SoftBank Plans $35 Million gamble on India's GoMechanic.

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One of the Japanese investor's smallest bets in India would be through its Vision Fund if SoftBank Group were to invest $35 million in Indian auto repair and service company GoMechanic.

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According to data from Venture Intelligence, SoftBank has long been a prominent backer of Indian startups, investing almost $4 billion in the past year alone.

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Khazanah and Tiger Global did not reply to requests for comment, GoMechanic and SoftBank declined to comment.

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Since its establishment in 2016, GoMechanic's service centres in India have serviced and repaired more than two million vehicles.

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GoMechanic was valued at $300 million last year and today earns an estimated $40 million in gross revenue annually, according to the source. 

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Compared to its original $100 billion vehicle, SoftBank's second $40 billion Vision fund is smaller.

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He declared in August that the second fund will only be used to manage his present stock portfolio.

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