In its quarterly outcomes, the tech investor famous that SVF2 made unrealised valuation positive aspects totalling $308 Mn attributable to Swiggy’s upward surge on the Indian markets
SoftBank Imaginative and prescient Fund 2 is sitting on positive aspects price $357 Mn on its preliminary funding in Swiggy, fetching a gross return of $807 Mn towards an funding price of $450 Mn
General, the Japanese tech conglomerate reported a consolidated revenue of $2.9 Bn within the April-June quarter, rebounding from a lack of $1.2 Bn throughout the identical interval final fiscal
Japanese tech investor SoftBank’s Imaginative and prescient Fund 2 (SVF2) reported wholesome valuation positive aspects within the quarter ended June 2025 on the again of rising share costs of its portfolio foodtech firm Swiggy.
In its quarterly outcomes, the tech investor famous that SVF2 made unrealised valuation positive aspects totalling $308 Mn attributable to Swiggy’s upward surge on the Indian markets. Buoyed by this, the valuation of SVF2’s public portfolio corporations mirrored a 22% sequential development within the quarter underneath evaluate.
“The achieve at SVF2 was primarily attributable to unrealised valuation positive aspects (web) totalling ¥45,508 Mn for investments held on the first quarter-end. These positive aspects have been largely attributable to share worth will increase of public portfolio corporations, comparable to Symbotic and Swiggy Restricted,” SoftBank mentioned.
Notably, SVF2 clocked $48.8 Bn in cumulative returns on $70.9 Bn investments throughout the quarter underneath evaluate, with a $22.1 Bn gross loss.
General, the Japanese tech conglomerate reported a consolidated revenue of $2.9 Bn within the April-June quarter on the again of early positive aspects from AI bets, rebounding from a lack of $1.2 Bn throughout the identical interval final fiscal.
The Swiggy Windfall For SoftBank
According to the soar within the valuation of SVF2’s listed portfolio, SoftBank is sitting on positive aspects price $357 Mn on its preliminary funding in Swiggy. The foodtech main fetched a gross return of $807 Mn for the fund on the finish of June 2025 towards a complete funding price of $450 Mn. Successfully, Swiggy closed the quarter with a gross a number of on invested capital (MOIC) of 1.5X on SVF2’s books.
In the meantime, kids-focussed omnichannel retailer added positive aspects price $311 Mn to SVF1’s listed portfolio, with a gross MOIC of two.2X. In opposition to an preliminary funding of $268 Mn, the tech main’s maiden Imaginative and prescient Fund is sitting on returns price $580 Mn on account of FirstCry.
SVF1 was additionally sitting on positive aspects price $262 Mn on account of logistics big Delhivery on the finish of June 2025. The investor clocked gross returns price $660 Mn towards an funding of $397 Mn, translating right into a gross MOIC of 1.7X.
The one laggard in SVF2’s India listed portfolio was Ola Electrical, which accounted for a gross lack of $138 Mn for the fund, fetching a mere $417 Mn as of June 2025 towards a complete funding of $556 Mn. This translated right into a gross MOIC of 0.8X.
Amid all this, SoftBank Funding Advisers’ managing associate and CFO, Navneet Govil, mentioned that the funding kind had a robust pipeline of Indian portfolio startups slated to go public
“What we’re starting to see is a few issues, one is a really robust pipeline of IPOs (from SVF2). As Goto-san (SoftBank CFO Yoshimitsu Goto) talked about in his presentation, there are a variety of upcoming IPOs… (from) our India portfolio – Meesho, Lenskart, and the fintech portfolio total,” added Govil.
Govil additionally mentioned that SoftBank’s India portfolio was doing effectively, including that the funding main will proceed to see “worth being unlocked” by its fintech investments.
It’s pertinent to notice that SoftBank has reportedly funded almost a fifth of India’s 100+ unicorns and is alleged to have invested greater than $10 Bn in India to this point.
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