SoftBank’s Vision Fund 2 Plans to Begin Investing as Soon as Next Month

TOKYO—The sequel to the world’s biggest technology investment fund could start investing billions of dollars as early as next month, SoftBank Group Corp. 9984 -2.72% said as it reported strong growth in its original fund.

SoftBank on Wednesday said its profit from the existing Vision Fund jumped 66% in the April-June quarter from a year earlier. Unrealized gains from Indian budget hotel booking company Oyo, San Francisco-based workplace-messaging service Slack Technologies Inc.and food-delivery service DoorDash Inc. helped to offset valuation falls in ride-hailing company Uber Technologies Inc. and other investments, the company said.