SoftBank reports $7 billion Q2 loss as India bets stay mixed
In short
SoftBank posted a $7 billion loss in the second quarter.
In India, Lenskart and Meesho were valued at 6.7 times and 3.3 times the original investment, while Ola Electric stayed below cost.
What the reporting says
SoftBank posted a $7 billion second-quarter loss, while its India portfolio showed mixed outcomes, according to a CNBC TV18 Market summary. Lenskart and Meesho were valued at 6.7 times and 3.3 times their original investment, respectively, while Ola Electric remained below cost.
Why it matters
SoftBank reported a $7 billion second-quarter loss, and the source says its India investments had mixed results. Lenskart and Meesho were valued at 6.7 times and 3.3 times their original investment, respectively, while Ola Electric remained below cost.