SoftBank takes $600M paper loss on India listings as Swiggy, Ola Electric slide
SoftBank booked a $600 million mark-to-market loss on its India-listed portfolio in the March quarter, dragged by share price declines in Swiggy and Ola Electric. Vision Fund still posted overall gains from other holdings, but the hit underscores public-market pressure on recent India IPO bets.
What happened
SoftBank booked a $600 million paper loss on its India-listed portfolio in the March quarter, driven by share price declines in Swiggy and Ola Electric, even as
Key facts
- $600 million
Why this matters
Depressed valuations on listed Indian consumer-tech names could open secondary block deals or strategic stake opportunities as anchor holders reassess exposure.