Rajeev Misra Steps Down as SoftBank Vision Fund CEO

Swiggy's upcoming IPO aims to unlock Rs 9,000 crore in employee stock ownership plan (Esop) wealth, benefiting approximately 5,000 employees, making it one of the largest wealth creation events in India's startup ecosystem. Meanwhile, Rajeev Misra has announced his departure from his co-CEO role at SoftBank's Vision Fund after a tumultuous tenure characterized by both monumental successes and significant failures in investments. The Vision Fund, which raised nearly $100 billion, gained notoriety for high-profile failures such as WeWork and Katerra. Following Misra's exit, Alex Clavel will assume sole leadership of SoftBank Investment Advisors and Global Advisors. Misra previously stepped back from his executive roles in 2022, focusing on his own investment fund, One Investment Management. His departure marks the end of a significant chapter for SoftBank as it navigates the evolving landscape of technology investments.