SoftBank's Kabir Misra to set up $250 million startup fund

Kabir Misra, Managing Partner at SoftBank's venture capital fund SoftBank Capital, is in advanced talks to set up a $250-million startup investment fund. According to reports, Misra will make early-stage to mid-stage investments in India, Southeast Asia and the US. Once the fund is closed, Misra will reportedly step down from his existing role at SoftBank, citing personal reasons.