Tag "Softbank"
Paytm Mall now a unicorn; gets Rs 3Kcr from SoftBank & Alibaba
While Paytm has been busy revamping its app, its e-commerce subsidiary Paytm Mall has gained coveted unicorn status after raising around Rs 3000 crore from Japan’s SoftBank and Chinese e-commerce giant Alibaba Group. SoftBank will invest Rs 2,600 crore in
Grofers looks to bolster supply chain with new funds
Online grocery startup, Grofers has raised Rs 400 crore in a fresh funding round led by SoftBank. The company says that the new funds will be utilised to build more private labels and improve supply chain. Tiger Global, the New York-based
Paytm Mall looking to raise $600M from SoftBank
Paytm Mall is in talks to raise $600 million from SoftBank and others at a valuation of over $2 billion, according to a report in Business Standard. Citing sources, the report says that the round will see participation from SoftBank, Singapore
Didi Chuxing and SoftBank partner to launch taxi-hailing service in Japan
Chinese ride-hailing firm Didi Chuxing has teamed up with Japan’s SoftBank to roll out a taxi-hailing venture in Japan. The development first reported by Reuters stated that, the new venture will directly compete with Uber in Japan. The two companies expect
SoftBank reports 11-fold increase in profit for Q3
Japanese firm SoftBank reported an 11-fold increase in profit for the third quarter in the fiscal year 2018. SoftBank, which also owns stakes in Chinese e-commerce giant Alibaba and British computer chip and software giant, Arm, said its October-December profit was
Softbank invests €460M in car dealer platform Auto1
Japanese conglomerate SoftBank has agreed to invest €460M ($561 million) in Berlin-based online car dealer Auto1. The investment will be made through Vision Fund, a $93bn technology fund that SoftBank and its founder Masayoshi Son manage. Berlin-based Auto1, founded in 2012, buys
Uber finally closes SoftBank’s multi-billion dollar investment
Uber has finally closed a multi-billion dollar investment deal led by Japanese conglomerate SoftBank. In a process known as a tender offer, which allows outsiders to buy shares in a private company at a mutually agreed upon price, some Uber employees,
SoftBank offers to buy Flipkart shares at lower valuation
SoftBank has offered to buy additional shares in Flipkart but at a reduced valuation in the range of $9 billion to $10 billion, Livemint reported on Thursday. Citing sources, the report said the Japanese conglomerate offered to buy Flipkart shares from investors and former and
SoftBank agrees to a multi-billion dollar investment in Uber
Uber has confirmed that SoftBank has agreed upon a multi-billion investment in the ride-hailing company bringing months-long negotiations closer to their end. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this
Grab raises $700M in debt funding to expand its car rental program
Uber’s Southeast Asian rival Grab has raised up to $700 million in debt financing from unnamed global and regional banks, the company announced over the weekend. Grab, whose leasing programme helps in growing its driver network, said it would have the largest car
AI startup Petuum secures $93mn from SoftBank
SoftBank has invested $93 million in an AI startup named Petuum, that simplifies the use of machine learning or deep learning at a large scale for companies. In addition to SoftBank, the round included participation from returning investor Advantech Capital and
Ola said to be raising $2B from SoftBank, Tencent and others
While its competitor Uber is battling serious issues both inside and outside the company, Ola, India’s largest ride-hailing firm is raising over $2 billion from a group of investors, including Japan’s SoftBank and Tencent Holdings, Bloomberg reported. The first part of
OYO secures $250M in Series D funding led by SoftBank Vision Fund
Hotel aggregator OYO has secured $250 million in Series D funding led by SoftBank Vision Fund. Existing investors Sequoia India, Lightspeed Venture Partners, and Greenoaks Capital participated in the round, while Hero Enterprise joined in as a new investor. OYO recently moved
Flipkart raises whopping $2.5bn from SoftBank’s Vision Fund
Flipkart has raised an estimated $2.5 billion from SoftBank Vision Fund, making it the biggest-ever private investment in an Indian technology company. The investment also makes SoftBank Vision Fund one of the largest shareholders in Flipkart, according to an official statement. “This
Grab raises $2B from China’s Didi and SoftBank to take on Uber
Earlier this month there were reports about Grab raising nearly $2 billion from China’s Didi Chuxing and SoftBank. The deal has finally happened. The Singapore-based company has secured $2 billion and is expecting to raise an additional $500 million from existing and
Ola invest Rs 100cr into its car leasing business
Cab aggregator Ola has invested Rs 100 crore in its car leasing arm Ola Fleet Technologies, according to documents filed with the Registrar of Companies (RoC). The proposal for Ola investing additional money into Ola Fleet Technologies was accepted by the board
WeWork is expanding to Japan in partnership with SoftBank
WeWork would be launching its co-working spaces in Japan thanks to a joint venture with SoftBank. According to their agreement, SoftBank and WeWork will each own 50 percent of the joint venture. WeWork which rents desks in co-working spaces and
Grab raising $2B from SoftBank and China’s Didi: Report
Uber’s biggest rival in Southeast Asia, Grab is said to be raising nearly $2 billion from SoftBank and China’s ride hailing firm Didi Chuxing, the Wall Street Journal reported. The deal which could be finalized in next few weeks could
Ola raises $50mn funding from New York-based hedge fund
India’s largest cab-aggregator Ola has raised additional $50 million funding led by US-based hedge fund Tekne Capital Management. The funding round also saw the participation from Ratan Tata’s venture fund RNT Capital Advisors and US hedge fund Falcon Edge as per a report by
SoftBank is buying Boston Dynamics and Schaft from Alphabet
Japanese Internet major, SoftBank has announced that it is acquiring two robotics companies from Alphabet namely Big Dog developer Boston Dynamics and the secretive bipedal robotics firm Schaft to add to its artificial intelligence portfolio. “Smart robotics are going to be a key
