ResultsCNBC-TV18
SoftBank posts $7B Q2 loss; Lenskart, Meesho bright spots
Positive+79
GreyOak summary
SoftBank reported a $7 billion loss in Q2 due to write-downs on US AI data center equipment and derivative contracts. In India, Lenskart and Meesho emerged as strong performers with valuations of 6.7x and 3.3x their original investments, respectively, while Ola Electric declined. SoftBank also exited PolicyBazaar, Delhivery, and Zomato with profits.
What it affects
- MeeshoMEESHOPositive +79
Valued at 3.3x original investment.Rolling sentiment Positive +49
- Lenskart SolutionsLENSKARTPositive +64
Valued at 6.7x original investment.Rolling sentiment Positive +64
Source
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