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Softbank: Fair value of SoftBank's India investment across Vision Funds up 9% at $14 billion

SoftBank swung into profits for the first time in five quarters with a net profit of over $6 billion for the three months ended December, aided by a stock rally in listed firms from Vision Fund I. The investor made a full exit from Zomato and Policybazaar during the year along with PhonePe which was part of the dividend payout from the Flipkart investment. ....

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Khyaal: Senior citizen app Khyaal raises $4.2 million from 62 Ventures, others

The funds will be used to strengthen the company s foothold in its current regions, enhance market penetration and explore new markets. “We are seeing a lot of new people joining from places like Kerala, Coimbatore and so on. We want to also come out and have regional language options on the app,” founder and chief executive of Khyaal, Hemanshu Jain, told ET. ....

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