SoftBank Cashes Out $7.4 Billion in India as Portfolio Value Holds at $13.7 Billion

SoftBank’s latest disclosure highlights continued monetisation of its India portfolio alongside strong valuation gains in select listed and private investments. 

$7.4 Billion Realised Across 24 India Bets 

SoftBank has realised cumulative proceeds of $7.4 billion from its India investments, while the current value of its holdings stands at $13.7 billion as of December 31.  

The group has made 24 investments in India through its Vision Funds, with 8 portfolio companies listed and 4 full exits completed. Among the exits contributing to proceeds are Flipkart, Paytm and Policybazaar. 

Meesho And Lenskart Drive Valuation Gains 

SoftBank’s $300 million investment in Meesho is currently valued at $800 million, implying a 2.8 times gross multiple. The company reported 199 million annual transacting users, $3.6 billion in net merchandise value, and $1.1 billion in revenue in 2025. 

In Lenskart, SoftBank invested $300 million, with the holding now valued at $1.3 billion, representing a 4.8 times gross multiple.  

Lenskart recorded 12.4 million transacting customers, operated over 2,700 stores, sold 27 million units, and grew revenue from $461 million in FY23 to $778 million in FY25, reflecting roughly 30% annualised growth. 

Private Holdings and Group Performance 

SoftBank continues to hold stakes in privately held firms such as Oyo, OfBusiness, InMobi, Unacademy, Whatfix and Zeta across software, ecommerce, fintech, mobility and edtech sectors. 

At the group level, SoftBank reported a net profit of $1.6 billion in the December quarter, marking its 4th consecutive profitable quarter. The Vision Fund segment recorded a $2.4 billion gain, supported by valuation increases in investments including OpenAI. 

Read More: SoftBank-Backed Icertis Explores Potential $5 Billion Sale with Goldman Sachs! 

Conclusion 

SoftBank’s India portfolio continues to deliver monetisation and valuation gains, with $7.4 billion realised and $13.7 billion in remaining holdings as of December 31. 

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