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Ola Electric, Swiggy Hurt SoftBank’s Vision Fund II In Q4
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SUMMARY
The fair value of SVF II’s public portfolio companies dwindled 21.7% sequentially in Q4 FY24 due to fall in share prices of foodtech major Swiggy and EV maker Ola Electric.
Notwithstanding the QoQ decline in the fair value of SVF II’s listed portfolio, SoftBank is sitting on gains worth $218 Mn on its investment in Swiggy
The EV maker accounted for a gross loss of $46 Mn for the fund, fetching a mere $510 Mn as of March 2025 against a total investment of $556 Mn
Buoyed by gains from SoftBank Vision Fund I (SVF…
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