Venture Intelligence (TSJ Media Pvt. Ltd.)
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SoftBank's Vision Fund posts $5.52 B loss in Q3
SoftBank Group Corp has booked a net loss for October-December, with its giant Vision Fund investment unit staying in the red for the fourth straight quarter as tech portfolio valuations have yet to recover from a global sell-off. The Vision Fund's investment loss stood at 730.36 Billion yen (USD 5.52 Billion) in the latest quarter, on top of the combined loss of 7.3 Trillion yen during the first nine months of 2022. Startup investments by SoftBank's Vision Fund unit came below USD 350 million in the latest quarter.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.