Are Mounting Losses Blocking SoftBank Investment In Indian Startups?

  • Uber and Slack’s poor performance after IPO and the WeWork setback has made 2019 a problematic year for SoftBank.
  • SoftBank was reportedly in talks with news aggregator DailyHunt and eyewear startup Lenskart with the Japanese investor planning to invest $300 Mn in Lenskart and other $200 Mn in the Bengaluru-based DailyHunt.
  • According to a Livemint report, Lenskart and DailyHunt received the final term sheets from SoftBank, but the investments are yet to come in from SoftBank’s second Vision Fund.
  • Now that SoftBank’s first fund is fully deployed with over 85% investments, any new investments will be coming from its second Vision Fund, through which it is looking to back 100 startups.

Read full article: inc42.com