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SoftBank swings to profit with help from hot Indian IPO market

CFO News

It’s a rare moment of victory for the Vision Fund, which posted two straight years of hefty losses after startup valuations collapsed, erasing its previous gains. A boom in India’s IPO market is buoying the Vision Fund, which for years struggled to win returns commensurate with its $100 billion-plus scale.

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DoorDash IPO Tops $32 Billion Valuation On Share Price Topping Expectations

PYMNTS

SoftBank-backed DoorDash priced its initial public offering (IPO) shares at $102 each on a valuation of $32.4 The new valuation makes the Silicon Valley startup the biggest individual public food delivery firm in the United States. Earlier in 2020, DoorDash had a private valuation topping $15 billion, up from $1.4

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Online Health Startup Ro Raises $200M On $1.5B Valuation

PYMNTS

Online health startup Ro is valued at $1.5 The company, which began in 2017 as a way to sell hair loss supplements, has branched into a number of health apps that work to generate around $250 million per year, not counting the insurance, according to CNBC.

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OYO May Not See Profits In China, India Until 2022

PYMNTS

India-based OYO has filed a valuation report with India’s ministry of corporate affairs indicating that the company did not expect to turn a profit until 2022, Reuters reported on Monday (Nov. The losses were six times higher in 2019 through March compared to 2018, but its revenue more than quadrupled for the same time period.

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WeWork’s IPO Flop Triggers Tech Startup Scrutiny By Investors

PYMNTS

Following WeWork ’s IPO debacle, investors want tech startups to prove profitability before seeking funds and going public, CNBC reported on Friday (Nov. Potential investors wanted to know how those companies plan to turn a profit. WeWork abandoned its IPO plans after massive losses turned off investors. billion yen ($6.5

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Monzo Reaches Unicorn Status With $1.3B Valuation

PYMNTS

mobile-only bank, now has a valuation of $1.3 billion, pushing the startup into unicorn status. Reuters , citing Monzo, reported the mobile bank said Wednesday (October 31) that it raised 85 million pounds — and as a result, has a valuation of more than $1 billion. With a valuation of $1.3 Monzo , the U.K.

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WeWork Remains Bullish Amid $1.9B In Losses

PYMNTS

On-demand workspace startup WeWork has secured significant funding from investors and has aggressive plans for global expansion, but the company’s losses are ballooning, according to reports in The New York Times this week. According to the company’s latest financial disclosure, the firm’s losses have hit $1.9