Committed to India in the long term, says SoftBank’s India head Sumer Juneja
5 years, 1 month ago

Committed to India in the long term, says SoftBank’s India head Sumer Juneja

Firstpost  

Masayoshi Son, CEO and Founder of SoftBank, during his India visit, said that he wants to bet on the future. We have an optimistic outlook, a fundamental belief in the country’s potential and remain committed to India in the long term,” Sumer Juneja, Partner and Head of India, SoftBank Investment Advisers, told Tech2. “SoftBank’s other investments in India might come in soon,” said another person close to the development. “All first-time investments in companies will come from SVF-II, and top-up investment will come from SVF-I.” The Snapdeal investment, however, would come directly from SoftBank Group, the source said. The third source also said that while the investments would be a “little stringent, a little slow because of better due-diligence”, SoftBank would continue to make big and futuristic bets in India.

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History of this topic

Alternative investment funds: Dispelling myths and unlocking potential
2 weeks, 1 day ago

Alternative investment funds: Dispelling myths and unlocking potential

Live Mint  

Alternative Investment Funds in India have achieved a significant milestone, crossing an estimated ₹5 trillion in funds raised, with investment commitments surpassing nearly ₹12 trillion as of September. Read this | AIFs face risk of large investors moving away as Sebi tightens rules Compared to Mutual Funds with assets under management worth around ₹67 trillion, AIFs clearly have a long …

Why is tech giant SoftBank investing over $100 billion in the US?
3 weeks, 2 days ago

Why is tech giant SoftBank investing over $100 billion in the US?

Associated Press  

BANGKOK — Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States over the coming four years. Trump said the investments in building artificial intelligence infrastructure would create 100,000 jobs, twice the 50,000 promised when Son pledged $50 billion in U.S. investments …

SoftBank to invest $100 billion in US projects over next four years—Donald Trump to make historic reveal
3 weeks, 3 days ago

SoftBank to invest $100 billion in US projects over next four years—Donald Trump to make historic reveal

Live Mint  

US President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the company is planning to invest $100 billion in U.S. projects over the next four years. The company's investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia. The announcement will come days after Trump …

SoftBank’s CEO to pledge $100 billion in U.S. investments
3 weeks, 4 days ago

SoftBank’s CEO to pledge $100 billion in U.S. investments

LA Times  

SoftBank Group Corp. Chief Executive Masayoshi Son is set to announce a plan to invest $100 billion in the U.S. over the next four years during a visit with President-elect Donald Trump, according to people familiar with the matter. OpenAI CEO Sam Altman will give $1 million to Trump’s inaugural fund after having previously donated to President Biden’s 2024 reelection …

India’s venture capital firms are finding that leaner might be better
1 month, 1 week ago

India’s venture capital firms are finding that leaner might be better

Live Mint  

On Thursday, early-stage venture capital firm Stellaris Venture Partners launched its largest-ever investment vehicle—a $300 million fund. Similarly, Blume Ventures, which has invested in prominent Indian startups including Battery Smart, Purplle and Unacademy, doesn’t plan to increase the corpus for its next two funds, maintaining them at about $290 million, the venture capital firm told Mint in October. “Several venture …

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development
1 month, 1 week ago

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development

Hindustan Times  

SoftBank is planning to buy $1.5 billion worth of OpenAI stock as its CEO Masayoshi Son looks to position the Japanese group as an artificial intelligence leader. SoftBank CEO Masayoshi Son has also publicly expressed admiration for OpenAI co-founder and CEO Sam Altman and said he frequently talks to him Son is doing this with an ambitious AI plan of …

Stellaris Venture launches its largest ever $300 million fund
1 month, 1 week ago

Stellaris Venture launches its largest ever $300 million fund

Live Mint  

Bengaluru: Stellaris Venture Partners, which has backed companies such as personal care brand Mamaearth and SaaS startup Whatfix, announced the launch of its largest ever fund with a corpus of $300 million on Thursday. “With this new fund, we’re excited to back founders using technology to solve deep problems in large markets," said Rahul Chowdhri, partner at Stellaris. With this …

