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SoftBank likely to fully exit Zomato in coming months Japanese investment giant SoftBank, which sold nearly 10 crore shares in Zomato, amounting to an 1.17 per cent of the company’s equity, is planning to fully exit the online food delivery platform in next few months. According to sources, SoftBank has around 2.18 per cent remaining stake in Zomato which it is likely to sell via block deals. Money Control was first to report about the development. SoftBank bought Zomato stake in June last year for around Rs 71. For the company, Z...
SoftBank likely to fully exit Zomato in coming months
SoftBank likely to fully exit Zomato in coming months
Source: IANS
31/08/2023 12:48:02 PM
SoftBank likely sold 10 cr shares in Zomato for Rs 947 cr, stock up   Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of the company’s equity, changed hands on Wednesday at a total deal value of around Rs 947 crore. Japanese company SoftBank’s SVF Growth Fund is the likely seller in this mega transaction, according to CNBC TV18. The report had earlier said that SVF Growth Fund may sell 10 crore shares of the company or 1.17 per cent of the total equity via block deals at Rs 94 per share. ...
SoftBank likely sold 10 cr shares in Zomato for Rs 947 cr, stock up
SoftBank likely sold 10 cr shares in Zomato for Rs 947 cr, stock up
Source: IANS
30/08/2023 12:58:46 PM
Japan`s SoftBank will likely sell shares in India`s Zomato Japan's SoftBank Group will likely sell shares in Indian food delivery firm Zomato as the lock-in for investors post the company's acquisition of Blinkit ends on Aug. 25, CNBC-TV18 reported on Friday, citing sources. Zomato, which acquired the quick grocery-delivery startup Blinkit for 44.47 billion rupees ($538.05 million) last year, had issued a 3.55% stake to investor Softbank as part of the deal. U.S.-based firms Sequoia and Tiger Global, who were investors in Blinkit, had a...
Japan`s SoftBank will likely sell shares in India`s Zomato
Japan`s SoftBank will likely sell shares in India`s Zomato
Source: Reuters
25/08/2023 2:31:51 PM
Softbank-owned chip design company Arm set for year`s biggest IPO British chip design company Arm, owned by Japanese investment giant SoftBank, has filed for an IPO listing with Nasdaq, which is touted as the year’s biggest. Analysts expect Arm’s IPO to be the biggest of 2023. Last month, Bernstein analysts assessed Arm’s fair-market value to be about $40 billion, reports TechCrunch. SoftBank recently acquired a 24.99 per cent stake in Arm, reportedly at a valuation of more than $64 billion. Arm has developed and licensed high-...
Softbank-owned chip design company Arm set for year`s biggest IPO
Softbank-owned chip design company Arm set for year`s biggest IPO
Source: IANS
22/08/2023 11:30:53 AM
SoftBank reports unexpected loss of $3.3 bn in Q1 Japanese investment giant SoftBank on Tuesday reported an unexpected loss of 477,616 billion yen ($3.3 billion) in the first quarter (Q1) covering April-June, despite an investment gain from its massive tech-focused Vision Fund. The Vision Fund investment unit, through which SoftBank invests in high-growth technology companies, reported a profit of $1.1 billion in the June quarter, reports CNBC. The company, which has been reducing its stake in Alibaba in order to recoup losses from las...
SoftBank reports unexpected loss of $3.3 bn in Q1
SoftBank reports unexpected loss of $3.3 bn in Q1
Source: IANS
8/08/2023 2:42:24 PM
GST officials search UpGrad offices, edtech unicorn says 'routine survey' Goods and Services Tax (GST) Department officials made searches at Ronnie Screwvala-founded edtech unicorn upGrad offices on Wednesday. The company said that it was a “routine survey”. In a statement to IANS, Koell Hemdev, Head of Legal at upGrad, said that it is a “routine survey” and “we are fully compliant and cooperating with the GST Department”. Backed by investors such as Temasek, James Murdoch’s Lupa Systems, and World Bank’s Intern...
