Bengaluru: SoftBank Vision Fund is continuing its dealmaking spree in India. After social commerce startup Meesho and banking technology platform Zeta, the technology-focused investor is set to put another $100 million in portfolio firm MindTickle.
This will make the software-as-a-service (SaaS) company a unicorn, valuing it at $1.1 billion, sources aware of the matter said. ET reported earlier this month that SoftBank was also in talks to invest in business-to-business.
Last November, SoftBank had driven a $100-million subsidizing round in MindTickle, esteeming it at $500 million. The current round, however inward, will prompt a critical valuation increment for the organization.
A representative for SoftBank declined to remark while MindTickle author Krishna Depura didn’t promptly react to ET’s questions. Debra revealed to ET last year that MindTickle had seen 170-180% development in incomes and expected to close the year with yearly repeating income (ARR) of $30-.