After Berkshire Hathaway, Softbank exits Paytm at loss of around $150 million

Japan’s Softbank investment division Softbank Vision Fund left Paytm in the June quarter at a loss of almost $150 million, PTI reported. “Softbank has exited Paytm at a loss of 10-12 per cent. The total loss is around USD 150 million,” one of the sources said.

In 2017, Softbank made incremental investments totaling over $1.5 billion in One97 Communications, the company that owns the Paytm brand. A little over 18.5 per cent of Paytm was owned by Softbank prior to the company’s 2021 IPO. It owned 1.2 per cent of the company through SVF Panther (Cayman) Ltd. and 17.3 per cent through SVF India Holdings (Cayman) Ltd. During the IPO, SVF Panther sold all of its shares for Rs 1,689 crore, or around $ 225 million.