GST officials search UpGrad offices, edtech unicorn says 'routine survey'
GST officials search UpGrad offices, edtech unicorn says 'routine survey'
Source: IANS
19/07/2023 5:53:16 PM
Omron to open first Indian medical devices plant in Tamil Nadu  Japan's Omron will open its first medical device factory in India in the southern state of Tamil Nadu, two local government sources with direct knowledge said on Monday, the latest foreign manufacturer to set up operations in the region. Omron will make devices including blood pressure monitors and will invest nearly 1.3 billion Indian rupees (about $15.7 million) to set up the plant, the sources said, declining to be identified ahead of an official announcement later on Tuesday....
Omron to open first Indian medical devices plant in Tamil Nadu
Omron to open first Indian medical devices plant in Tamil Nadu
Source: Reuters
30/05/2023 10:46:42 AM
India`s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak India's Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters. Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp and Tiger Global Management, and was valued at $5 billion in its last fundraise in 2022. More investment banks are likely to be added closer to the deal, the ...
India`s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak
India`s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak
Source: Reuters
25/05/2023 2:51:09 PM
Ex-SoftBank veteran Manoj Kohli joins WeWork India as independent Board Director  Flexible workspace provider WeWork India on Monday announced the appointment of Manoj Kohli, former Country Head of Softbank India, Softbank Group International, as an independent Director to its Board. Anthony Yazbeck, President and Chief Operating Officer, WeWork Inc, has also joined the Board. Kohli supported the SoftBank Group and Vision Fund in investing $15 billion in over 25 AI-focused portfolio companies in India. He has also aided entrepreneurs and CEOs of key players ...
Ex-SoftBank veteran Manoj Kohli joins WeWork India as independent Board Director
Ex-SoftBank veteran Manoj Kohli joins WeWork India as independent Board Director
Source: IANS
22/05/2023 1:53:37 PM
SoftBank Vision Fund loses massive $32 bn as tech startups bleed Japanese investment giant SoftBank has posted a record $32 billion loss at its Vision Fund for the fiscal year that ended in March 2023, as funding winter continues amid global macroeconomic conditions. As tech startups valuations continue to dip, the Vision Fund vertical posted a 4.3 trillion Japanese yen (about $32 billion) loss for its fiscal year. "The fair value of a wide range of private portfolio companies also decreased, reflecting markdowns of weaker-performing companies a...
SoftBank Vision Fund loses massive $32 bn as tech startups bleed
SoftBank Vision Fund loses massive $32 bn as tech startups bleed
Source: IANS
11/05/2023 2:12:01 PM
Softbank offloads 3.8% stake in Delhivery for Rs 954 cr Japanese investment giant Softbank has offloaded 3.8 per cent of its stake in fully-integrated logistics service provider Delhivery for Rs 954 crore. The Japanese fund, going through a bad patch, had invested around $380 million (about Rs 3,100 crore) in Delhivery. According to data available at the Bombay Stock Exchange (BSE), SoftBank sold shares worth Rs 954 crore in Delhivery in a bulk deal at Rs 340 apiece. Saudi Arabian Monetary Authority, City of New York Group Trust, Societe ...
Softbank offloads 3.8% stake in Delhivery for Rs 954 cr
Softbank offloads 3.8% stake in Delhivery for Rs 954 cr
Source: IANS
2/03/2023 2:17:58 PM
India`s Paytm CEO says there will be no more cash burn SoftBank-backed Paytm said on Wednesday that going ahead there will be no more cash burn in the business and that the Indian digital payments firm was far ahead on re-setting its ambition on controlling spends. "It has got decided last month that it (cash burn) would no more be continuing. As far as Paytm is concerned, we have publicly declared that we are far ahead of our ambitions — far meaning the border of magnitude ahead — in terms of re-setting our cash burns" f...
