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SoftBank may get 106% gains from Ola Electric, 2 more IPOs: Report
Inshorts
·
11m ago
Medial
SoftBank may get 106% returns on cumulative investments worth ₹7,085 crore in Ola Electric, FirstCry and Unicommerce, all of which may list in next two weeks, Moneycontrol's analysis of the startups' offer documents showed. SoftBank is selling FirstCry and Unicommerce shares at three times the prices it bought them for. It'll hold ₹11,011-crore shares in the startups post the IPO.
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Related News
Early investors set to gain from new-age IPO windfall
Economic Times
·
11m ago
Medial
Investors who got in early on the upcoming IPOs of FirstCry and Ola Electric could see significant returns. Companies like SoftBank, Tiger Global, Mahindra & Mahindra, and Matrix Partners India are expected to see their stock value surge by three to ten times. This means SoftBank's gains in FirstCry could exceed 3X based on its acquisition cost, while Mahindra & Mahindra could see a nearly 6X gain. Similarly, early backers of Ola Electric like Tiger Global and Matrix Partners India could achieve gains of more than 6X and nearly 10X, respectively. Latecomers may face notional losses due to moderated valuations. Founders of FirstCry and Ola Electric, Supam Maheshwari and Bhavish Aggarwal, are expected to accumulate significant wealth through the IPOs.
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Post-listing, SoftBank’s holdings in Ola Electric, FirstCry, Unicommerce worth an eye-popping $2 billion
Economic Times
·
11m ago
Medial
SoftBank's stakes in Ola Electric, FirstCry, and Unicommerce have soared in value to nearly $2 billion, thanks to their post-listing gains. SoftBank has already realized around $400 million in secondary stake sales. The firm's investments in FirstCry and Ola Electric have paid off, with FirstCry's market capitalization exceeding Rs 35,000 crore, and Ola Electric's shares surging 71% since its listing. SoftBank's stake in FirstCry is now valued at over Rs 7,000 crore, while its stake in Ola Electric is worth more than Rs 8,500 crore. The investor has fully exited its holdings in Paytm, Zomato, Policybazaar, and Delhivery.
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SoftBank swings to $7.7B profit in September quarter
YourStory
·
8m ago
Medial
SoftBank Group reported a profit of 1.2 trillion yen ($7.98 billion) in the second quarter of FY25, driven by successful IPOs of its portfolio companies. The company made investment gains of 608 billion yen ($3.96 million), marking its fourth consecutive profitable quarter. SoftBank's Vision Funds sold investments worth $1.85 billion, with notable exits from companies like SenseTime and Paytm. SoftBank-backed companies like FirstCry, Ola Electric, and Unicommerce had strong market debuts but saw their stock prices fall afterwards. SoftBank is also exploring AI investments, including a potential $500 million investment in OpenAI.
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Ola Electric, Firstcry IPOs set to boost SoftBank profit
VCCircle
·
8m ago
Medial
SoftBank Group is expected to report a quarterly profit of 287 billion yen ($1.87 billion), thanks to successful IPOs of portfolio companies, including Ola Electric and Brainbees Solutions. However, the stronger yen is likely to offset some of the gains. Analysts are interested in SoftBank's investment plans, particularly in the AI sector where it is reported to be developing chips to rival Nvidia. SoftBank's robust financial position has also sparked speculation about potential large-scale investments. Morningstar analyst Dan Baker notes the company's balance sheet is the strongest it has been in the past five years.
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Cash-rich SoftBank eyes more AI bets for strategic growth
YourStory
·
8m ago
Medial
SoftBank Group is intensifying its investments in artificial intelligence (AI) as it aims to leverage its healthy financial standing. The company's Vision Fund 2 has committed $500 million to OpenAI, one of its strategically important investments in the AI sector. SoftBank's renewed focus on long-term, strategic growth has led it to selectively add AI-driven companies to its portfolio. The company is particularly interested in transformative companies with product-market fit, strong unit economics, and consistent execution. SoftBank's Q2 earnings report also revealed positive returns from IPOs of portfolio companies, such as Ola Electric and FirstCry.
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Firstcry, Ola Electric IPOs to build a club of super-rich
Livemint
·
1y ago
Medial
Top executives of Ola Electric and Firstcry are set to make significant gains from their companies' upcoming IPOs, according to an analysis of their draft red herring prospectus. The top 10 leaders of Ola Electric could collectively make around ₹16,792 crore, with CEO Bhavish Aggarwal's stake alone valued at over ₹16,000 crore. Meanwhile, the top 10 leaders of Firstcry stand to make at least ₹2,467 crore in the IPO. These figures are based on the companies' valuations in their last funding rounds. Both companies are awaiting approval from the Securities and Exchange Board of India (Sebi) for their IPOs.
