SoftBank to get $4 bn from Flipkart – Walmart deal

SoftBank investment is paying off and its stake will be worth about $4 billion if Flipkart – Walmart deal is announced.

SoftBank through its Vision Fund, invested $2.5 billion in Flipkart and that stake will be worth about $4 billion in the deal said Masayoshi Son, chief executive officer, SoftBank Group in a briefing on Wednesday.

As per media reports, the deal values Flipkart at about $20 – 21 billion.

As of the fiscal year-end, the total acquisition cost and fair value of investments of SoftBank Vision Fund and Delta Fund was $29.7 billion and $33 billion respectively.

The following are the investees of the respective funds, as of the fiscal year ended March 31, 2018 for SoftBank Vision Fund and Delta Fund:.

SoftBank Vision Fund Investment:

1. Arm – Semiconductor technology designer
2. Auto1 Group – Used car wholesaler in Europe
3. Brain – AI-based autonomous driving system developer
4. Fanatics Holdings – Online retailer of licensed sports merchandise
5. Flipkart – e-commerce
6. Guardian Health – Cancer diagnosis through genomic analysis
7. HealthKonnect Medical and Health Technology Management Company – Managed Care Platform
8. Improbable Worlds – VR/AR development tools
9. Katerra – End-to-end design & architecture technology platform
10. MapBox – Geographical Information Portal
11. Nauto – AI-based safe-driving support services
12. NVIDIA – GPU developer
13. One97 Communications (PayTM) – Online payment services
14. Oravel Stays (OYO Rooms) – Hotel booking site
15. OSIsoft – Industrial IoT solutions
16. Ping An Healthcare Company – Online healthcare portal
17. Plenty United – Indoor farm plant
18. Roivant Sciences – Biopharmaceutical drug developer
19. Slack Technologies – Business chat tool
20. Urban Compass – Real estate big data platform
21. Vir Biotechnology – Pharmaceutical drug development for infectious diseases using AI
22. Wag Labs – On-demand dog walking & dog care app
23. WeWork Companies – Co-working space services
24. Zhongan Online P&C Insurance – Online insurance

Delta Fund Investment:

Xiaoju Kuaizhi (DiDi) – Ridesharing services

SoftBank Vision Fund made some investments through investment holding entities that are subsidiaries, but not wholly owned subsidiaries of SoftBank Vision Fund. Regardless of the ownership percentage of SoftBank Vision Fund, all investments made through the investment holding entities are calculated as investments made by SoftBank Vision Fund. Of the fair values of investments by SoftBank Vision Fund and Delta Fund at the fiscal year-end, the values attributable to shareholders other than SoftBank Vision Fund was $1.2 billion.