https://themorningcontext.com/internet/what-does-softbank-know-about-india-that-others-dont
Softbank is looking to offload India investments at any cost.
You are not missing anything, it is an extremely shoddy article with the first half saying masa has not invested any money in India this year and the second half drawing on Sharechat's valuation woes. They have also qouted a cassandra from Linkedin as if it is gospel. I am not certain how to upload a pdf, but you can create a 10min email and read it for free.
+1
Softbank (and likes of Tiger) have made series of bad investments for them to make new ones. They seriously pushed for the ARM ipo because that would leave them with cash.
I wouldn't take Softbank not investing in India seriously as they have to get their sh8t together first.
The article will not tell you anymore than the headline did. This is just their bait to get the sign up. There is nothing of substance mentioned in the article.
My personal view: SoftBank pulling out of India is more of a SoftBank issue than an India issue
In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League.
The Deal:
Apparently Mutual Funds were a cock block for investments and exits😅 Link to Tweet: https://twitter.com/chandrarsrikant/status/1745315724858736708
https://anonymfile.com/NEEXl/tiger-global-draft-of-new-yorker-story-doing-the-rounds-in-nyc.pdf
TLDR: Tiger Global may pass soon.
A few summary points: - LP risk is over exposed to VC funds (Tiger, for these LPs) - Tiger has had abysmal investment...
Been spending way too much time on Grapevine lately - absolutely loving it @Micheal_Scott!
Posted the Prosus report takeaways yday - lots of you DMed asking questions. Then I saw NewsAnchor break down the entire Prosus Annual Report -...