Masayoshi Son

Billionaire investor and SoftBank Group Founder Masayoshi Son on Tuesday met founders and CEOs of some prominent startups during his day-long visit to the national capital, according to sources. Masayoshi Son, 65, also attended Oyo Founder Ritesh Agarwal's wedding festivities in the capital. Vijay Shekhar Sharma, Founder and CEO of digital payments platform Paytm, tweeted a photo of himself and the investor while another picture posted by him had various founders in it, including Lenskart CEO Peyush Bansal. "Ultimate joy today, seeing Masa smiling, happy and enjoying his India trip. Everyone of us had tons of gratitude for his belief and support given to our startups," Sharma tweeted. Specific details about Masayoshi Son's India visit were not immediately available, and a message sent to SoftBank Group did not elicit any response. SoftBank has been a prominent and prolific investor in the Indian startup ecosystem, pumping in an estimated USD 15 billion over the years. Some of the

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Those meeting the SoftBank boss in New Delhi will have to go through RT-PCR tests

The founder and chief executive of the world's largest tech investor bade farewell in November to the earnings presentations he's led for decades

Every quarter Masayoshi Son is forced to give metrics he doesn't believe capture the value of his firm. "We are an investment company, we're not engaged in operations," he said in August 2020

Son's stake has grown in percentage terms as a result of a recent series of massive share buybacks, a SoftBank spokesperson said

The Vision Fund segment lost 1.02 trillion yen in July-September, following a 2.33 trillion yen loss in the June quarter. Overall, the Japanese conglomerate logged net income of 3.03 trn in last qtr

While high-profile tech IPOs have met with strong demand from the growing herd of retail investors, market pros have been more neutral on the stocks

Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month

The 65-year-old entrepreneur has raised billions of dollars in cash recently and sees another startup fund as one of several possible priorities for the money

Masayoshi Son holds 17.25% of a vehicle set up under SoftBank's Vision Fund 2 for its unlisted holdings, as well as 17.25% of a unit within its Latin America fund

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Sources say it is also possible that Son may invest some money in the fund through Softbank or other vehicles, although this could not be confirmed

Shareholders looking for signs of recovery see a portfolio awash with red instead

SoftBank Group's founder and Chief Executive Officer Masayoshi Son kept his pay unchanged at 100 million yen (roughly $785,000)

The Vision Fund swung to a loss of 2.64 trillion yen ($20.5 billion) for the year ended Mar. 31, compared with a 4.03 trillion yen profit in the previous year

The slump is casting a shadow on founder and CEO Masayoshi Son's strategy of heavy concentration in high-growth stocks increasingly out of favour with investors as interest rates rise