.
Deep said that entrepreneurs, of this domain, should look at solutions which could reduce the time and costs utilized by manufacturers and industrialists.
He further said, “IoT believe is going to transform the way we look at the world and how it is operated.”
Value-creation is the focus
In 2014-2015 people worried a lot about valuation and less about value creation. Whereas, 2016 entrepreneurs are more concerned about value creation, which is great! This is how entrepreneurs are going to build great companies, he said. He further went on to add that 2017 would also be more focussed on value creation for entrepreneurs.