wordpress blog stats
Connect with us

Hi, what are you looking for?

Softbank’s net income rises 500% on the back of Oyo investment, Flipkart sale

Softbank’s net income grew by 500% in the six months of FY 2018-19 ended September 30, and stands at ¥870 million, up from ¥143 million in the first six months of 2017.

Operating income from Softbank Vision Fund was ¥632,434 million compared to ¥186,238 million in the first six months of 2017, which was due to a gain of ¥146,682 million from the sale of its stake in Flipkart, its investments in Oyo and computer graphics company Nvidia Corporation.

Here’s a profile of Softbank’s investment in Indian companies:


Softbank Group has now transferred Oyo to its Softbank Vision Fund for $ 0.2 billion after originally acquiring Oyo for $ 0.1 billion in 2015.

Most recently, Softbank invested (with existing investors) $800 million via its Vision Fund in Oyo. Oyo had said that it would invest a significant part of the newly raised funds — approximately $600 million — into its China operations. Prior to this funding, Softbank has invested in Oyo twice before:

Advertisement. Scroll to continue reading.
  • $250 million in a Series D round through SoftBank Vision Fund
  • $100 million in a funding round led by SoftBank Group


Softbank pumped in $100 million into PolicyBazaar, the digital insurance platform, in June this year. The funding valued PolicyBazaar at $1 billion. Apart from Softbank Vision Fund, InfoEdge, Softbank Corp, Temasek, Tiger Gobal and others also invested in the platform.

Ola Cabs

Ola Cabs (ANI Technologies) raised $2 billion from a group of investors including Softbank in October 2017. Softbank has been an investor in Ola Cabs since November 2015, when it participated a $500 million funding round in Ola at the time.

Paytm (One97 Communications)

  • Softbank launched PayPay, a barcode-code based payments system in Japan, in a joint venture between Paytm and Yahoo Japan.
  • Softbank invested $200 million in Paytm Mall, the e-commerce arm of Paytm, bringing up its stake in the company to 21%. Earlier in April, Softbank had invested $445 million in Paytm Mall, along with Chinese internet giant Alibaba.
  • Softbank first invested $1.4 million in Paytm in January last year, the company said it would use the funding develop Paytm Payments Bank.

Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...


By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...


By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

You May Also Like


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