SoftBank Group has announced its results for the quarter ended March 2016. The company gave updates on several of its marquee investments in India including Snapdeal, Ola, OYO Rooms and Hike Messenger. Curiously missing in the list was Housing. SoftBank stayed silent on this investment even though it is a majority shareholder in the company and had extended Rs 100 crore towards them in January. Here is a look at the companies performance and their financials: Snapdeal SoftBank's presentation said that Snapdeal's gross merchandise value (GMV) had grown 90% year-on-year. However, it does not provide any absolute figures to make an accurate comparison. A Business Standard report mentioned that Snapdeal had a gross merchandise value (GMV) of $2 billion at the end of 2014. In September 2015, Kunal Bahl, CEO of Snapdeal, had said they would beat rival Flipkart's GMV of $10 billion by March 2016, as indicated by this story in Economic Times. From the ROC filings: Jasper Infotech, which runs Snapdeal, showed losses of Rs 1328 crore for the year ended March 2015. This was a sharp increase from Rs 264.6 crore from the previous year. Cash and bank balances stood at Rs 1,299.7 crore. Ola This year, SoftBank showed that the estimated arrival time of Ola cabs had improved by 55%. This was a departure from the preceding quarter where it provided data (albeit without absolute numbers) on its quarterly bookings. In the previous quarter, SoftBank said that Ola's bookings increased 10 times from the same quarter last year.…
