Social Commerce Platform Meesho Raises $275 Million
In January this year, global investment firm Fidelity had marked down the value of its holding in social commerce platform Meesho, to $3.5 billion.
May 11, 2024, 12:55 PM IST
SoftBank Arm Cuts 2.17% Stake In Paytm Parent Firm One 97 Communications
With this, SoftBank affiliate SVF India Holdings (Cayman) has now a 2.83 per cent stake in the fintech company.
Mar 01, 2024, 09:18 AM IST
SoftBank Likely Sells $310 mn Worth Shares In IPO-Bound FirstCry
SoftBank sold shares amounting to around Rs 630 crore this time. In total, it has sold shares worth $310 million in FirstCry in two rounds.
Dec 26, 2023, 15:54 PM IST
SoftBank Explores Investing In OpenAI After Bumper Arm IPO: Report
Arm’s IPO is reportedly set to expand SoftBank’s war chest to as much as $65 billion. According to the report, SoftBank is also looking at making substantial investments in direct rivals of the ChatGPT maker. SoftBank said in a statement that “We do not comment on rumours.” OpenAI declined to comment on the report.
Sep 16, 2023, 19:08 PM IST
Softbank Likely To Fully Exit Zomato In Coming Months
According to sources, SoftBank has around 2.18 per cent remaining stake in Zomato which it is likely to sell via block deals.
Aug 31, 2023, 14:29 PM IST
Softbank-backed health unicorn Cerebral laying off 400 people
A memo from its CEO, David Mou said the cuts would affect employees across the company, including at headquarters and among clinical care staff and support workers.
Oct 25, 2022, 11:48 AM IST
IPO-bound OYO market valuation falls after big investor Softbank's markdown; Check details
The company, which had last year in October filed preliminary papers with Sebi to raise Rs 8,430 crore through an initial share-sale, also posted an "adjusted EBITDA" of Rs 7.27 crore in the quarter ended June 30, 2022.
Oct 05, 2022, 12:53 PM IST
Better.com CEO, who laid off 900 workers over Zoom call, sued by ex-employee
Better.com CEO Vishal Garg has been sued by a former employee, Sarah Pierce, for allegedly sharing misleading statements to investors about the firm’s financial prospects and performance.
Jun 08, 2022, 17:52 PM IST
SoftBank shares jump 10% on $9 billion buyback announcement
The company announced the buyback, long speculated by the market, after it revealed its quarterly earnings crashed to a loss amid a decline in the share prices of its portfolio companies and a regulatory crackdown in China.
Nov 09, 2021, 11:13 AM IST
Hospitality giant OYO to file for $1.2 billion IPO next week: Report
Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around $1 billion to $1.2 billion.
Sep 23, 2021, 09:43 AM IST
Swiggy closes $1.25 billion funding led by SoftBank Vision Fund 2, Prosus
This latest fundraise was heavily oversubscribed following strong interest from investors, and comes on the back of Swiggy’s rapid recovery from the impacts of Covid-19 and subsequent growth in 2020-21, said Swiggy.
Jul 20, 2021, 15:41 PM IST
OYO raises $660 million in debt to revive from pandemic blows
OYO is the first Indian startup to be publicly rated by Moody`s and Fitch, two of the leading international rating agencies.
Jul 16, 2021, 12:35 PM IST
Flipkart may get $500-600 million from THIS returning investor: Report
Flipkart is in talks with various investors to raise funding, including SoftBank that is expected to invest about $500-600 million.
Jun 04, 2021, 17:12 PM IST
Paytm reportedly eyes India’s largest IPO: All that we know so far
Paytm's parent company, One97, is expected to formally approve the IPO in a board meeting on Friday (May 28).
May 27, 2021, 18:23 PM IST
A welcome change! THIS homegrown unicorn announces 4-day week and no-questions-asked unlimited paid leaves
The decision has been taken by the homegrown hospitality giant to stand together with its employees in these tough times.
May 12, 2021, 22:55 PM IST
This company's CEO hailed as the next Steve Jobs by SoftBank head --Details here
But why did SoftBank Group Chairman Masayoshi Son compare Nvidia CEO Jensen Huang as the next Steve Jobs?
Oct 29, 2020, 12:58 PM IST
Jack Ma steps down from SoftBank board
Ma is close with SoftBank founder and CEO Masayoshi Son.
May 18, 2020, 17:03 PM IST
Grab to invest $2 billion in Indonesia using funds from SoftBank
The investment will go toward creating a next-generation transportation network and transforming how critical services, like healthcare, are delivered, Grab said in a statement.
Jul 29, 2019, 13:03 PM IST
Uber raises $1 billion from SoftBank, Toyota, Denso for self-driving unit
Uber`s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering.
Apr 19, 2019, 06:20 AM IST
SoftBank undecided on exiting Flipkart
Walmart had on Wednesday announced that it will pay about USD 16 billion to buy 77 percent stake in Flipkart.
May 11, 2018, 12:19 PM IST
