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SoftBank sitting on $550 million of gains on listed Indian bets so far in 2023

Money Control

Money Control · 2y ago

SoftBank sitting on $550 million of gains on listed Indian bets so far in 2023

During the first half of 2023, SoftBank has amassed potential gains of $550 million from its Indian listed portfolio companies. The multinational conglomerate's investments in Indian startups have demonstrated substantial growth, reflecting positive performance and market dynamics, thereby contributing to its significant financial gains in the specified period.

Related News

SoftBank Sitting On Gross Gains Worth $285 Mn From Delhivery

Inc42 · 1y ago

SoftBank Sitting On Gross Gains Worth $285 Mn From Delhivery

SoftBank Vision Fund 1 has invested $392 million in a logistics startup and has seen gross returns of $682 million so far. However, it has also reported a gross loss of $544 million from its $1.6 billion investment in Paytm, a troubled fintech major. SoftBank has invested a total of $10.6 billion in various Indian startups over the years and has exited with gains of around $6 billion to $6.8 billion.

SoftBank posts profit in FY24 as global bets offset headwinds from Indian bets

YourStory

YourStory · 2m ago

SoftBank posts profit in FY24 as global bets offset headwinds from Indian bets

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.

SoftBank fully exits Policybazaar parent fetching $650 million in returns

Economic Times

Economic Times · 1y ago

SoftBank fully exits Policybazaar parent fetching $650 million in returns

Japanese technology investor SoftBank has made a full exit from PB Fintech, the parent company of insurance marketplace PolicyBazaar. SoftBank had invested close to $200 million in PB Fintech and sold its remaining stake for about $109 million, making a total of $650 million in returns on its investment. This is part of SoftBank's strategy of diluting its holdings through public market deals. SoftBank has invested $15 billion in India so far and has funded nearly a fifth of the country's unicorns.

FirstCry, Unicommerce turn multibaggers for SoftBank, others after bumper stock market debut

YourStory

YourStory · 12m ago

FirstCry, Unicommerce turn multibaggers for SoftBank, others after bumper stock market debut

Indian e-commerce company FirstCry and SaaS firm Unicommerce experienced significant gains on their stock market debuts, resulting in substantial returns for their major investors, including SoftBank. FirstCry's stock saw a 40% premium on its debut and closed 3.5% higher, allowing SoftBank's stake in the company to grow to over Rs 7,000 crore. Unicommerce, backed by AceVector Group and SoftBank, also saw a strong premium on its debut. Snapdeal's parent company and SoftBank enjoyed significant notional gains from Unicommerce's listing.

Prosus’ Ashutosh Sharma on early-stage bets and potential in edtech despite Byju’s

VCCircle

VCCircle · 1y ago

Prosus’ Ashutosh Sharma on early-stage bets and potential in edtech despite Byju’s

Prosus, a Netherlands-based company, has made significant investments in Indian unicorns such as Swiggy, Meesho, Urban Company, Eruditus, and The Good Glamm Group. Although Prosus has been more cautious in its investments in recent years, it continues to see potential in the Indian edtech sector, despite the dominant presence of Byju's. With investments of nearly $7 billion in Indian companies so far, Prosus' Head of India Investments, Ashutosh Sharma, remains optimistic about early-stage opportunities in the market.

