


There have not been many $50 million plus investments in tech in the last 15 months. We are looking very hard," said Sumer Juneja, who spearheads SoftBank Vision Fund's bets in India https://t.co/BC6MWVDVeY via @moneycontrolcom
Done and how! #Ateam #Agame #MCStartupConclave # https://t.co/pZd7TBn5gm
š„š„Founder Investor Fit (L to R): Sumer Juneja of SoftBank, Sriharsha Majety of Swiggy, Sahil Barua of Delhivery and Sameer Nigam of PhonePe at #MCStartupConclave https://t.co/ydlNhf9rFv

SoftBank Group Corp has reported a gross loss of $544 million from its $1.6 billion investment in the fintech company Paytm, according to the latest presentation by the Japanese tech conglomerate. Despite this setback, SoftBank informed its investors that 94% of its Vision Fund portfolio companies have sufficient cash reserves to continue operations for at least a year, indicating resilience amidst a challenging funding environment. The Vision Fund, which has faced scrutiny over its investment strategies, continues to navigate the complexities of the global market. Meanwhile, SoftBank's financial performance showed mixed results with an earnings per share (EPS) of -0.4152 against a forecast of 0.41, but revenues exceeded expectations at $11.55 billion compared to the forecasted $10.47 billion.