Tag "Softbank"

SoftBank agrees to a multi-billion dollar investment in Uber

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

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