After the WeWork fiasco, SoftBank and Vision Fund continue, but another success could be expected

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<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Softbank has reportedly continued to make new ones investments since then, we've been planning to save WeWork and take control of the company, but could another of his sizeable investments face a similar debacle? "data-reactid =" 11 "> SoftBank has reportedly continued to invest since it plans to rescue WeWork and take control of the company, but could another of the sizeable investments face a similar debacle?

<p class = "Canvas-Atom-Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "One of the bank's vision fund facilities will be checked about his practices and the health of his business. The New York Times reported this week that Oyo, an India-based budget hotel chain, is increasing the number of rooms listed on its website and listing rooms from unlicensed hotels. "data-reactid =" 12 "> An Investment by the Bank's Vision Fund Receives Review of Its Practices and the Health of Its Business The New York Times reported this week that Oyo, an Indian-based budget hotel chain, has counted the number on its website listed rooms and listed rooms from unlicensed hotels.

According to the report, Oyo has also encountered financial disagreements with some hotels about fees and amounts owed to the hotels.

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This is not the first time that Oyo's practices do this Ritesh Agarwal, the founder of the company, introduced a $ 2 billion investment round to his company in July by borrowing to buy shares from two existing investors, the Financial Times previously reported. The price paid at that time estimated Oyo at $ 10 billion, but the unusual financial movements caused some skepticism about the valuation, the report said. "Data-reactid =" 14 "> This is not the first time Oyo's practices have raised eyebrows Its founder, Ritesh Agarwal, made a $ 2 billion investment round in his company in July by declaring himself The Financial Times delivered shares to buy from two existing investors. According to the report, unusual financial movements met with some skepticism about the valuation.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "WEWORK'S BLOWUP IS SOFTBANK'S LATEST MONEY LOSS INSERT"data-reactid =" 15 ">WEWORK'S BLOWUP IS SOFTBANK'S LATEST MONEY LOSS INSERT

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "SOFTBANK TO "DOUBLE" IN THE FACTORY, YOU USE 80 PERCENT"data-reactid =" 16 ">SOFTBANK TO "DOUBLE" IN THE FACTORY, YOU USE 80 PERCENT

Oyo describes itself as "India's largest hotel company" and "the fastest growing hotel chain in the world".

In a statement to FOX Business, an Oyo spokesman said the company was determined to develop Oyo the right way.

"We work hard every day to ensure that our values ​​are respected by thousands of dedicated employees around the world, and we are subject to regular external audits to ensure that our Code of Conduct is properly followed," the spokesman said.

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<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "SOFTBANK FOUNDER CALLS HIS JUDGMENT "REALLY BAD" AFTER A WEWORK LOSS OF $ 4.7 BILLION"data-reactid =" 21 ">SOFTBANK FOUNDER CALLS HIS JUDGMENT "REALLY BAD" AFTER A WEWORK LOSS OF $ 4.7 BILLION

<p class = "Canvas-Atom-Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SoftBank has over 2.1 billion US dollars at Oyo Dollar invests two rounds of funding Pitchbook data. "data-reactid =" 22 "> According to PitchBook data, SoftBank has invested at least $ 2.1 billion in Oyo in two financing rounds.

But Oyo's rapid growth is associated with growing losses, the New York Times reported. Government records show the company expects to continue losing money until at least 2021.

This could mean further losses for the Vision Fund, in addition to the losses in its shares in WeWork and Uber. Plans for WeWork's IPO were dropped after the rating dropped. While the vision fund is said to be 85 percent full, major investors such as Saudia Arabia's public investment fund and Abu Dhabi's Mubadala Investment Co., which contributed almost half of the fund, did not launch a second fund last year. FOX Business has already reported.

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Even so, the Japanese bank has taken further steps for the Vision Fund by planning a $ 9.5 billion bailout for WeWork, in addition to the billions it had already invested in the startup of office space. According to PitchBook, the company participated in financing rounds totaling more than $ 4 billion in November and December. According to the report, this included an investment of $ 1.7 billion in the Indian mobile payment and commerce platform Paytm, an investment of $ 1 billion in the Chinese biotech company Beike and an investment in $ 700 million in the DoorDash food delivery app.

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<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Related articles"data-reactid =" 28 ">Related articles