SoftBank posts first annual profit in four years, but Ola and Swiggy weigh on Vision Fund 2 in Q4

Japanese tech conglomerate SoftBank Group booked an investment loss of $708 million for its Vision Fund 2 in the January–March quarter, citing the poor performance of Indian listed stocks as a key factor. Food and grocery delivery company Swiggy and two-wheeler manufacturer Ola Electric are the two Indian listed companies in SoftBank Vision Fund (SVF) 2’s portfolio.

“…some slowdown and drop in share price in portfolio in India was one of the reasons for that (loss on investments in SVF-2). Hopefully, we will be able to see some good recovery…