CosmicTaco

SoftBank's Vision Fund Unit Back in Black with $220 Million Gain in June Quarter

CosmicTaco · 2024-08-07T13:49:48.087089+05:30

- SoftBank's Vision Fund unit recorded a $220 million gain in the April-June period, reversing a $300 million loss from the previous quarter. - The Vision Fund 1 saw its holdings increase by $2.8 billion, while Vision Fund 2 experienced a $2.6 billion loss during the same period. - The unit sold investments worth $0.84 billion in the first quarter, including full exits from companies like SenseTime and Paytm. - Three of SoftBank's Indian portfolio companies are in the middle of IPOs, with shares worth Rs 1,287 crore ($153 million) being sold. - SoftBank's portfolio includes Indian tech unicorns such as Ola, Delhivery, Paytm, Policybazaar, and Meesho. Source: [Moneycontrol](https://www.moneycontrol.com/technology/softbanks-vision-fund-unit-back-in-black-in-june-quarter-with-220-million-gain-article-12789527.html)

SoftBank's Vision Fund unit recorded a $220 million gain in the April-June period, reversing a $300 million loss from the previous quarter.
The Vision Fund 1 saw its holdings increase by $2.8 billion, while Vision Fund 2 experienced a $2.6 billion loss during the same period.
The unit sold investments worth $0.84 billion in the first quarter, including full exits from companies like SenseTime and Paytm.
Three of SoftBank's Indian portfolio companies are in the middle of IPOs, with shares worth Rs 1,287 crore ($153 million) being sold.
SoftBank's portfolio includes Indian tech unicorns such as Ola, Delhivery, Paytm, Policybazaar, and Meesho.

Source: Moneycontrol

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