Nearly 50% Indian startups in SoftBank’s portfolio break even or close to it: Report
Shortpedia
Content Team
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About 50% of Indian startups in the portfolio of Japanese investor SoftBank are close to breaking even or above it, as per a note by investment bank Bank of America (BofA). The portfolio companies did a ‘good job’ in cutting costs materially in the last six-nine months at a time when startups are grappling with a funding winter amid macroeconomic headwinds, Moneycontrol cited BofA as saying in the note.