India`s Paytm CEO says there will be no more cash burn
India`s Paytm CEO says there will be no more cash burn
Source: Reuters
22/12/2022 9:12:00 AM
Indian payments firm Paytm approves $103 million share buyback SoftBank-backed digital payments firm Paytm said on Tuesday its board unanimously approved a share buyback worth up to 8.5 billion rupees ($103.06 million), as it looks to build investor confidence and shore up its battered stock price. The buyback will be priced at a maximum of 810 rupees per share, 50.2% higher than the stock's Tuesday close of 539.40 rupees, the company said in an exchange filing, adding that it will follow the open market route. The board believes that the buyba...
Indian payments firm Paytm approves $103 million share buyback
Indian payments firm Paytm approves $103 million share buyback
Source: Reuters
14/12/2022 9:30:48 AM
India`s Snapdeal to shelve $152 million IPO amid tech stocks rout SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups. But many are delaying IPOs amid a stock market rout that has raised concerns over frothy...
India`s Snapdeal to shelve $152 million IPO amid tech stocks rout
India`s Snapdeal to shelve $152 million IPO amid tech stocks rout
Source: IANS
9/12/2022 10:38:20 AM
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities Adani Airport Holdings increases borrowing limit by Rs 2,500 crore The Adani Group has increased the borrowing limit of its airport arm — Adani Airport Holdings (AAHL) — from Rs 14,000 crore to Rs 16,500 crore to fund the expansion of its eight airports across the country AAHL currently manages seven functional airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. It is also building Navi Mumbai airport, which is expected to start oper...
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities
Source: ARETE Securities Ltd
5/12/2022 9:39:30 AM
India's Oyo Hotels reports smaller loss in July-September vs previous quarter SoftBank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd reported a smaller loss for the July-September period compared with the previous quarter, in an update to its initial public offering prospectus released on Saturday. The company reported a net loss of 3.33 billion rupees($40.77 million) in the second quarter of the financial year compared with a loss of 4.14 billion rupees in the first quarter. The company's financial year runs from April 1 to March 31. Adjusted e...
India's Oyo Hotels reports smaller loss in July-September vs previous quarter
India's Oyo Hotels reports smaller loss in July-September vs previous quarter
Source: Reuters
28/11/2022 11:00:41 AM
Key Stock News: DSP Investment Managers, Aditya Birla, Blackstone, SoftBank, Maruti Suzuki - ARETE Securities DSP Investment Managers to acquire 10% stake in Equitas Small Finance Bank DSP Investment Managers Private Ltd (DSPIM) will buy a nearly 10 per cent stake in Equitas Small Finance Bank for an undisclosed amount, following approval from the Reserve Bank of India. The bank has received an intimation from the RBI on November 16, 2022, that it has granted approval to DSP Investment Managers Private Ltd (DSPIM) to acquire up to 9.99 per cent of the paid-up equity capital of the bank through ...
Key Stock News: DSP Investment Managers, Aditya Birla, Blackstone, SoftBank, Maruti Suzuki - ARETE Securities
Key Stock News: DSP Investment Managers, Aditya Birla, Blackstone, SoftBank, Maruti Suzuki - ARETE Securities
Source: ARETE Securities Ltd
18/11/2022 10:06:34 AM
SoftBank sells 4.5% stake in India's Paytm for $200 million - sources SoftBank Group Corp on Thursday sold a 4.5% stake in Indian digital payments giant Paytm through block deals for $200 million, sources told Reuters, leading to a sharp fall in the shares of the Indian company. The deal was executed at 555.67 rupees, two people with direct knowledge of the matter said, the lower end of the planned price range of 555 rupees to 601.45 rupees that was listed in the transaction's term sheet reviewed by Reuters. SoftBank's sale of 29.35 million shares...
SoftBank sells 4.5% stake in India's Paytm for $200 million - sources
SoftBank sells 4.5% stake in India's Paytm for $200 million - sources
Source: Reuters
17/11/2022 10:24:40 AM
India`s Paytm parent One97 falls 10% on SoftBank stake sale report Shares of Paytm's parent One 97 Communications Ltd fell as much as 10% to their lowest since May after Reuters reported that SoftBank Group Corp will sell shares worth up to $215 million in the Indian e-payment platform. The stock is being sold in a range of 555 rupees to 601.45 rupees per share, according to a term sheet reviewed by Reuters.
