SoftBank Group Corp on Tuesday reported a revenue of 517.18 billion yen ($3.49 billion) within the fiscal 12 months ended March 2025, helped by positive aspects on its SoftBank Imaginative and prescient Fund I investments regardless of offsets from Indian portfolio corporations.
The Japanese funding conglomerate, led by Masayoshi Son, made a 177.26 billion yen ($1.19 billion) revenue on investments at SoftBank Imaginative and prescient Funds throughout this era, regardless of Imaginative and prescient Fund II persevering with to wrestle.
Imaginative and prescient Funds (SVF1 and SVF2) bought investments totalling $5.35 billion within the 12 months ended March 2025, together with full exits from portfolio corporations reminiscent of DoorDash and SenseTime (together with six investments transferred to Robo HD), and partial exits from a number of others.
Regardless of the bottom-line uptick, SoftBank’s Indian bets continued to endure throughout this era.
.thumbnailWrapper{
width:6.62rem !necessary;
}
.alsoReadTitleImage{
min-width: 81px !necessary;
min-height: 81px !necessary;
}
.alsoReadMainTitleText{
font-size: 14px !necessary;
line-height: 20px !necessary;
}
.alsoReadHeadText{
font-size: 24px !necessary;
line-height: 20px !necessary;
}
}
Final week, Swiggy noticed its losses virtually double within the fourth quarter because it reeled underneath heavy spending on its fast commerce vertical. The corporate’s share value has declined by about 41% this 12 months.
Equally, Bhavish Aggarwal-led Ola Electrical has been scuffling with declining market share, regulatory hurdles, and protracted losses. Whereas the corporate is but to report its This fall outcomes, the share value of the EV-maker has fallen about 42% year-to-date.
At current, Swiggy and Ola Electrical, a part of SoftBank’s Imaginative and prescient Fund 2 portfolio, are buying and selling underneath their IPO costs.
Moreover, Indian hospitality firm OYO has reportedly shelved its IPO plans for the third time, in keeping with a Bloomberg report. SoftBank had reportedly suggested the corporate to carry again its itemizing plans till additional monetary enchancment.
In the meantime, SoftBank has turned its hopes to synthetic intelligence, making daring bets in ChatGPT-maker OpenAI. It not too long ago led a $40 billion funding spherical within the firm, which noticed its valuation virtually double to $300 billion, making it one of many largest funding rounds for a tech firm, in keeping with media stories.
Based on a Bloomberg report in April, SoftBank is reportedly planning to safe a $16.5 billion mortgage to fund its AI investments within the US.
(1 Japanese Yen = 0.0068 USD)
Edited by Suman Singh
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