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FirstCry IPO: M&M, SoftBank, TPG Growth Set To Make Big Gains
Inc42
·
11m ago
Medial
Indian automotive company Mahindra & Mahindra is expected to make a 6X return by selling more than 28 lakh shares of FirstCry, while SoftBank is also anticipating a 3X gain from the startup's upcoming public listing. SoftBank is also set to profit from its investment in Ola Electric, with a 1.5X return, as well as potential gains from Unicommerce's IPO. Key stakeholders, such as Ratan Tata and FirstCry founders Supam Maheshwari and Amitava Saha, will also be selling shares in the public offering, which was oversubscribed 12.22 times.
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SoftBank posts profit in FY24 as global bets offset headwinds from Indian bets
YourStory
·
2m ago
Medial
SoftBank Group Corp reported a profit of 517.18 billion yen ($3.49 billion) for fiscal year ending March 2025, driven by gains from its Vision Fund I investments despite setbacks from Indian ventures like Swiggy, Ola Electric, and OYO. Although Vision Fund II faced challenges, SoftBank made significant exits from companies like DoorDash. Despite struggling Indian investments, SoftBank is focusing on AI, leading a $40 billion funding round for ChatGPT-maker OpenAI, highlighting its strategic shift.
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Ola Electric losses surge 2X to Rs 862 Cr in Q4 FY25, revenue declines 62%
Entrackr
·
1m ago
Medial
Ola Electric saw a 62% year-on-year decline in revenue in Q4 FY25, while its losses surged 106%, underscoring a tough quarter for the SoftBank-backed electric mobility company. Ola Electric witnessed a turbulent financial performance during the fourth quarter of FY25, as its revenue saw a sharp year-on-year decline of 62%. In parallel, the company’s losses more than doubled, indicating the mounting challenges faced by the SoftBank-backed electric mobility firm. Ola Electric’s revenue from operations decreased to Rs 611 crore in Q4 FY25 from Rs 1,598 crore in Q4 FY24, its consolidated financial statements sourced from the National Stock Exchange show. For the full fiscal year (FY25), Ola Electric’s operating revenue decreased 10% to Rs 4,514 crore in FY25 from Rs 5,010 crore in FY24. Income from the sale of electric scooters was the sole source of revenue for Ola Electric while the collection from the sale of batteries contributed only a small portion in the last quarter of the previous fiscal year. For the EV scooter maker, material procurement made up 33% of the total costs at Rs 527 crore in Q4 FY25. Other major expenses included employee benefits, advertising, and technical support, pushing the total quarterly burn to Rs 1,598 crore. For the full fiscal year ending March 2025, total expenses rose to Rs 7,185 crore. A higher decline in sales caused Ola Electric's losses to rise by 106% in Q4 FY25, reaching Rs 862 crore compared to Rs 418 crore in the same quarter of the previous fiscal year (Q4 FY24). For FY25, the firm’s losses stood at Rs 2,276 crore in FY25, up from Rs 1,584 crore in FY24. Recently, Ola Electric Mobility has approved a plan to raise up to Rs 1,700 crore through debt instruments. The Bhavish Aggarwal-led company secured the second position in the electric two-wheeler segment in April, with TVS Motor emerging as the market leader. For the first time, Ather Energy has surpassed Ola Electric in quarterly revenue. In Q4 FY25, Ather reported an operating revenue of Rs 676 crore, ahead of Ola Electric’s Rs 611 crore. At the close of today's trading session, Ola Electric's stock was priced at Rs 53.20, giving the company a market capitalization of Rs 23,465 crore.
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ETtech Exclusive | India most successful IPO market in the world for 2024: SoftBank’s Alex Clavel
Economic Times
·
8m ago
Medial
India is considered the most successful IPO market in 2024, according to SoftBank Investment Advisers co-chief executive Alex Clavel. He attributes this success to the development of India's capital markets and progressive market regulations that have increased domestic liquidity. SoftBank portfolio firms like FirstCry, Ola Electric, and Unicommerce have recently gone public, with more IPOs, including Swiggy's $1.25 billion offering, lined up. In contrast, the US public markets have been relatively stagnant. SoftBank has invested $11 billion in the Indian digital economy and sees plenty of entrepreneurial opportunities in the country.
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