SoftBank’s India-listed portfolio accounted for about 15% of the loss on public holdings at its Vision Fund in the January-March quarter, underscoring the drag from a sharp correction in some of its recent bets here.
The Japanese investor net recorded mark-to-market investment losses of more than $600 million in the first quarter of 2026, according to the SoftBank Group’s latest earnings disclosures. Barring eyewear retailer Lenskart, where SoftBank registered a roughly $100 million gain, all of its currently listed Indian portfolio companies, including Swiggy, Ola Electric, Meesho, Delhivery and FirstCry, lost market value during the period.
