SoftBank Vision Fund elevated Sumer Juneja to the position of managing partner

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It has been reported that Sumer Juneja joined SoftBank Vision Fund in 2018 as partner and head of India and has since led investments in Swiggy, Meesho, and Eruditus.

SoftBank Vision Fund, which invests in technology companies globally, has elevated Sumer Juneja, who heads its India office, to the position of managing partner.

The development comes on the back of a record year of funding for Indian startups and at a time when the Japanese firm has deployed close to $3 billion in the country.

Norwest Venture Partners

Juneja joined SoftBank in 2018 as partner and head of India and has since led investments in Swiggy, social commerce startup Meesho and others like edtech firm Eruditus. Before joining SoftBank, he was at Norwest Venture Partners where he was a director at the US-headquartered venture capital’s India office, the company said.

Juneja is credited for setting up an India team, diversifying the India portfolio for SoftBank beyond eCommerce and ride-hailing and backing startups in edtech, business-to-business, software-as-a-service, and enterprise in what has been the busiest year for the group here.

Senior Ranks of SoftBank

SoftBank has also seen a few of its portfolio firms go public including PB Fintech, which runs Policybazaar and Paytm, which had a poor showing on debut.

Along with Juneja, SoftBank is also promoting Lydia Jett, Vikas Parekh, and Dennis Chang to managing partners. Jett led SoftBank’s investments in Flipkart both times and specialises in eCommerce with bets like South Korea’s Coupang under her belt. In all, there are 13 managing partners at the Vision Fund, including the four additions.

These changes come amid a slew of departures in the senior ranks of SoftBank Vision Fund. Deep Nishar, a senior managing partner at the fund, left recently. (The Economic Times)