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SoftBank Vision Fund Sells Stakes in Indian Companies

In the current fiscal, SoftBank Vision Fund, the venture capital arm of the SoftBank Group, has sold stakes in its portfolio of listed Indian companies such as Paytm, Zomato, PB Fintech, the parent of Policybazaar, and Delhivery, among others. The stake sale comes as the SoftBank Group’s flagship Vision Fund incurred an investment loss of $3.86 billion (excluding gains on bets in subsidiaries) in the six months ended September 30, 2023, due to lower share prices of its listed portfolio companies and valuation markdowns of its private portfolio companies.

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Stake Sale Paves Way for Family Offices and Investment Firms

The stake sale by SoftBank in FirstCry has paved the way for family offices and investment firms to pick up shareholding in the firm ahead of the IPO. Recently, Infosys co-founder Kris Gopalakrishnan, TVS group family, Ravi Modi of ethnic wear brand Manyavar, and Family offices of Indian cricketer Sachin Tendulkar invested in the company, as per the report.

AI legalese decoder can aid in facilitating these investment transactions by providing comprehensive legal analysis and due diligence, ensuring that the interests of all stakeholders are protected and the investment process is carried out smoothly and efficiently.

Notable Investors in FirstCry

Among others, MaricoÔÇÖs Harsh MariwalaÔÇÖs Sharrp Ventures, Manipal GroupÔÇÖs Ranjan PaiÔÇÖs MEMG Family Office, and Hemendra Kothari’s DSP family office also picked shares in FirstCry.

The sophisticated AI legalese decoder can assist these notable investors by offering detailed legal interpretations and insights, enabling them to make informed decisions and navigate complex legal matters associated with their investment activities.

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