India`s Paytm parent One97 falls 10% on SoftBank stake sale report
India`s Paytm parent One97 falls 10% on SoftBank stake sale report
Source: Reuters
17/11/2022 10:09:47 AM
Hiring platform Fountain raises additional $100 mn, forays into India Hiring platform Fountain on Thursday forayed into the Indian market after raising additional $100 million post its Series C round, bringing its total funding to $185 million. The hiring platform said that it will enable companies to find and hire the right people faster in India with its mobile-first, automated and high-volume hiring solutions. The latest funding round was led by B Capital Group, joined by SoftBank, Mirae Asset Venture Investment, DCM, Origin Ventures, Commerce Ventures...
Hiring platform Fountain raises additional $100 mn, forays into India
Hiring platform Fountain raises additional $100 mn, forays into India
Source: IANS
27/10/2022 4:25:57 PM
Largest investor SoftBank cuts internal valuation of Oyo to $2.7 bn: Report Masayoshi Son-led SoftBank has cut the internal valuation of Ritesh Agarwal-run Oyo to $2.7 billion from its last reported valuation of nearly $10 billion, TechCrunch reported on Thursday. The reported valuation cut comes at a time when the hospitality major is eyeing its initial public offering (IPO) in months to come. The report, citing a source, said that SoftBank is the largest investor in Oyo -- at 45 per cent -- and its estimation "is a strong signal of the startup's curr...
Largest investor SoftBank cuts internal valuation of Oyo to $2.7 bn: Report
Largest investor SoftBank cuts internal valuation of Oyo to $2.7 bn: Report
Source: IANS
23/09/2022 10:37:17 AM
SoftBank plans $35 million bet on India's GoMechanic - sources SoftBank Group is in talks to invest $35 million in Indian car service and repair firm GoMechanic, in what would be one of the Japanese investor's smallest bets in India by its Vision Fund, which typically signs bigger cheques, two sources told Reuters. SoftBank has for years been a prominent backer of Indian startups, investing close to $4 billion last year alone, according to data from Venture Intelligence. Its big-ticket investments include digital payments firm Paytm and online edu...
SoftBank plans $35 million bet on India's GoMechanic - sources
SoftBank plans $35 million bet on India's GoMechanic - sources
Source: Reuters
6/09/2022 2:51:14 PM
Now Ola Electric`s battery unit head Ashok Saraswat moves on There is no stopping resignations of senior executives at Ola Electric and now, its head of advanced battery engineering, Ashok Saraswat, has moved on. Saraswat, who joined SoftBank-backed Ola last year, is set to join a company that is entering the battery business, reported The Economic Times, citing sources. When reached out, Ola Electric did not comment on the development. More than half a dozen senior executives have quit Ola Electric in recent months, as the Bhavish Aggarwal-ru...
Now Ola Electric`s battery unit head Ashok Saraswat moves on
Now Ola Electric`s battery unit head Ashok Saraswat moves on
Source: IANS
31/08/2022 5:26:32 PM
SoftBank posts massive $23.4 bn net loss, 2nd straight quarter in red Japanese investment major SoftBank Group on Monday posted a huge $23.4 billion loss in the April-June quarter, as tech stocks continued to get hammered in the economic downturn. The Masayoshi Son-led Japanese giant posted massive losses for its second straight quarter. The conglomerate earlier reported net loss at $16.2 billion for its January-March quarter this year. Nikkei Asia reported that market turmoil pushed the investment group to a second straight quarter in red, as tech stock ...