SostBank Vision Fund’s Rajeev Mishra steps down as co-chief of largest-ever VC fund
1 month, 4 weeks ago

SostBank Vision Fund’s Rajeev Mishra steps down as co-chief of largest-ever VC fund

Live Mint  

Rajeev Misra is formally stepping down as co-chief executive officer of SoftBank Group Corp.’s Vision Fund, bringing to a close a tumultuous tenure at the helm of what had been the largest-ever venture capital fund. Misra was instrumental in helping SoftBank founder Masayoshi Son set up the Vision Fund in 2017, helping him raise nearly $100 billion from Saudi Arabia, …

SoftBank posts $7.7 billion profit on India’s IPO market boom, rebound in tech valuations
1 month, 4 weeks ago

SoftBank posts $7.7 billion profit on India’s IPO market boom, rebound in tech valuations

Live Mint  

SoftBank Group Corp. swung to a quarterly profit on a series of successful Indian listings and a rebound in tech valuations that boosted the Vision Fund portfolio. The Vision Fund reported a gain of ¥373 billion, thanks to strong initial public offerings for Indian startups and valuation gains in Coupang Inc. and Didi Global Inc. A boom in India’s IPO …

‘MSMEs took ₹999 cr. from NSIC VC Fund till July’
3 months, 4 weeks ago

‘MSMEs took ₹999 cr. from NSIC VC Fund till July’

The Hindu  

Micro, small and medium enterprises have taken ₹999 crore investments till July this year from the NSIC Venture Capital Fund, which has a corpus of ₹10,000 crore as ‘mother fund’, according to the National Small Industries Corporation. P. Ravi Kumar, chief general manager of the National Small Industries Corporation, said in Coimbatore on Tuesday that as part of the Self-Reliant …

Capitalmind receives SEBI’s in-principle nod to launch a mutual fund
4 months, 2 weeks ago

Capitalmind receives SEBI’s in-principle nod to launch a mutual fund

Live Mint  

Bengaluru-based investment management firm Capitalmind Financial Services Private Limited has received in-principle approval from the Securities and Exchange Board of India to launch new mutual fund. As of March 31, 2024, there are 74.6 crore PAN cardholders in India, but only 4.5 crore unique mutual fund investors, highlighting a considerable growth opportunity. Our goal is to serve the rapidly growing …

Budget 2024: Centre allocates ₹1000 cr venture fund to boost space economy ‘five-fold in next decade’
5 months, 2 weeks ago

Budget 2024: Centre allocates ₹1000 cr venture fund to boost space economy ‘five-fold in next decade’

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday announced the creation of a ₹1,000 crore venture capital fund in the Budget 2024 aimed at expanding the space economy “fivefold over the next decade”. The new venture capital fund is expected to stimulate private sector involvement in space activities, supporting startups and established firms in advancing innovative space technologies. News agency PTI …

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study
6 months, 2 weeks ago

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study

ABP News  

Indian tech start-ups secured $4.1 billion in funding in the first half of 2024, a 4 per cent increase from $3.96 billion in the second half of 2023. According to Tracxn, a market intelligence platform, India ranks as the fourth-highest funded country globally in the tech startup landscape, with the US, UK, and China leading in overall funding volumes. Seed-stage …

SoftBank's Masayoshi Son is pivoting to AI and chips: What we know
7 months, 4 weeks ago

SoftBank's Masayoshi Son is pivoting to AI and chips: What we know

Hindustan Times  

SoftBank Group Corp.’s flagship Vision Fund has quietly sold off or written down billions of dollars’ worth of its publicly-listed holdings in recent years, a sign of founder Masayoshi Son’s shift away from the venture capital deals that were once an obsession and toward strategic investments in semiconductors and artificial intelligence. That figure doesn’t include the sale of the Vision …

Good companies always on the right side of regulations: Lightspeed MD
10 months, 4 weeks ago

Good companies always on the right side of regulations: Lightspeed MD

Live Mint  

Mumbai: Fintech has always been a heavily regulated industry, but given that the Reserve Bank of India has been an extremely involved regulator, thinking long term, Lightspeed Venture Partners will continue to invest in fintech in India, said Anuj Bhargava, managing director and head of corporate and strategic development for India and South East Asia at the global venture capital …

Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData
1 year ago

Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData

Live Mint  

Indian startups witnessed a 65.8% drop in funding in terms of value between January and November 2023, according to a report by Times of India. Citing data from GlobalData, Indian startups raised $6.9 billion across 1,013 venture capital funding deals in the past 11 months this year. Among the top VC funding deals in Indian startups this year were- $250 …

Indian startups set for more pain as funding crunch worsens
1 year, 8 months ago

Indian startups set for more pain as funding crunch worsens

Live Mint  

A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. The prospect of fast rising consumption both offline and in India's digital space helped many startups clock multi-billion-dollar valuations in recent years, with …

SoftBank loses nearly $6 billion in quarter as investments suffer
1 year, 11 months ago

SoftBank loses nearly $6 billion in quarter as investments suffer

Live Mint  

TOKYO : SoftBank Group Corp.’s technology investment vehicles posted a loss of nearly $6 billion in the latest quarter, leading the company to reiterate its conservative approach. After posting a record loss equivalent to more than $20 billion in the April-to-June quarter, it reported an equally large profit in the quarter ending in September thanks to profits from unwinding its …

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18
1 year, 11 months ago

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18

Firstpost  

Finance Minister Nirmala Sitharaman said, ‘The major push for startups happened in 2016 when the honourable Prime Minister announced a policy. And subsequently year after year giving concessions’ New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that funds are waiting to see more innovative startups from India and assured that there is no scarcity of funding. In an …

FTX Woes Continue As SoftBank Writes Off $100-Million Investment In Bankrupt Firm
2 years, 1 month ago

FTX Woes Continue As SoftBank Writes Off $100-Million Investment In Bankrupt Firm

ABP News  

San Francisco: Beleaguered Japanese investment firm SoftBank has reportedly written off about $100 million it invested as part of its Vision Fund 2 in now bankrupt crypto exchange FTX. SoftBank has now disclosed a $100 million venture capital investment in crypto broker FTX. Softbank CFO Yoshimitsu Goto was quoted as saying that the $100-million Vision Fund invested in FTX "as …

SoftBank vision fund loses $7.2 billion on tech writedowns
2 years, 1 month ago

SoftBank vision fund loses $7.2 billion on tech writedowns

Live Mint  

SoftBank Group Corp.’s core Vision Fund arm posted a $7.2 billion quarterly loss as plunging startup valuations continue to hammer the company’s financial performance and forces it slow investments. Of those, China’s SenseTime Group Inc. accounted for 364 billion yen, while US food delivery firm Doordash Inc. accounted for 225 billion yen and Indonesian ride-hailing and e-commerce firm GoTo Group …

Indian FinTech market to reach $1 trillion by 2030, says CEA
2 years, 3 months ago

Indian FinTech market to reach $1 trillion by 2030, says CEA

The Hindu  

“India is among the fastest growing fintech markets in the world with a market size of $31 billion in 2021 that is expected to reach $1 trillion by 2030,” said V. Anantha Nageswaran, Chief Economic Advisor of India, Ministry of Finance, Government of India. “The next wave in the fintech sector could be the cash flow lending to MSMEs using …

SoftBank plans $35 mln bet on India's GoMechanic, sources
2 years, 4 months ago

SoftBank plans $35 mln bet on India's GoMechanic, sources

The Hindu  

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. Last month, its boss Masayoshi Son said SoftBank would invest much less this year than in 2021, following a record $26.2 billion quarterly loss at its Vision Fund on falling tech valuations. Vision Fund's early-stage …

Nandan Nilekani-Floated Fundamentum Raises $227 Million For Investing In Startups
2 years, 4 months ago

Nandan Nilekani-Floated Fundamentum Raises $227 Million For Investing In Startups

