Japanese telecom and Internet major SoftBank Corp said it will aggressively back two of its biggest India portfolio companies, online commerce player Snapdeal and ride hailing application Ola , as they fight deep-pocketed global giants Amazon and Uber, respectively, for market share in the world's fastest growing major economy. SoftBank , which has emerged as the biggest investor in Indian consumer Internet space over the last two years with $2 billion deployed, also said that consolidation of its Indian portfolio companies is a possibility.It is also on the hunt for emerging "disruptive" unicorns in the financial services and healthcare space."In terms of plans, our priority is to nurture our portfolio companies," said Alok Sama , who is president of SoftBank Group International, in an exclusive interview with ET, his first after being anointed Nikesh Arora's successor in June of this year by founder Masayoshi Son.He along with SoftBank's board member Ron Fisher has stepped in to manage Arora's overseas investment duties. “We are very focussed on consolidating our position in e-commerce and ride hailing,” said the former Morgan Stanley banker, adding that SoftBank is on track to deploy $10 billion in India — a figure announced by Son — over the next decade.The bulk of SoftBank’s capital deployed — about $1.3 billion — has been invested across just 2 companies, Ola and Snapdeal, thus making the success of these two investments critical to its future in India. Both are currently in the midst of new funding rounds.When SoftBank had invested in Snapdeal, it was the second-largest online marketplace behind Flipkart and was gunning for the top position. But since then, Snapdeal has slipped to third place, behind Amazon India and Flipkart, in terms of sales.Sama, a Stephen’s and Wharton graduate, said that Snapdeal was focused on improved unit economics, and the company has shown organic growth in gross sales. He said that Son “is directly focused on the situation” with Snapdeal, and there are “number of initiatives” in the works to make sure it is “well financed”.SoftBank is also a key backer of Asian companies competing with Uber, which includes China’s Didi Chuxing, Southeast Asia’s GrabTaxi and India’s Ola. But Didi, the largest player in this troika of anti-Uber alliance, acquired Uber’s China business earlier this year and gave the San Francisco-based player a 20% stake.Sama does not rule out a future consolidation between Uber and Ola, as the former looks to go past the Indian market leader Ola after freeing up war chest from China. “Is consolidation a possibility? Perhaps. But it will be interesting to see how it plays out. But we are absolutely comfortable backing Ola going head to head against Uber in India,” he said.The indication by SoftBank that it will stand behind its India portfolio comes exactly two years after it invested nearly $1 billion in October 2014 to create market leaders. SoftBank’s investments includes a joint venture for solar energy projects with Sunil Mittal’s Bharti Enterprises and Bharti SoftBank, which owns messaging application Hike, the latter being the brainchild of Bharti scion Kavin Mittal.But tech valuations have cooled off since October 2014, and concerns about its commitment to the market after Arora’s exit increased. Arora’s personal connect with the founders was considered a key factor for future funding rounds. However, he faced investor backlash over alleged conflict of interests and the soundness of some of his bets in India and across the globe.Buoyed by the recently announced $100-billion new tech fund in collaboration with the Saudi SWF, the 40% appreciation of the Alibaba stock coupled with the turnaround in Sprint and the ARM acquisition – its biggest so far – Sama, who in 2005 had co-founded Baer Capital Partners, asserted that “from a SoftBank perspective, the year has been exhilarating”.He, however, agreed that the departure of the flamboyant Arora, who enjoyed cult status across the internet ecosystem, would be a loss. “Mr Son continues to be the central figure. He is more energised than I have seen him in two years of my interaction.”“When SoftBank was pumping money, it was a period of irrational exuberance, and when it stopped we went to doom and gloom,” said Subramanya SV, a former VC investor at Bessemer who was a board member of Snapdeal and TaxiForSure, which merged with Ola. “We are slowly coming to sane situation, and if SoftBank supports existing companies we will return more to a rational situation.”