SoftBank

This marks the second stake sale by the SoftBank-backed vehicle in less than a year. Between July 15 and September 2, 2025, SVF II OSTRICH sold 94,943,459 shares, reducing its stake in Ola Electric from 17.83% to 15.68%.

After the buyback, cofounders Naveen Tewari, Mohit Saxena, Abhay Singhal, and Piyush Shah now collectively own about 60% of the unicorn, according to media reports.

According to stock exchange filings, the stake sale happened through multiple open-market deals between July 15 and September 2. The sale on September 2 crossed SEBI’s 2% disclosure threshold.

SoftBank Group has officially exited its investment in Indian fintech firm Paytm by selling its Singapore subsidiary's stake in PayPay Corporation to SoftBank Vision Fund 2 for $279.2 million

Softbank-backed Cars24, an e-commerce platform for pre-owned cars, has fired close to 600 employees and called it ‘business as usual’.