According to company filings, the duo purchased 93,500 shares for approximately INR 1 crore (INR 98.96 lakh), raising their total holding to 10.85%, including direct ownership and shares held through their controlled entities.
The investment conglomerate is shifting from investing in startups valued at $5 billion to startups valued at roughly $2 billion. Additionally, it reduced cheque amounts from $1 billion to $100-150 million.
Sequoia Capital India is the top investor on the Hurun India top unicorn investors list 2020 with eight unicorns investments, followed by Softbank, Steadview Capital and Saif Partners
With Vision Fund II in sight, Softbank's portfolio companies in India and across the world are cutting jobs in order to reduce losses and shore up investor sentiment.
Softbank reportedly suffered $6.5 billion in operating losses from investments in cash-burning businesses including New York-based real estate firm WeWork, and cab-hailing service Uber.
The Japanese conglomerate is likely to announce the first close of the fund at around $30 billion in the first quarter of next year, according to a media report
When things were going well, SoftBank's glory was unprecedented and awe-inspiring.Today, it has become the bone of contention with everyone questioning it