All of the companies in SoftBank's portfolio, including the food delivery service Swiggy, the eyewear company Lenskart, the baby products retailer FirstCry, and the B2B commerce startup Of Business, are at various stages of preparing for their initial public offerings.

FirstCry is anticipated to submit its IPO papers by the end of 2023, according to Navneet Govil, managing partner and chief financial officer of the SoftBank Vision Fund. The total market value of SoftBank's portfolio firms is $42 billion.

According to Govil, 93% of the 473 companies in the Japanese group's portfolio have a positive cash runway of more than 12 months. After being inactive for a while due to six straight quarters of losses, the vision fund will start reinvesting again, he added.

Many of the businesses in SoftBank's portfolio have failed or been shut down. According to Govil, firms that aren't performing well have been noted and written off.

At some point when the portfolio businesses go public, SoftBank will sell its shares to make money. Govil used Uber as an example, in which investors spent $7.7 billion but have now fully pulled out.

The Japanese group most recently sold its shares in Lenskart, a company that is both public and private in India. Now, SoftBank will invest in high-growth artificial intelligence-focused businesses in India, Europe, Latin America, and the US. The minimum amount required for investments, according to Govil, will be quite high. He continued by saying that although SoftBank has more than $40 billion in cash on its balance sheet, they do not have regionally defined ambitions. They have committed $60 billion to the Vision Fund II, of which $51.5 billion has already been invested. This leaves $8.5 billion open for additional investments.

Also Read - Update on the Zee-Sony merger: NCLT will issue an order on the scheme today