News 18  

Fundamentum Partnership, floated by Infosys co-founder Nandan Nilekani and Helion Ventures co-founder Sanjeev Aggarwal, on Friday said it has raised $227 million to invest in early-growth stage Indian start-ups. Fundamentum plans to fund enterprises that have attained product-market fit and have developed momentum in their scale-up journey,” the company said in a tweet. We now intend to go deeper into …

SoftBank Emerges as a Big Loser of the Tech Downturn. Again
2 years, 5 months ago

SoftBank Emerges as a Big Loser of the Tech Downturn. Again

Live Mint  

Early last year, Masayoshi Son addressed his staff on a video call. Son and his team plowed $38 billion from SoftBank’s latest giant fund into 183 companies last year, according to SoftBank’s filings. “When he believes something is the future he will literally take everything he has and bet it on that," said Gary Rieschel, who helped lead Mr. Son’s …

‘No easy money’: India’s startup boom is giving way to a painful slowdown
2 years, 7 months ago

‘No easy money’: India’s startup boom is giving way to a painful slowdown

Live Mint  

The valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to $5 billion, after marquee investors such as SoftBank and Fidelity pumped in hundreds of millions of dollars. They aimed to ride a boom in India's tech startups, which raised a record $35 billion in new funds in 2021, but the tide has …

SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding
2 years, 8 months ago

SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding

ABP News  

New Delhi: Open, a neobanking fintech portal, became unicorn on Monday after it raised fresh capital which pushed up its value over a billion dollars. 🥳 But before that here's the #Unicorn🧵summarizing our journey so far👇 pic.twitter.com/FsfSOpK5Bp — Open Money May 2, 2022 According to news reports, in a Series D funding round, the five-year-old neobank raised $50 million from …

Global venture capital funds flock to India as China's appeal dims: Report
3 years, 1 month ago

Global venture capital funds flock to India as China's appeal dims: Report

Hindustan Times  

India is receiving investment from venture capital firms from around the world, suggesting a breakout moment for the country's startups, Nikkei Asia reported on Sunday. Citing the overall data from Tracxn, Nikkei Asia said that 597 venture capital firms have made 2,284 deals so far this year. Talking about the situation in China, the report said that Beijing's regulatory crackdown …

SoftBank renews bet on Latin America with $3 bln fund
3 years, 3 months ago

SoftBank renews bet on Latin America with $3 bln fund

The Hindu  

SoftBank Group Corp on Tuesday launched a $3 billion fund to invest in technology companies in Latin America in a bid to build on the success of its initial fund for the region, which has spent most of its capital. SoftBank's renewed bet on Latin America comes as venture capital is booming in countries such as Brazil and Mexico, and …

SoftBank in talks to invest in PharmEasy parent API Holdings
3 years, 6 months ago

SoftBank in talks to invest in PharmEasy parent API Holdings

Hindustan Times  

SoftBank Group Corp. is in discussions to invest in API Holdings Pvt, which owns India’s largest online pharmacy chain PharmEasy, according to people familiar with the matter. API is seeking a valuation of at least $5.6 billion in a new funding round, said one of the people, who asked not to be identified as the information is private. SoftBank could …

‘SoftBank could invest over $4 billion in India’
3 years, 7 months ago

‘SoftBank could invest over $4 billion in India’

Hindustan Times  

Masayoshi Son-led SoftBank Group Corp. could put more than $4 billion to work in India in 2021 across myriad technology bets, including software as a service, B2B marketplaces, e-commerce, health-tech and ed-tech. The investments will come from the Japanese company’s Vision Fund 2, which has an investment outlay of up to $30 billion for the current calendar year. We anticipate …

SoftBank looks to invest $700 million in Flipkart
3 years, 7 months ago

SoftBank looks to invest $700 million in Flipkart

Hindustan Times  

SoftBank Group Corp. is in talks with Flipkart to invest $700 million in the internet retailer, three years after it sold its entire stake in the company to Walmart Inc., two people aware of the development said. The proposed investment in Flipkart from SoftBank’s Vision Fund 2 is part of a $1.2-1.5 billion funding round, the people said on condition …

Interview: Softbank Vision Fund CEO Rajeev Misra on what’s in store for India
3 years, 7 months ago

