Friday, 24 March, 2023

SoftBank likely to cut startup investments by more than 50% in FY 23

<p>SoftBank&#39;s startup investments could be cut in half by FY 2023, according to Masayoshi Son, &nbsp;company&#39;s CEO. The move comes after a poor year for the Japanese conglomerate, which saw its Vision Fund unit post a record loss of $20.5 B for the fiscal year ending March 31. A year ago, the company generated a record quarterly profit. Last year, the company invested more than $3 B in India, and had intended to invest up to $5 B this year.<br /> &nbsp;</p>