SoftBank's Upcoming IPOs to Unlock $1.5 Billion in Value

• SoftBank Vision Fund is set to gain significantly from upcoming startup IPOs in India, including Ola Electric, FirstCry, Unicommerce, and Swiggy.
• Ola Electric, FirstCry, and Unicommerce are expected to list within the next two weeks, with SoftBank holding substantial stakes in these companies.
• SoftBank's shares in Ola Electric and FirstCry are valued at about $1.5 billion, while its stake in Unicommerce is worth $42 million. In Swiggy, SoftBank's shares are valued between $700-800 million.
• The fund has invested $10.7 billion in India but has paused new investments since mid-2022, focusing instead on artificial intelligence.
• SoftBank has already cashed out over $7 billion from various exits, including $4 billion from Flipkart and partial sales in Lenskart, with significant returns from Paytm, Zomato, and Policybazaar.

Source: The Arc