 "Sarthak Misra, partner at SoftBank")
SoftBank’s early India bets are beginning to deliver. The Japanese investor, which clocked nearly 5.4x returns on Lenskart and chose to stay invested in Meesho ahead of its public listing, has so far returned close to $7 billion from India to its global investors.
And, another $3 billion is in liquid holding in the Indian public markets.
Sources confirmed that SoftBank’s investment in value ecommerce player Meesho is sitting at 2x. The firm had invested first at a $2-billion valuation and made a follow-on investment at $3.75 billion.
Post Meesho’s listing, the firm's public holding will be close to $4
