Venture Intelligence (TSJ Media Pvt. Ltd.)
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Ola Electric, Swiggy hurt SoftBank’s Vision Fund II performance in Q4
Buoyed by gains from SoftBank Vision Fund I (SVF I), the Japanese tech investor reported a profit of USD 3.5 Billion in the quarter ended March 2025. However, SVF II turned in a lacklustre performance due to its listed India portfolio.The fair value of SVF II’s public portfolio companies dwindled 21.7% sequentially in Q4 FY24 due to fall in share prices of food-tech major Swiggy and EV maker Ola Electric. Notwithstanding the QoQ decline, SoftBank is sitting on gains worth USD 218 million on its investment in Swiggy. The EV maker accounted for a gross loss of USD 46 million for the fund, fetching a mere USD 510 million as of March 2025 against a total investment of USD 556 million.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.