To add to that, none of them make money. So far, Softbank’s sole success in India was Flipkart that got sold to WalMart last year for $16 billion. Almost all other Indian startups it invested, including Paytm, Paytm Mall, Delhivery, Grofers, Policybazaar, Ola Electric, Snapdeal, Oyo, Housing, Hike Messenger, Firstcry, among others, are still burning cash.

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