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SoftBank Vision Fund II Faces Major Setbacks

  • SoftBank’s Vision Fund II saw a 21.7% decline in fair value of its public portfolio in Q4 FY24, largely due to falling share prices of Swiggy and Ola Electric.
  • Despite the downturn, SoftBank gained $218 million from its investment in Swiggy, which achieved a gross return of $668 million by March 2025.
  • Ola Electric, however, contributed a gross loss of $46 million, valued at $510 million against a $556 million investment.
  • SoftBank’s Vision Fund I continued to perform well, with FirstCry and Delhivery adding significant gains of $291 million and $157 million, respectively, to the portfolio.
  • Overall, SoftBank posted a net profit of $7.4 billion for the fiscal year, marking its first annual profit in four years, driven by successful IPOs and portfolio performances.

Source: Inc42

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