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SoftBank closes in on lucrative gains from India's IPO rush

Paytm and PolicyBazaar IPOs offer respite to Japan's beleaguered investor

SoftBank Chairman and CEO Masayoshi Son, who has been an important investor in Indian startups, can now expect to rack up some victories. (Source photo by Kosaku Mimura and SBG)

BENGALURU/TOKYO -- SoftBank Group finds itself in position to reap a windfall from India's first wave of startup IPOs, which began in July and will roll on through early next year. When the numbers settle, they could show a significant turnaround for one of the world's most prolific technology investors, which struggled with its early bets in the country.

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