SoftBank turns around in FY25: Clocks $7.4 Bn profit, bets big on AI and chips

Entrackr

Entrackr · 2m ago

SoftBank turns around in FY25: Clocks $7.4 Bn profit, bets big on AI and chips

SoftBank Group has posted a net profit of $7.4 billion in FY25, marking a sharp reversal from a loss of $1.4 billion in the previous year. The turnaround follows aggressive bets on artificial intelligence and semiconductor plays. The Japanese conglomerate’s revenue rose 7.2% year-on-year to $45.97 billion, while income before tax jumped to $10.8 billion from just $367.5 million last year. SoftBank attributed the gain to a $23.5 billion investment profit from holdings in Alibaba, T-Mobile, and Deutsche Telekom. Its investment business, led by founder Masayoshi Son, recorded ¥3.41 trillion ($21.7 billion) in gains. This included ¥1.88 trillion ($11.94 billion) from Alibaba and ¥1.35 trillion ($8.58 billion) from T-Mobile. However, these were partially offset by a ¥2.03 trillion derivative loss, largely due to prepaid forward contracts using Alibaba shares. The performance of the Vision Fund segment remained mixed. While Vision Fund 1 clocked a ¥940 billion gain ($5.97 billion), Vision Fund 2 posted a loss of ¥526 billion ($3.34 billion). The group also incurred a ¥491.8 billion ($3.17 billion) charge related to third-party investor interests in the Vision Funds. A large part of Vision Fund 2’s losses came from a drop in the value of companies like Ola and Swiggy, which saw their stock prices and valuations fall. SoftBank said the value of its publicly listed investments under Vision Fund 2 fell by 21.7% in the last quarter. Meanwhile, SoftBank is doubling down its investment in AI infrastructure. It has committed up to $30 billion to OpenAI Global and is acquiring US-based chipmaker Ampere for $6.5 billion. The group also launched the “Stargate” project — a $500 billion initiative to build large-scale AI data centers. Despite the return to profitability, SoftBank flagged macro uncertainties including FX volatility, regulatory risks, and performance variance in its private market bets. The company will propose a year-end dividend of ¥22 ($0.14) per share, taking the full-year payout to ¥44 ($0.28), unchanged from last year.

Honasa Shares Surge Over 5% During Intraday Trade

Inc42 · 11m ago

Honasa Shares Surge Over 5% During Intraday Trade

Share prices of a particular company increased by 2.32% to INR 515.9, although they had initially experienced greater gains. The stock has risen by 14.4% so far this year, and the company's current valuation is over INR 16,709 Cr.

SoftBank Eyeing Investments In Indian Data Centres And Robotics To Boost AI Bets

Inc42 · 1y ago

SoftBank Eyeing Investments In Indian Data Centres And Robotics To Boost AI Bets

SoftBank is considering investments in Indian data centre and industrial robotics companies to strengthen its focus on the infrastructure layer of artificial intelligence (AI). It is evaluating potential deals in these sectors and may invest between $75 Mn and $150 Mn per deal. As of March 2024, SoftBank has committed $5 Bn in investments in high-growth industries. Recent investments include partnerships with robotics company Symbotic and autonomous driving company Wayve. SoftBank is also expected to resume investments in Indian startups, with a focus on growth-stage investments.

SoftBank took home $1.8-1.9 billion from four listed portfolio companies

Economic Times

Economic Times · 1y ago

SoftBank took home $1.8-1.9 billion from four listed portfolio companies

SoftBank, despite refraining from new startup funding in India, still holds $1.1-1.2 billion in shares from its listed portfolio companies. The Japanese investor has sold $1.8-1.9 billion in stakes through public offerings and post-listing sales in Indian startups like Paytm, Zomato, PB Fintech, and Delhivery. SoftBank's strategy aligns with a slowdown in new investments, focusing on secondary sales. With upcoming IPOs of Ola Electric and FirstCry, SoftBank is set to sell stakes worth approximately $180 million and $45-50 million, respectively. SoftBank has invested $15 billion in India, playing a significant role in over 100 unicorns.

SoftBank In Talks To Double Down On Software Portfolio Firm Icertis

Inc42 · 1y ago

SoftBank In Talks To Double Down On Software Portfolio Firm Icertis

Japanese conglomerate SoftBank is reportedly in discussions to increase its investment in Indian software firm Icertis. Icertis is looking to secure around $150 million through a secondary share sale and SoftBank is considering increasing its stake in the company. Other existing investors are also considering upping their investment. SoftBank has been preparing to invest in Indian startups again after a hiatus of around 18 months, and plans to focus on new-age companies and strengthen its portfolio in the Indian market. SoftBank has invested a total of $15 billion in India and its investment portfolio is up 9% as of December 2023.

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