After a funding drought of almost 18 months, mega technology investor SoftBank is gearing up to invest in Indian startups again.

The Japanese investor will resume signing deals in the coming months, Sumer Juneja, head of India and EMEA at SoftBank Investment Advisers, said in an interview with Moneycontrol.

Juneja’s comments come after investors across the board tightened their purse strings and became more selective about the companies they back. Late-stage investors such as Tiger Global, Prosus, and Alpha Wave also remained on the backfoot.

While SoftBank has also been in wait-and-watch mode, it is now firming up plans to back new-age companies and build its portfolio in India.