OYO plans IPO after September, may settle for lower valuation

OYO's move to launch the IPO after the September quarter is mainly driven by the expectation of improvement in its financial performance and the current volatile nature of the market, they said.

published on : 24th May 2022

SoftBank reports record loss as tech shares tank

The Japanese group's losses were deepened by the many shares it holds in Chinese ride-hailing giant Didi Chuxing and e-commerce group Alibaba, which have been hit by a crackdown by Beijing.

published on : 12th May 2022

Unacademy lays off 10% of its workforce

Edtech unicorn Unacademy, which recently launched an experience centre- Unacademy Store, has laid off nearly 600 employees, almost 10% of its workforce.

published on : 8th April 2022

E-commerce platform Meesho targets to reach 12 lakh sellers by end of 2022

With an aim to onboard more sellers, the internet commerce platform is also investing in making the seller app and all of the tools in 10-12 different languages.

published on : 23rd March 2022

SoftBank executive leaves Paytm, Policybazaar Boards

According to a person aware of the development, there will be no change in investment made by Softbank in Paytm and Policy Bazaar.

published on : 16th March 2022

Softbank representative to step down from boards of Paytm, Policy Bazaar

Softbank managing partner Munish Verma is currently a board member in both Paytm and Policy Bazaar who will step down from the position within a couple of days.

published on : 15th March 2022

SoftBank in talks for six months with Tatas, Mahindra for stake buy in subsidiary: Investor

As per an August 2021 report, Tatas were looking to raise up to USD 5 billion as they go about building a 'super app' which will help it compete with the likes of Amazon and Reliance Jio.

published on : 12th March 2022

SoftBank-backed GlobalBees turns unicorn after raising USD 111.5 million in series B funding

The company plans to use the proceeds to further strengthen its product portfolio and expedite its efforts towards product innovation, customer experience, hiring talent and scaling companies.

published on : 30th December 2021

IPO-bound Ola raises USD 500 million via Term Loan B

The Softbank-funded firm is in talks to raise over USD 1 billion in funding through a mix of equity and debt over the next few months as it prepares to launch its IPO next year.

published on : 17th December 2021

Believe in bright future of India, passion of its young entrepreneurs: Investor Masayoshi Son

Outlining SoftBank's commitment to India, Son said this year alone, the group has invested USD 3 billion in the country.

published on : 3rd December 2021

Unacademy raises USD 440 million funding, valued at $3.44 bilion

The development indicates strong investor interest in the edtech space that has gained immensely from rapid digital adoption, especially during the pandemic.

published on : 2nd August 2021

Unacademy raises USD 440 million in fresh funding, currently at USD 3.44 billion valuation

Over the last 18 months, the valuation of the Unacademy Group has risen almost 10X, one of the fastest growth rates witnessed by a mid-stage consumer internet startup in India, the statement said.

published on : 2nd August 2021

Walmart to buy controlling stake in Flipkart for USD 16 billion

Walmart warned that it expects the deal to hit its fiscal 2019 earnings per share by 25 cents to 30 cents, if the deal closes as expected before the end of the second quarter.

published on : 9th May 2018

Walmart inches closer to sealing deal with Flipkart 

Sources said all major investors in Flipkart, including SoftBank of Japan, are more or less on board with Walmart's purchase and the deal could be announced in the coming days.

published on : 3rd May 2018

SoftBank Fund may invest up to USD 2 billion in Flipkart

SoftBank, through SoftBank Vision Fund, is in discussions with Flipkart to invest between USD 1.5-2 billion, according to industry sources.

published on : 1st August 2017
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