Interview: Softbank Vision Fund CEO Rajeev Misra on what’s in store for India

Live Mint  

NEW DELHI : Masayoshi Son -led SoftBank Group Corp. could put more than $4 billion to work in India in 2021 across myriad technology bets, including software as a service, B2B marketplaces, e-commerce, health-tech and ed-tech. We anticipate investing a similar size in the remainder of this year," SoftBank Vision Fund CEO Rajeev Misra said in an interview from London. …

‘Fintech is India’s growth enabler’
3 years, 8 months ago

‘Fintech is India’s growth enabler’

Live Mint  

Financial technology, or fintech, enables a nation’s growth as it allows access to goods and services that are otherwise not available to everyone, said Munish Varma, managing partner, SoftBank Vision Fund, at Mint’s India Investment Summit 2021. If India can bring more such services into the formal banking/lending system using companies such as Paytm, the country will grow more,” he …

Fintech is a country’s growth enabler, says Softbank Vision Fund’s Munish Varma
3 years, 8 months ago

Fintech is a country’s growth enabler, says Softbank Vision Fund’s Munish Varma

Live Mint  

Financial technology, or fintech, enables a nation’s growth as it allows access to goods and services that are otherwise not available to everyone, said Munish Varma, managing partner, Softbank Vision Fund. Speaking at Mint’s India Investment Summit 2021, Varma said, “fintech allows services to those who did not have them before, at low cost and in a frictionless manner. Japan’s …

Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic
3 years, 11 months ago

Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic

Firstpost  

Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. “Weathering negative sentiment, seed stage investment deals grew by 50 percent from $353 million over 420 deals in 2019 to $372 million over 672 deals in 2020. The report said Bengaluru, …

Indian Startups Received $10.14 Billion in Funding in 2020; E-Commerce, Edtech Biggest Gainers: Report
3 years, 11 months ago

Indian Startups Received $10.14 Billion in Funding in 2020; E-Commerce, Edtech Biggest Gainers: Report

News 18  

Indian startups are estimated to have received USD 10.14 billion in funding across more than 1,200 deals in 2020 despite the Covid-19 crisis, a report by consulting firm HexGn said. Even though the total investment received in 2020 is lower than that of 2019, the number of deals were higher by 20 per cent, the report said. “Weathering negative sentiment, …

SoftBank is said to consider bid for TikTok in India: Report
4 years, 4 months ago

SoftBank is said to consider bid for TikTok in India: Report

Live Mint  

SoftBank Group Corp. is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter. Over the past month, the Japanese conglomerate, which owns a stake in TikTok’s Chinese parent ByteDance Ltd., has held talks with the heads of India’s Reliance Jio Infocomm Ltd. and Bharti …

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman
4 years, 4 months ago

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman

India TV News  

To provide Rs 50,000 crore equity support to stressed MSME units, a Fund of Funds announced as part of the Rs 20.97 lakh crore Aatmanirbhar Bharat Abhiyan package is expected to get operation soon, State Bank of India Chairman Rajnish Kumar said on Monday. The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with …

Suryoday Small Finance Bank raises ₹62 crore from Gaja Capital, Kotak Life, others
4 years, 7 months ago

Suryoday Small Finance Bank raises ₹62 crore from Gaja Capital, Kotak Life, others

Live Mint  

Suryoday Small Finance Bank Ltd has raised ₹62.14 crore in equity funding through a private placement offer from five of its existing investors including Gaja Capital, private insurer Kotak Mahindra Life Insurance Co. Ltd, said a senior official at the scheduled commercial bank in an exclusive interaction. Three other investors that helped the Navi Mumbai based bank in raising funds …

SoftBank warns of even steeper losses as it takes a $6.6 billion hit on WeWork
4 years, 8 months ago

SoftBank warns of even steeper losses as it takes a $6.6 billion hit on WeWork

CNN  

Tokyo CNN Business — SoftBank is warning that it will fall deeper into the red, just two weeks after it shocked investors by forecasting a record annual loss. The firm said it expects to lose 700 billion yen on a portion of its investment in the troubled coworking provider WeWork that it holds outside of its $100 billion Vision Fund. …

