Page 14 - Softbank
Oyo's revenue surges 4 times to $951 million in FY19, but loss widens too
The SoftBank-backed firm has been reported to have been in the process of laying off close to 2,000 employees as it shifts focus towards profitability
 "Oyo's revenue surges 4 times to $951 million in FY19, but loss widens too")
Soaring losses: SoftBank reports near-total wipeout at $100-bn Vision Fund
The numbers are also the latest reminder of the inherent risk in Son's strategy of betting big on untested startups
 "Soaring losses: SoftBank reports near-total wipeout at $100-bn Vision Fund")
Ola takes on Uber with its safety pitch as it drives operations to London
Safety is high on its mind and Ola is bringing in an AI enabled safety feature, 'Guardian'
 "Ola takes on Uber with its safety pitch as it drives operations to London")
Sprint's stock soars around 75% after judge approves T-Mobile merger
Finalising a deal will be a boon to SoftBank Group, Sprint's controlling shareholder, as the conglomerate offloads a troubled asset that has lost subscribers at a faster rate
 "Sprint's stock soars around 75% after judge approves T-Mobile merger")
Softbank-backed Ola launches London operations, over 25,000 drivers sign-up
Ola will partner with DriveTech to use its driving risk assessment to improve the level of driving skills and knowledge of all drivers on the Ola platform in London
 "Softbank-backed Ola launches London operations, over 25,000 drivers sign-up")
Top headlines of the day: Experts see Coronavirus hurting global growth
From January passenger vehicle sales to surprise advertisement of Samsung foldable phone during Oscars, Business Standard brings you the top headlines of the day
 "Top headlines of the day: Experts see Coronavirus hurting global growth")
SoftBank set for sharp quarterly profit drop amid pressure from Elliott
SoftBank has come under increasing pressure for its lack of transparency, especially around its $100 billion Vision Fund of largely unlisted start-ups
 "SoftBank set for sharp quarterly profit drop amid pressure from Elliott")
SoftBank in talks to pick up minority stake in Mahindra Electric Mobility
For SoftBank, EVs are a key area of focus. It has already invested over $250 million in Ola Electric Mobility where it is a key investor
 "SoftBank in talks to pick up minority stake in Mahindra Electric Mobility")
Real estate veteran Sandeep Mathrani to lead WeWork turnaround as CEO
Mathrani will replace WeWork co-CEOs Artie Minson and Sebastian Gunningham and report directly to Chairman Marcelo Claure
 "Real estate veteran Sandeep Mathrani to lead WeWork turnaround as CEO")
Indian-American steps in to help WeWork sustain itself
Sandeep Mathrani replaces Artie Minson and Sebastian Gunningham, the co-chief executives
Ride-hailing firm Ola to start in London on Feb 10 with over 20,000 drivers
Will be fully operational from day one, firm aims to offer a differentiated experience with features such as 24/7 helplines for drivers and customers and in-app emergency button
Housing.com enters co-living biz; partners OYO, Zolo to list 500,000 beds
Housing.com, which is also backed by Softbank, Accel and SAIF Partners, has tied up with OYO Life and Zolo to promote their co-living spaces on its platform.
 "Housing.com enters co-living biz; partners OYO, Zolo to list 500,000 beds")
Income tax officials conduct surprise search at SoftBank-backed Oyo
The news comes at a time when Oyo's major shareholder SoftBank faces renewed investor scrutiny after being forced to bail out one of its best known portfolio companies
 "Income tax officials conduct surprise search at SoftBank-backed Oyo")
Oyo continues to trim workforce, plans to let go 1,200 in India in 4 months
It has let go of 5 per cent of its 12,000 employees in China partly due to non-performance
 "Oyo continues to trim workforce, plans to let go 1,200 in India in 4 months")
SoftBank in talks to sell stake in India's renewable energy venture: Report
A SoftBank representative in India did not immediately respond to an email request from Reuters for comment
 "SoftBank in talks to sell stake in India's renewable energy venture: Report")
SoftBank-backed Findability needs 100k citizen data scientists from India
Founder and CEO Anand Mahurkar said the company is expanding its operations in India and aiming to attract citizen data scientists to build various applications on the AI platform
 "SoftBank-backed Findability needs 100k citizen data scientists from India")
Uniqlo founder and CEO Tadashi Yanai resigns as SoftBank board member
TOKYO (Reuters) - Japan's SoftBank Group Corp <9984.T> said Tadashi Yanai, founder and CEO of Uniqlo parent Fast Retailing <9983.T>, will resign as independent board member at the end of the month after 18 years on the job to focus on his fashion business.
 "Uniqlo founder and CEO Tadashi Yanai resigns as SoftBank board member")
Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year
The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.
 "Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year")
Indian startups raise a record $14.5 bn in 2019, 459 Series A rounds held
Masayoshi Son-led SoftBank made massive investments in the Indian startups, biggest funding round
 "Indian startups raise a record $14.5 bn in 2019, 459 Series A rounds held")
Travis Kalanick cuts all ties with Uber; leaves board, sells all shares
Kalanick, 43, has sold all of his remaining shares in the ride-hailing giant and plans to focus on his new business and philanthropic endeavours
 "Travis Kalanick cuts all ties with Uber; leaves board, sells all shares")
