In an interview with a well-known news source on October 22, Alex Clavel, co-chief executive of SoftBank Investment Advisers, said that India is one of the best markets for the firm's portfolio companies, as most of them are going public. In the June quarter of this year, SoftBank sold off its stake in Paytm, suffering a loss of almost $150 million, and finished its exit from PB Fintech, the parent company of Policybazaar.