SoftBank posts massive $23.4 bn net loss, 2nd straight quarter in red
SoftBank posts massive $23.4 bn net loss, 2nd straight quarter in red
Source: IANS
8/08/2022 2:39:16 PM
Reliance, Ola Electric, Rajesh Exports agree to build batteries in India  Reliance Industries, Softbank Group-backed Ola Electric and Indian jewellery maker Rajesh Exports on Friday signed final agreements to build battery cells under a $2.3 billion government incentive program. Shares of Rajesh Exports rose as much as 5.9% to their highest since July 4 after the government's statement on finalisation of the agreements. The companies were among four bidders selected by the government in March to build a total of 50 gigawatt hours (Gwh) of battery st...
Reliance, Ola Electric, Rajesh Exports agree to build batteries in India
Reliance, Ola Electric, Rajesh Exports agree to build batteries in India
Source: Reuters
29/07/2022 1:39:59 PM
Zomato allots shares worth Rs 200 cr to staff at Re 1 face value Online food delivery platform Zomato, which is going through its worst phase at Dalal Street, has allotted nearly 4.66 crore shares to its employees from its employee stock option plan (ESOP) pool at the face value of Rs 1. The board of directors approved the allotment of 4,65,51,600 equity shares to employees upon exercise of vested stock options, according to its filing with the stock exchanges. The entire allotment is worth around Rs 200 crore (Zomaro's share price was hovering a...
Zomato allots shares worth Rs 200 cr to staff at Re 1 face value
Zomato allots shares worth Rs 200 cr to staff at Re 1 face value
Source: Reuters
27/07/2022 1:57:08 PM
Domino`s India may shift business away from delivery firms Zomato and Swiggy Domino's Pizza India franchise will consider taking some of its business away from popular food delivery apps, Zomato and SoftBank-backed Swiggy, if their commissions rise further, according to a letter seen by Reuters. The disclosure was made by Jubilant FoodWorks, which runs the Domino's and Dunkin' Donuts chain in India, in a confidential filing with the Competition Commission of India (CCI) which is investigating alleged anti-competitive practices of Zomato and Swiggy. J...
Domino`s India may shift business away from delivery firms Zomato and Swiggy
Domino`s India may shift business away from delivery firms Zomato and Swiggy
Source: Reuters
22/07/2022 5:26:32 PM
India`s Ola Electric to set up $500 million battery research centre Softbank Group-backed Ola Electric will invest $500 million to set up a battery innovation centre in the southern Indian city of Bengaluru, it said in a statement. The facility will house advanced labs and high-tech equipment for battery innovation, and is part of India's push towards becoming a global electric vehicle hub, said Bhavish Aggarwal, founder and chief executive of Ola Electric. The company will hire senior engineers and research scientists at the facility, potentially o...
India`s Ola Electric to set up $500 million battery research centre
India`s Ola Electric to set up $500 million battery research centre
Source: Reuters
19/07/2022 8:39:39 AM
SoftBank`s Rajeev Misra leaving group to start his own venture In yet another high-profile exit, key SoftBank executive Rajeev Misra is leaving the Japanese investment group to start his own venture, the media reported on Thursday. Rajeev Misra, who joined SoftBank in 2014, will stay in a reduced capacity with the group's first $100 billion Vision Fund, reports The Wall Street Journal. "Misra will stay on in a reduced capacity at SoftBank, overseeing the original Vision Fund investments, while stepping back from oversight of its successor ...
SoftBank`s Rajeev Misra leaving group to start his own venture
SoftBank`s Rajeev Misra leaving group to start his own venture
Source: IANS
8/07/2022 9:19:14 AM
SoftBank-backed Unicommerce to hire over 150 people in next 2-3 months SoftBank-backed integrated software-as-a-service (SaaS) platform Unicommerce on Wednesday said it will hire more than 150 people in FY23, expanding its workforce by 50 per cent. Unicommerce currently has around 300 employees. A majority of new positions will be in the technology and operations domain, as it aims to meet the growing demand for its platform among retail companies and D2C brands in India and outside. As an integrated retail-tech SaaS platform, Unicommerce processes more th...
