India: SoftBank records $351m loss on Snapdeal, Ola investments

India: SoftBank records $351m loss on Snapdeal, Ola investments

Visual from the Snapdeal website.

Japan’s SoftBank Group, among the largest investors in Indian startups, has reported a valuation loss of 39.3 billion yen ($351 million) in two of its biggest bets in the country, cab-hailing firm Ola and e-commerce marketplace Snapdeal, the company said on Wednesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter