For a few years, India’s IT/startup sectors have been garnering billions of dollars from global markets. Aside from the United States and China, Japan has been targeting India’s expanding IT sector, with the country’s investment already exceeding $9.2 billion, according to a study released by Nasscom in partnership with the Japanese Ministry of Economy, Trade, and Industry.
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This rise in investment by Japan is a testimonial to their success and competence, stated Debjani Ghosh, President of NASSCOM. The IT industry has shown to be a trusted partner in Japanese firms’ digital transformation journeys and inventing new business models. Japan and India have collaborated as strategic partners to provide the greatest goods to the global market by utilizing their respective strengths and co-creation.
The report considers Japanese investment in India between 2016 to 2021, when new-age enterprises in the nation obtained capital owing to scalable disruptive business strategies.
Japan’s total investment to date has reached $9.2 billion, spurred by large-ticket transactions from investors such as Softbank. Among the numerous firms that have received funding from the company are OYO, Paytm, Ola, Flipkart, Meesho, Grofers, Swiggy, and Unacademy. Softbank’s two funds, Vision Fund I and II, have pumped billions of dollars into India’s startup ecosystem, propelling several to the unicorn club. According to the research, companies in the fintech, healthcare, and mobility sectors were the most popular among Japanese investors, followed by E-commerce, enterprise, and real estate.
The Chief Director-General of the Japan External Trade Organization (JETRO), Yasuyuki Murahash, stated that the rise of India’s digital industry under COVID has been amazing, and many Japanese firms are paying attention to the Indian ecosystem.