SoftBank-backed Unicommerce to hire over 150 people in next 2-3 months
SoftBank-backed Unicommerce to hire over 150 people in next 2-3 months
Source: IANS
16/06/2022 8:49:26 AM
India's PM Narendra Modi, Softbank's Son discuss more investments after big tech bets NEW DELHI - Indian Prime Minister Narendra Modi and SoftBank Group founder Masayoshi Son met on Monday to discuss more investments by the country's biggest tech backer, as a startup boom appears to cool in India amid worries about the global economy. The Japanese firm has injected more than $14 billion into India's tech industry, including in payments app Paytm whose market value has sunk since listing in Mumbai in November. Fund raising has become much more difficult this year ...
India's PM Narendra Modi, Softbank's Son discuss more investments after big tech bets
India's PM Narendra Modi, Softbank's Son discuss more investments after big tech bets
Source: Reuters
23/05/2022 4:35:53 PM
SoftBank reports $13 billion FY net loss TOKYO - SoftBank Group Corp reported on Thursday a net loss of 1.7 trillion yen ($13.12 billion) for the year ended in March as the tech investor faces a sliding tech portfolio. The result compared with a record 4.99 trillion yen profit a year earlier, when the boost from the listing of South Korean e-commerce firm Coupang saw SoftBank's earnings surpass global heavyweights including Warren Buffett's Berkshire Hathaway.
SoftBank reports $13 billion FY net loss
SoftBank reports $13 billion FY net loss
Source: Reuters
12/05/2022 11:50:40 AM
SoftBank execs to leave boards of India's Paytm, Policybazaar - source NEW DELHI  - Representatives of SoftBank Group Corp will step down from the boards of Indian digital payments firm Paytm and the parent of online insurance aggregator Policybazaar, a person with direct knowledge of the matter said. The decision is part of SoftBank's global strategy to exit from the boards of most of its listed portfolio companies, said the source, adding that the Japanese tech conglomerate expected it would leave fewer regulatory issues to tackle. SoftBank will...
SoftBank execs to leave boards of India's Paytm, Policybazaar - source
SoftBank execs to leave boards of India's Paytm, Policybazaar - source
Source: Reuters
15/03/2022 7:23:23 PM
$40 bn Nvidia-Arm chip deal falls apart amid regulatory hurdles In a massive blow to Big Tech, graphics chip giant Nvidia on Tuesday finally scrapped the $40 billion deal -- the biggest ever in the world of semiconductors -- to acquire British chip designer Arm, amid anti-trust probes in the US and Europe. Nvidia and Softbank (which owns Arm) agreed to terminate the agreement because of "significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties". Softbank also announced that...
$40 bn Nvidia-Arm chip deal falls apart amid regulatory hurdles
$40 bn Nvidia-Arm chip deal falls apart amid regulatory hurdles
Source: IANS
8/02/2022 4:39:02 PM
SoftBank-backed Snapdeal files for IPO BENGALURU - SoftBank-backed Indian e-commerce platform Snapdeal filed for an initial public offering on Tuesday, joining dozens of firms in the country that have tapped the capital markets this year. Snapdeal's IPO consists of a fresh issue of shares worth 12.5 billion rupees ($165.09 million) and an offer for sale of 30.8 million shares, according to its draft prospectus dated Dec. 20. ($1 = 75.7180 Indian rupees)   (Reporting by Chandini Monnappa in Bengaluru; Editing b...
SoftBank-backed Snapdeal files for IPO
SoftBank-backed Snapdeal files for IPO
Source: Reuters
21/12/2021 10:21:09 AM
SoftBank-backed Policybazaar lists at 17% premium in India market debut BENGALURU - Shares of PB Fintech Ltd, the SoftBank-backed parent of online insurance aggregator Policybazaar, opened on Monday at a premium of more than 17% to the IPO price. PB Fintech shares debuted at 1,150 rupees in pre-open trade, compared with the offer price of 980 rupees, after the IPO was oversubscribed nearly 17 times.
