Business News
Netradyne Acquires Moove to Enter European Market
Following the acquisition, Moove will operate under Netradyne Europe and act as a central hub for regional sales, partnerships, and customer engagement.
Softbank
Business News
SoftBank Sells Entire Nvidia Stake for USD 5.8 Bn Ahead of New AI Investments
The company also revealed plans for a 4-for-1 stock split effective January 1.
Business News
Meesho Files Updated Draft Papers with SEBI for INR 4,250 Cr IPO
Elevation Capital and Peak XV will lead the secondary sale, offering 5.54 crore and 3 crore shares respectively, while investors like Prosus and SoftBank, which hold 12.34% and 9.31% stakes, will retain their shares.
Business News
UK Chipmaker Graphcore to Invest USD 1.3 Bn to Boost India’s AI Chip Sector
As part of the plan, Graphcore will establish its first AI Engineering Campus in Bengaluru.
Business News
MS Dhoni-Backed House of Biryan Raises INR 32 Cr Funding
The newly raised funds will be used to expand operations from 22 kitchens to between 120 and 150 outlets over the next three years.
Business News
Kunal Bahl and Rohit Bansal Raise Stake in SoftBank-Backed Unicommerce
According to company filings, the duo purchased 93,500 shares for approximately INR 1 crore (INR 98.96 lakh), raising their total holding to 10.85%, including direct ownership and shares held through their controlled entities.
Business News
Perplexity AI Raises USD 62.7 Mn Funding and Valued at USD 1 Bn Valuation
The raised funds will be used to expand usage among consumers and knowledge workers within enterprises.
Business News
How SoftBank Has Changed Its Investing Strategy Since Entering India
The investment conglomerate is shifting from investing in startups valued at $5 billion to startups valued at roughly $2 billion. Additionally, it reduced cheque amounts from $1 billion to $100-150 million.
Business News
SoftBank Sells 2% Stake In Paytm In Series Of Open Market Transactions
The market value of the total sale was not declared in the company's regulatory filing, but reports said that it could be worth around $120 million
By Teena Jose
Business News
Unicorns Should Prepare For A Long Funding Winter, Says Masayoshi Son
The SoftBank CEO also said that the rate of new investments in startups will be half or could be as small as a quarter in compared to the last year
By Teena Jose
Business News
With Byju’s, OYO, Ola in its Kitty, Sequoia is the Top Investor in India
Sequoia Capital India is the top investor on the Hurun India top unicorn investors list 2020 with eight unicorns investments, followed by Softbank, Steadview Capital and Saif Partners
By Shipra Singh
Business News
WeWork To Pump $100 Mln Into India Business
In Friday's statement, the company said that WeWork India was already profitable and played an important role in the global scheme of business.
By Debroop Roy
Business News
Masayoshi Son-Funded Start-Ups Not Going ‘Soft’ On Employees
With Vision Fund II in sight, Softbank's portfolio companies in India and across the world are cutting jobs in order to reduce losses and shore up investor sentiment.
By Debroop Roy
Business News
Among VCs, Softbank Appeared The Most In Indian Media Followed By Sequoia and Tiger Global
Softbank reportedly suffered $6.5 billion in operating losses from investments in cash-burning businesses including New York-based real estate firm WeWork, and cab-hailing service Uber.
Business News
Will Vision Fund 2 Save SoftBank in 2020?
The Japanese conglomerate is likely to announce the first close of the fund at around $30 billion in the first quarter of next year, according to a media report
Business News
From Towering Achievements to Inexplicable Ambiguity: SoftBank’s Journey So Far
Entrepreneur India traces the ebb and flow of SoftBank's journey over the years
Business News
Masayoshi Son Admits Judgment Errors. Is It the Start of the End?
"My judgment around WeWork was not right in many ways," he said on Wednesday after announcing company result
Business News
Is SoftBank’s Rescue Package for WeWork a Way to Redeem Itself?
While the world may be busy writing an obituary for WeWork, does this capital infusion imply that Masayoshi Son will have the last laugh?
Business News
How the Failure of WeWork and Uber has Forced SoftBank Backers to Rethink Their Strategies; Reports
When things were going well, SoftBank's glory was unprecedented and awe-inspiring.Today, it has become the bone of contention with everyone questioning it
Business News
A Sneak Peek at Cross-Border Investments in Indian Startups
Global investors are betting big on Indian companies and how
Business News
Startup Saturday: SoftBank Looking to Pump $300-$500 million in Swiggy & Flipkart’s legal Spat with GOQii Puts Walmart in a Challenging Spot
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Business News
What Makes Food Tech so Sizzling for Investment in India
Creating a business out of a product that entails the millennials and is a necessity is sure to produce profit and benefit
Business News
Funding Friday: 2019 Gets Its First Unicorn & Paytm Money Raises Funding From Its Parent
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Business News
Startup Saturday: Mukesh Ambani Eyes a Stake in Grab and Zomato Catches the Fancy of Delivery Hero
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Business News
Startup Saturday: These Indian Startups Catch Softbank’s Eye & Oyo Receives IT Notices
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Business News
WeWork’s Investment Tryst with SoftBank and its Indian Connect
The Tokyo-based investor has shown immense faith in WeWork in the past and continues to do so despite a few hits and misses
Business News
Ola’s Dilemma Over SoftBank’s Offer
According to sources, Japanese conglomerate SoftBank is planning to invest USD 1 billion in India's ride-hailing firm