SoftBank Invests $3.14b Across Its Two Funds In FY23


SoftBank Group Corp, which has backed Delhivery, Paytm, and Ola, invested only around USD 3.14 billion across its two primary funding vehicles in the fiscal year 2022-2023, a considerable decrease from the USD 44.26 billion invested the previous year.

The Japanese investment holding company also posted a record loss of USD 32 billion (4.3 trillion Japanese yen) across SoftBank Vision Fund I and SoftBank Vision Fund II, which was larger than the previous loss of 2.55 trillion Japanese yen, as digital startups struggled yet again in 2018.

Based on their portfolio structure, the SVF I and SVF II investment vehicles delivered differing results. SVF I, which launched in 2017, recorded cumulative returns of USD 101.0 billion on USD 89.6 billion in total investments. The fund’s overall gain was USD 11.4 billion, owing to an increase in the share prices of publicly traded portfolio businesses such as DiDi, Coupang, and DoorDash.

Paytm’s parent business, One 97 Communications, Delhivery, PolicyBazaar’s parent company, PB Fintech, and Zomato are among the fund’s publicly traded holdings in India.

Swiggy, Cars24, ElasticRun, MindTickle, Icertis, Eruditus, Ofbusiness, InMobi, and Juspay are among the companies in its portfolio in India. SoftBank Vision Funds registered a loss of 5,322,265 million Yen in total, with third-party interests accounting for 1,127,949 million Yen.

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