SoftBank VF1 reports $544 mn loss on Paytm exit, gains $65 mn on Zomato

SoftBank’s Vision Fund 1 has reported a gross loss of $544 million on its $1.6 billion investment in the fintech company Paytm, as per the latest presentation by the Japanese tech conglomerate. This disclosure follows the complete exit of SoftBank from its holdings in Paytm during the June quarter.

While the loss on Paytm is significant, SoftBank Vision Fund 1 has seen better outcomes with other investments. The fund recorded a $394 million gross gain from its $199 million investment in Policybazaar, an online insurance aggregator, which it fully exited.