SoftBank-backed Policybazaar lists at 17% premium in India market debut
SoftBank-backed Policybazaar lists at 17% premium in India market debut
Source: Reuters
15/11/2021 10:43:27 AM
SoftBank shares jump 10% on $9 billion buyback TOKYO - SoftBank Group Corp shares jumped 10% on Tuesday, the first trading session after the Japanese conglomerate said it would spend up to 1 trillion yen ($8.8 billion) buying back almost 15% of its shares. The company announced the buyback, long speculated by the market, after it revealed its quarterly earnings https://www.reuters.com/business/softbank-reports-35-billion-net-loss-q2-2021-11-08 crashed to a loss amid a decline in the share prices of its portfolio companies and a regulat...
SoftBank shares jump 10% on $9 billion buyback
SoftBank shares jump 10% on $9 billion buyback
Source: Reuters
9/11/2021 10:48:03 AM
Softbank-backed Ola unveils first operating profit ahead of potential IPO NEW DELHI - Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago, company documents showed on Tuesday. Ola, which has a majority share of India's ride-hailing market, where it competes with Uber Technologies, has a growing presence in several global markets such as Australia and Britain. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depre...
Softbank-backed Ola unveils first operating profit ahead of potential IPO
Softbank-backed Ola unveils first operating profit ahead of potential IPO
Source: Reuters
2/11/2021 2:23:47 PM
Adani Green Energy closes India's largest renewables M&A deal Adani Green Energy Ltd (AGEL) has completed the acquisition of SB Energy Holdings Ltd (SB Energy India) in an all-cash deal for which definitive agreements were signed on May 18, 2021. With this deal, SB Energy India is now a 100 per cent subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group. The transaction pegs SB Energy India at an enterprise valuation of USD 3.5 Billion (Rs 26,000 crore) and marks the largest acquisition i...
Adani Green Energy closes India's largest renewables M&A deal
Adani Green Energy closes India's largest renewables M&A deal
Source: IANS
4/10/2021 11:44:42 AM
SoftBank-backed Oyo files draft papers for $1.14 billion IPO BENGALURU - SoftBank-backed Indian hotel aggregator Oyo filed for an initial public offering on Friday, becoming the first hospitality company to seek a domestic stock listing since 2019. The offering will consist of a fresh issue of shares of up to 70 billion rupees ($942.8 million) and an offer for sale of up to 14.30 billion rupees, according to a copy of its draft herring prospectus dated Sept. 30.   (Reporting by Chandini Monnappa and Vishwadha Chander in Bengaluru; Ed...
SoftBank-backed Oyo files draft papers for $1.14 billion IPO
SoftBank-backed Oyo files draft papers for $1.14 billion IPO
Source: Reuters
1/10/2021 11:57:32 AM
SoftBank-backed Oyo to file for $1.2 billion IPO next week - source BENGALURU  -SoftBank Group-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around $1 billion, a source told Reuters on Thursday. The hotel aggregator is looking to list in India's financial capital of Mumbai and its IPO is tentatively pegged at between $1 billion and $1.2 billion, the source said, adding it will consist of a fresh issue of shares and an offer for sale from existing shareholders. ...
SoftBank-backed Oyo to file for $1.2 billion IPO next week - source
SoftBank-backed Oyo to file for $1.2 billion IPO next week - source
Source: Reuters
23/09/2021 10:02:42 AM
SoftBank leads $680 million funding round in NFT fantasy soccer game Sorare LONDON - Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain's Gerard Pique also investing, the company said on Tuesday. Paris-based Sorare said the investment valued the company at $4.3 billion. Founded in 2018, Sorare is an online game where players buy officially licensed cards representing soccer players and build teams which play against each other, with t...
SoftBank leads $680 million funding round in NFT fantasy soccer game Sorare
SoftBank leads $680 million funding round in NFT fantasy soccer game Sorare
Source: Reuters
21/09/2021 9:39:30 AM
Peak secures $75 mn in SoftBank-led Series C funding Artificial Intelligence (AI) company Peak has raised $75 million in its Series C funding round led by SoftBank Vision Fund 2, with participation from all existing investors, including MMC Ventures, Oxx, Praetura Ventures, Arete and Octopus Ventures. This brings Peak's total funding raised to date to $119 million, said a company statement. Peak's software platform enables companies to embed AI into the core of their decision making and operations. This commercial application of A...
