Tag "Softbank"

Baidu Joins Forces with Softbank’s SB Drive, King Long to Bring Apollo-Powered Autonomous Buses to Japan

By : CIOL Bureau

Baidu, Inc., SB Drive, a subsidiary of Softbank dedicated to self-driving technology research, and King Long, a leading commercial vehicle manufacturer in China, today announced a strategic partnership to jointly develop and deploy a version of the Apolong self-driving mini

Paytm Mall now a unicorn; gets Rs 3Kcr from SoftBank & Alibaba

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

By : CIOL Writers

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

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