Indian tech-led startups attract funding worth $2.5 billion in first quarter of 2020, up 14% on-year: Report
4 years, 8 months ago

Indian tech-led startups attract funding worth $2.5 billion in first quarter of 2020, up 14% on-year: Report

Firstpost  

Indian tech-led startups attracted funding worth $2.5 billion in the first quarter of 2020, a 14 percent rise compared to the same period last year, a report by research and consulting firm HexGn said New Delhi: Indian tech-led startups attracted funding worth $2.5 billion in the first quarter of 2020, a 14 percent rise compared to the same period last …

SoftBank warns of huge losses as Vision Fund value collapses
4 years, 8 months ago

SoftBank warns of huge losses as Vision Fund value collapses

CNN  

London CNN Business — SoftBank warned Monday that it expected to post its first operating loss in 15 years because of a collapse in the value of its flagship tech investments. The Vision Fund is expected to report losses amounting to 1.8 trillion yen due to “the deteriorating market environment,” the company said in a statement. Big losses on other …

SoftBank’s Masayoshi Son considers new type of fund for startup investing
4 years, 10 months ago

SoftBank’s Masayoshi Son considers new type of fund for startup investing

Live Mint  

SoftBank Group Corp. founder Masayoshi Son said he is considering a new type of fund for startup investing, showing his determination to keep cutting deals after missteps with WeWork and several other companies. “So before we officially launch SoftBank Vision Fund 2, maybe we start from a smaller scale and start from a shorter period in terms of investment as …

Vision Fund losses drag down SoftBank profits by 99%
4 years, 10 months ago

Vision Fund losses drag down SoftBank profits by 99%

CNN  

Hong Kong CNN Business — SoftBank profits have been almost entirely wiped out, as the company continues to feel the pain from big losses in its massive tech fund. SoftBank founder and CEO Masayoshi Son’s closely watched $100 billion Vision Fund was the biggest driver of those losses. But WeWork’s failed IPO and Uber’s declining share price “have caused concern …

Oyo is firing thousands of staff across China and India, cites non-performance
4 years, 11 months ago

Oyo is firing thousands of staff across China and India, cites non-performance

Live Mint  

Oyo Hotels is firing thousands of staff across China and India, people familiar with the matter said, adding to growing signs of trouble at one of the largest startups in SoftBank Group Corp.’s portfolio. Oyo’s downsizing is another setback for Masayoshi Son‘s SoftBank, whose portfolio has been buffeted by recent trouble at WeWork and slumping share prices at Slack Technologies …

Softbank’s Masayoshi Son, tech visionary or robber baron?
5 years ago

Softbank’s Masayoshi Son, tech visionary or robber baron?

Live Mint  

This is the year that brought a $100 billion venture capitalist to his knees. In January, SoftBank Group Corp.’s Masayoshi Son was riding high, writing billion-dollar checks to unicorns from office-sharing startup WeWork to autonomous-delivery vehicle designer Nuro. Over the past three years, Son has deployed his giant war chest aggressively, threatening to back a startup’s rival if founders refuse …

SoftBank’s troubles don’t end with Wag. Here are 5 more Vision Fund investments to watch closely
5 years, 1 month ago

SoftBank’s troubles don’t end with Wag. Here are 5 more Vision Fund investments to watch closely

CNN  

Hong Kong CNN Business — SoftBank’s decision to abandon its $300 million investment in dog-walking startup Wag has raised more questions about the strategy of its mega tech fund. The Vision Fund also has stakes in ride-hailing startups Didi, Grab and Ola, all of which “will likely face similar issues as Uber, with their economics likely remaining challenged until robo-taxis …

Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion
5 years, 1 month ago

Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion

Firstpost  

When its rivals like Google Pay and PhonePe are spending massively on cashbacks, Paytm said it would use Rs 10,000 crore to add as many small merchants and businesses as possible into its fold. In a fresh round of funding, One97 Communications-led Paytm reportedly raised $1 billion at a valuation of $16 billion from new and existing investors, including Japan’s …

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