SoftBank’s Vision Fund 1 has revealed a substantial gross loss of $544 million on its $1.6 billion investment in Paytm. This loss comes after SoftBank fully exited its Paytm holdings in the June quarter. Despite this significant setback, the Vision Fund has experienced notable successes elsewhere.
The fund recorded a gross gain of $394 million from its $199 million investment in Policybazaar, an online insurance aggregator, marking a complete exit from this investment. Additionally, SoftBank achieved a $65 million gain from its partial shareholding through Zomato’s acquisition of Blinkit in 2022.
Other notable exits from Indian startups include logistics company Delhivery. The fund reported a $285 million gain on its $397 million investment in Delhivery, while retaining a 10.15% stake as of the end of June.
Internationally, SoftBank has seen substantial gains, including $2.9 billion from NVIDIA, $1.5 billion from Uber, and $684 million from Slack.
SoftBank’s Vision Fund 1, which has made 94 investments with an acquisition cost of $89.6 billion, has achieved a cumulative return of $106.3 billion, driven by successful investments in companies like ByteDance and Coupang. In contrast, Vision Fund 2, with 277 investments costing $52.4 billion, has a cumulative return of $33.1 billion.
In India, SoftBank-backed companies have represented 50% of all growth capital invested in fiscal 2023 and 60% of IPO capital raised since 2021. Over the past decade, SoftBank has invested around $10.6 billion in Indian tech startups, with exits totaling $6-6.8 billion.
Despite these exits, SoftBank maintains significant holdings and plans to sell up to $153 million worth of shares through three upcoming IPOs. Post-listing, it will still hold shares valued up to Rs 11,011 crore. Additionally, SoftBank has sold shares of FirstCry worth $275 million but has yet to divest from the other two companies.
I’m a finance writer with three years of experience in investment analysis. At Investorwelcome , I translate complex financial concepts into clear, actionable insights to help investors navigate the market with confidence. Combining my solid academic background with practical industry knowledge, I’m dedicated to providing readers with accurate and timely information. My goal is to empower both new and seasoned investors by simplifying intricate data and offering strategic advice. When I’m not writing, I stay engaged with market trends and investment innovations to ensure my content remains relevant and valuable.
aparna 
Alex V