Ola Electric, Swiggy Hurt SoftBank’s Vision Fund II In Q4

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SUMMARY

The fair value of SVF II’s public portfolio companies dwindled 21.7% sequentially in Q4 FY24 due to fall in share prices of foodtech major Swiggy and EV maker Ola Electric.

Notwithstanding the QoQ decline in the fair value of SVF II’s listed portfolio, SoftBank is sitting on gains worth $218 Mn on its investment in Swiggy

The EV maker accounted for a gross loss of $46 Mn for the fund, fetching a mere $510 Mn as of March 2025 against a total investment of $556 Mn

Buoyed by gains from SoftBank Vision Fund I (SVF…



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Ola Electric, Swiggy Hurt SoftBank’s Vision Fund II In Q4


SUMMARY

The fair value of SVF II’s public portfolio companies dwindled 21.7% sequentially in Q4 FY24 due to fall in share prices of foodtech major Swiggy and EV maker Ola Electric.

Notwithstanding the QoQ decline in the fair value of SVF II’s listed portfolio, SoftBank is sitting on gains worth $218 Mn on its investment in Swiggy

The EV maker accounted for a gross loss of $46 Mn for the fund, fetching a mere $510 Mn as of March 2025 against a total investment of $556 Mn

Buoyed by gains from SoftBank Vision Fund I (SVF…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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