CosmicTaco

SoftBank's Upcoming IPOs to Unlock $1.5 Billion in Value

CosmicTaco · 2024-08-01T12:15:07.211308+05:30

- SoftBank Vision Fund is set to gain significantly from upcoming startup IPOs in India, including Ola Electric, FirstCry, Unicommerce, and Swiggy. - Ola Electric, FirstCry, and Unicommerce are expected to list within the next two weeks, with SoftBank holding substantial stakes in these companies. - SoftBank's shares in Ola Electric and FirstCry are valued at about $1.5 billion, while its stake in Unicommerce is worth $42 million. In Swiggy, SoftBank's shares are valued between $700-800 million. - The fund has invested $10.7 billion in India but has paused new investments since mid-2022, focusing instead on artificial intelligence. - SoftBank has already cashed out over $7 billion from various exits, including $4 billion from Flipkart and partial sales in Lenskart, with significant returns from Paytm, Zomato, and Policybazaar. Source: The Arc

SoftBank Vision Fund is set to gain significantly from upcoming startup IPOs in India, including Ola Electric, FirstCry, Unicommerce, and Swiggy.
Ola Electric, FirstCry, and Unicommerce are expected to list within the next two weeks, with SoftBank holding substantial stakes in these companies.
SoftBank's shares in Ola Electric and FirstCry are valued at about $1.5 billion, while its stake in Unicommerce is worth $42 million. In Swiggy, SoftBank's shares are valued between $700-800 million.
The fund has invested $10.7 billion in India but has paused new investments since mid-2022, focusing instead on artificial intelligence.
SoftBank has already cashed out over $7 billion from various exits, including $4 billion from Flipkart and partial sales in Lenskart, with significant returns from Paytm, Zomato, and Policybazaar.

Source: The Arc