SoftBank appoints Norwest's Sumer Juneja to head its India operations

Juneja to drive investments from the Japanese firm's $100 billion Vision Fund

India’s most prolific start-up investor, SoftBank, has ploughed close to $8 billion (Rs 570 billion) into the country. On Wednesday, it announced that venture capitalist Sumer Juneja is to head the local arm of its $100-billion Vision Fund. 

The Japanese firm also said it would be opening its first India office, in Mumbai, as it looks to better support its portfolio companies in the region and expand further.

Juneja will join the Vision Fund from Silicon Valley-based Norwest Venture Partners, where he led the latter's investment in food ordering app Swiggy, online classified entity Quikr and others. The London School of Economics