Softbank Group writes off $555m in India's Ola, Snapdeal investments

Softbank Group writes off $555m in India's Ola, Snapdeal investments

Photo: Bloomberg

Japan’s Softbank Group Corp. has written-off close to $555 million (¥58.1 billion) in two of its biggest investments in India—cab hailing firm Ola (ANI Technologies Pvt. Ltd) and e-commerce marketplace Snapdeal (Jasper Infotech Pvt. Ltd), the company said in its six monthly earnings report.

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