SoftBank plans to sell shares worth $200 million in Paytm as lock-in ends

Moneycontrol earlier reported that SoftBank, whose holdings in Paytm, Policybazaar and Delhivery are currently worth $1.8 billion, will pare its stakes gradually over the next two years so as to not trigger a panic selling as the lock-in for pre-IPO investors in the three companies expires over the next 10 days, according to people familiar with the developments.

SoftBank had cumulatively invested around $2.2 billion in these three companies and offloaded shares worth $560 million at their initial public offerings (IPO). This means that it is sitting on a net gain of around $160 million from these bets.

The Japanese venture fund, however, is sitting on 2X gains from its investments in Delhivery and PB Fintech, the parent company of insurance aggregator Policybazaar.

SoftBank had invested around $199 million in Policybazaar, sold shares worth $250 million in its IPO last year, and its remaining stake of 10-11 percent is worth around $220 million.

It had invested around $380 million in Delhivery, offloaded shares worth $75 million in its IPO, and its current holding of more than 18 percent stake in the logistics company is worth around $670 million.

The Masayoshi Son-led company has invested around $11 billion in Indian start-ups through its two Vision Funds and had made bets of about $3.5 billion prior to that.