Kabir Misra, managing partner at Softbank Capital, is looking to launch his own startup fund with a corpus of $250 Mn. According to sources, Misra will make early-stage to mid-stage investments in US, India and Southeast Asia.
The startup fund will count Softbank Group as an anchor limited partner.
Also, Misra will step down from his current position once the fund is closed due to some personal reasons.
“While SoftBank is likely to be on the advisory board of the new fund, it will look at sub-$20 million investments to avoid conflicts with the SoftBank Vision Fund,” a media report said.
In May this year, Inc42 had reported that although SoftBank is yet to disburse the $93 Bn corpus it raised for its $100 Bn Vision Fund in May 2017, the group’s chief executive, Masayoshi Son, is determined to set up Vision Fund II in the near future.
“Misra is essentially transitioning into a new role and will act as an adviser to SoftBank,” added the source cited above.