Page 15 - Softbank

SoftBank invests $275 million in Lenskart; buys out some early investors

A large part of this investment will go towards building next generation technology and supply chain, said Peyush Bansal, Founder & CEO of Lenskart

Masayoshi Son may be less of a technology guru, more a die-hard capitalist

With the Vision Fund fully deployed, and the second iteration likely a lot smaller, Son may have trouble offloading his startup stakes

Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal

Lenskart is raising Rs 1,645 cr in a funding round led by Masayoshi Son-led SoftBank; company has cut losses by 73%, while driving revenue up 57% in FY19

Oyo says SoftBank's Yahoo Japan has exited Japan room rental venture

Oyo, which is also backed by SoftBank Group Corp, said it has bought back the shares in Japanese apartment rental company.

SoftBank sister firm to invest $4 bn in Gujarat's renewable energy sector

The investment will be in solar energy, wind energy and other unconventional renewable energy sources, it said.

Softbank's Son reiterates his belief in gut-led investing in chat with Ma

SoftBank owns 26% of China's Alibaba, with its origin in a $20 million investment in 2000, and the stake is now worth more than the Japanese firm's market capitalization

Why MNCs are changing their India tune

The reasons are myriad - maturing of markets, change in business strategy -but there is a clear indication that global firms are not willing to tolerate any more slack in India

After WeWork, SoftBank Group's start-up Bookkeeping draws scrutiny

Son's bookkeeping has allowed him to claim his average internal rate of return far outpaces those of other investors

LG to invest $17 million in SoftBank's venture fund for AI startups

The investment in the Japanese tech giant's venture unit is part of the South Korean conglomerate's broader plan to develop advanced AI technologies

Softbank-backed Oyo's losses rise six-fold to $332 mn; revenue quadruples

The growing losses at Oyo come as its major investor SoftBank struggles to raise funding for a second investment fund in the wake of the failed listing of office-rental company WeWork

Paytm raises a billion dollars at a valuation of $16 bn, plans expansion

Ant Financial and SoftBank back it with full force; money will go for expansion in small cities, towns

Apple, Intel file antitrust case against SoftBank-backed firm over lawsuits

The suit follows an earlier case filed by Intel against Fortress in October which it withdrew and filed a new suit on Wednesday

Clean energy project cancellations: Andhra faces global arbitration threat

State govt cancelled clean energy projects in July, citing wrong bidding

Softbank's Yahoo Japan, chat app Line announce October 2020 merger plan

The companies aim for a definitive agreement by next month

SoftBank's second Vision Fund is starting life a lot smaller than the first

SoftBank said in July that its second Vision Fund would be even larger than the first, which broke records in 2017 by raising almost $100 billion

SoftBank's Yahoo Japan confirms merger talks with messaging app Line

A deal would bring together the operators of two of Japan's biggest QR code payment apps as the country belatedly shifts to cashless payments

'Judgement on WeWork was poor in many ways': Softbank CEO after Q2 loss

(Reuters) - SoftBank Group Corp <9984.T> fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of WeWork and Uber Inc .

Son's failed tech bets behind Softbank Group's $6.5 billion quarterly loss

TOKYO (Reuters) - SoftBank Group Corp <9984.T> plunged on Wednesday to a quarterly loss that was far larger than analysts' estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies .

SoftBank's Son's free solar power offer has set cat among the pigeons

The massive plan of manufacturing and running power plants, envisaged at an investment of $20 billion, may have only partially materialised so far, but Son has already doubled down on his ambitions

Son's tech bets to cost Softbank first quarterly loss in 14 years?

TOKYO (Reuters) - SoftBank Group Corp <9984.T> and its founder Masayoshi Son face a day of reckoning on Wednesday when the investment juggernaut is likely to post weak quarterly results, hit by hefty falls in the valuation of some of its biggest tech bets.