SoftBank posts first annual profit in four years, but Ola and Swiggy weigh on Vision Fund 2 in Q4

Japanese tech conglomerate SoftBank Group booked an investment loss of $708 million for its Vision Fund 2 in the January–March quarter, citing the poor performance of Indian listed stocks as a key factor. Food and grocery delivery company Swiggy and two-wheeler manufacturer Ola Electric are the two Indian listed companies in SoftBank Vision Fund (SVF) 2’s portfolio.