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SoftBank dives back into Indian startup investing

Japanese tech giant aims to take stakes, push mergers with $100bn fund

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Digital wallet company Paytm already has more than 200 million registered users.   © Reuters

TOKYO -- SoftBank Group is accelerating its investments in Indian tech startups again after a temporary lull, eyeing a stake in a mobile payment company and arranging mergers of e-commerce platforms.

The Japanese mobile and tech giant has cultivated a number of ventures in India, but lately turned to focus on other projects. Now it is coming back with the weight of its planned $100 billion tech investment fund -- with such partners as the Saudi Arabian government -- behind it.

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