Peak secures $75 mn in SoftBank-led Series C funding
Peak secures $75 mn in SoftBank-led Series C funding
Source: IANS
1/09/2021 2:03:07 PM
Microsoft invests $5 mn in OYO Satya Nadella-run Microsoft has invested $5 million in Airbnb-backed Indian budget hotel chain OYO taking it valuation to $9 billion, as the hospitality chain plans a potential initial public offering (IPO) soon. According to a regulatory filing by OYO this week, Microsoft Corporation has invested $5 million (nearly Rs 37 crore) in the company via the issuance of equity shares and compulsory convertible cumulative preference shares (CCCPS). OYO was valued at just $3 billion in recent qu...
Microsoft invests $5 mn in OYO
Microsoft invests $5 mn in OYO
Source: IANS
20/08/2021 4:56:08 PM
SoftBank-backed Oyo shortlists investment banks for $1.2 billion IPO - Moneycontrol BENGALURU - SoftBank-backed Oyo Hotels & Rooms has shortlisted investment banks JP Morgan, Kotak Mahindra Capital and Citi for its initial public offering in India, financial news website Moneycontrol reported on Monday, citing multiple industry sources. The three banks were taken on board recently and work on the issue has started, Moneycontrol quoted one of the persons cited above as saying. (https://bit.ly/3sfuIYV) Oyo did not immediately respond to Reuters request for comment.
SoftBank-backed Oyo shortlists investment banks for $1.2 billion IPO - Moneycontrol
SoftBank-backed Oyo shortlists investment banks for $1.2 billion IPO - Moneycontrol
Source: Reuters
9/08/2021 1:42:56 PM
SoftBank-backed Indian insurance startup Policybazaar files for $810 million IPO BENGALURU  -SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion rupees ($809.36 million), joining a string of Indian startups that have tapped capital markets in recent months. Indian food-delivery firm Zomato had a stellar public debut last month, while fintech firm Paytm has filed for a listing as markets hover at record highs and cash-laden investors hunt for firms likely to benefit in the post-pandemic worl...
SoftBank-backed Indian insurance startup Policybazaar files for $810 million IPO
SoftBank-backed Indian insurance startup Policybazaar files for $810 million IPO
Source: Reuters
2/08/2021 11:12:15 AM
India`s Swiggy raises $1.25 billion in funding from Prosus, SoftBank ENGALURU- Indian food delivery startup Swiggy said https://www.prosus.com/news/swiggy-closes-us125-billion-funding-led-by-softbank-vision-fund-2-and-prosus on Tuesday it has raised $1.25 billion in a funding round led by long-term investor Prosus and SoftBank's Vision Fund 2 as it recovers from the impacts of the COVID-19 pandemic. "The scope of food delivery in India is massive and over the next few years, we will continue to invest aggressively into growing this category," ...
India`s Swiggy raises $1.25 billion in funding from Prosus, SoftBank
India`s Swiggy raises $1.25 billion in funding from Prosus, SoftBank
Source: IANS
20/07/2021 1:45:36 PM
Netradyne raises $150 mn in funding round led by SoftBank Vision Fund Netradyne, a leader in Artificial Intelligence (AI) and edge computing focusing on driver and fleet safety, on Thursday announced a $150 million Series C funding led by SoftBank Vision Fund, with participation from the existing investors, Point72 Ventures and M12. This financing with earlier investments brings Netradyne's total capital raised to over $197 million. Netradyne will use the new funding to advance its core technology, expand into new geographies and accelerate hiring acr...
Netradyne raises $150 mn in funding round led by SoftBank Vision Fund
Netradyne raises $150 mn in funding round led by SoftBank Vision Fund
Source: IANS/
16/07/2021 9:47:20 AM