SoftBank posts first annual profit in four years, but Ola and Swiggy weigh on Vision Fund 2 in Q4

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Japanese tech conglomerate SoftBank Group booked an investment loss of $708 million for its Vision Fund 2 in the January–March quarter, citing the poor performance of Indian listed stocks as a key factor. Food and grocery delivery company Swiggy and two-wheeler manufacturer Ola Electric are the two Indian listed companies in SoftBank Vision Fund (SVF) 2’s portfolio.

“…some slowdown and drop in share price in portfolio in India was one of the reasons for that (loss on investments in SVF-2). Hopefully, we will be able to see some good recovery…



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SoftBank posts first annual profit in four years, but Ola and Swiggy weigh on Vision Fund 2 in Q4


Japanese tech conglomerate SoftBank Group booked an investment loss of $708 million for its Vision Fund 2 in the January–March quarter, citing the poor performance of Indian listed stocks as a key factor. Food and grocery delivery company Swiggy and two-wheeler manufacturer Ola Electric are the two Indian listed companies in SoftBank Vision Fund (SVF) 2’s portfolio.

“…some slowdown and drop in share price in portfolio in India was one of the reasons for that (loss on investments in SVF-2). Hopefully, we will be able to see some good recovery…



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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