Tag "Softbank"

SoftBank closes first round of Vision Fund at $93 billion

By : CIOL Writers

SoftBank’s $100 billion investment fund has announced its first close at massive $93 billion from a slew of investors including  Apple, Qualcomm, UAE-based Mubadala Investment Company, Saudi Arabia’s PID public fund, Foxconn, and Foxconn-owned Sharp. The investment vehicle christened Vision fund will be headed by Rajeev

SoftBank invests whopping $1.4bn in Paytm, now worth over $8bn

By : CIOL Writers

Falling in line with the recent rumours, Japanese leading Internet and telecom major SoftBank has invested whopping $1.4 billion in Paytm’s parent company, One97 Communications Limited. This is apparently the largest funding round scored by a digital startup from a single investor in

Ola reportedly clips investors’ rights to strengthen Founders’ rights

By : CIOL Writers

Seeing the growing clout of SoftBank in the Indian startup industry, cab-aggregator Ola has reportedly decided to restrict investors’ rights and strengthen those of its founders. To that effect, Ola has made some crucial changes in its shareholder terms as a protectionist

Flipkart reportedly makes an offer of $1bn to acquire Snapdeal

By : CIOL Writers

While SoftBank and other key shareholders continue to negotiate the terms of the deal, Flipkart has in the meanwhile made an informal offer of $1 billion to buy Snapdeal in an all-stock deal, reports Livemint. Flipkart’s offer is a non-binding one and

Paytm reportedly to buy FreeCharge at 80pc discount

By : CIOL Writers

Snapdeal may have finally found a buyer for its payments solution arm, FreeCharge. Paytm has signed a ‘non-exclusive agreement’ to acquire FreeCharge in an all-cash deal, reports Economic Times. Citing people in the know of the things, the report said that Alibaba-backed

OYO expands international presence to Nepal

By : CIOL Writers

Just after a year of announcing its international foray in Malaysia, online hotel aggregator OYO Rooms has now expanded its presence in Nepal with the launch of its first hotel in Kathmandu. OYO Founder and CEO Ritesh Agarwal said, “OYO has been at the

Oyo Rooms reportedly closes $250mn financing round led by SoftBank

By : CIOL Writers

Online hotel booking platform, OYO Rooms is reportedly closing a $250-million financing round led by its existing investor SoftBank. The latest funding will be used to expand company’s reach further and for growing new formats like OYO Townhouse for which the

Ola eyeing another $100mn to expand operations

By : CIOL Writers

Local cab aggregator Ola is looking to raise another $100 million from investors, four months after it raised about $250 million from SoftBank Group, according to regulatory filings sourced from market research firm Tofler. As per the documents,  Ola’s board

SoftBank reportedly to invest $1.5 bn in Paytm

By : CIOL Writers

Japanese Internet major and investor SoftBank is reportedly in talks to invest $1.2-1.5 billion in Vijay Shekhar Sharma’s Paytm, reports Livemint. If the discussions materialise, the deal could value the One97 Communications Ltd-owned company at $7-9 billion, the report says, citing three people

Ola raises $250mn from SoftBank in a down round

By : CIOL Writers

Ola raised $250 million in fresh funding from Japanese telecom and internet major SoftBank last year, as per the documents filed with the Ministry of Corporate Affairs (MCA). However, the company is yet to make an official announcement of the same.

SoftBank initiates truce between Snapdeal’s investors paving way for sale to Flipkart

By : CIOL Writers

Looks like Snapdeal may finally find a shore for itself soon as its three biggest investors—SoftBank Group Corp., Kalaari Capital and Nexus Venture Partners have decided to bury the hatchet, making way for a proposed sale of the e-tailer to one of its

SoftBank is acquiring Fortress Investment Group for $3.3bn

By : CIOL Writers

In a bid to broaden its business strategy, and its portfolio of investments, Japan’s SoftBank has announced that it is buying asset manager, the Fortress Investment Group for $3.3 billion in cash. The investment group has significant holdings in Lyft,

Another senior executive, Tony Navin quits Snapdeal after a seven-year stint

By : CIOL Writers

Barely two days after we heard about Snapdeal’s two senior executives- Abhishek Kumar and Sandeep Komaravelly quitting the firm, comes another piece of news about one more top level exit in the form of Tony Navin, head of partnerships and

SoftBank’s Q3 operating profit rises 71pc on the back of Sprint

By : CIOL Writers

Tokyo-based telecom and Internet giant, Softbank has posted its third quarterly earnings and even though the company managed to beat the expectations by a margin, it has reported a loss of $351 million in two of its biggest bets in

Softbank upgrades White Cloud SmartVPN

MUMBAI, INDIA: Telecom network operator Softbank is upgrading its networking infrastructure to deploy upgraded architecture of its White Cloud SmartVPN. With the upgrade, Softbank will offer a differentiated network service with a selection of multi-vendor networking equipment offerings to enterprise