SoftBank CEO Masayoshi Son once saw hotel chain Oyo as the jewel in his crown
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Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions
The asset- and capex-light model, which is at the heart of the strategy, is yet to be tested
Japanese group to cut China investments until tech sector scrutiny clarifies
Last month, Swiggy closed a $1.25-bn fundraise, marking the first investment in the category by SoftBank Vision Fund 2, and raising its valuation by more than 50% to $5.5 bn
The billionaire made the disclosure as his company reported earnings, explaining he will begin to co-invest in Vision Fund 2, an investment vehicle where SoftBank has been the sole source of capital
China regulatory action has hit valuations, but sees further upside from listing of Paytm, Policybazaar
The hotel aggregator, in which SoftBank owns a 46% stake and is one of its biggest bets, has endured months of layoffs, cost cuts and losses during the global health crisis
The latest funding takes the total capital raised to $281 million, including a $100 million round last November that was also led by SoftBank
The Japanese conglomerate is now one of Roche's largest investors, according to data compiled by Bloomberg.
Of this, Rs 3,750 crore will be fresh issue portion and OFS of Rs 2,267.5 crore
Unacademy Group's valuation has grown almost ten times in 18 months, riding on demand for online training
Policybazaar was founded in 2008 to tap the large population of under-insured in a country of 1.3 billion people
The group reported a record $37 billion net profit in the financial year ended March due in large part to outsized gains from a stake in South Korean e-tailer Coupang Inc.
Uber shares fell 4.6% at $44 in extended trading before erasing most of its losses.
Unacademy will fully acquire Rheo TV and enable exit of all existing investors; deal value not disclosed
More than one-quarter of the Vision Fund's portfolio is the Japanese group's heavy investment in China's tech sector.
SoftBank will end sales of new Pepper units in 2023 at the latest as those parts become obsolete: report
The latest funding comes as investor sentiment towards cryptocurrencies has somewhat soured after an initial euphoria earlier this year due to mounting regulatory concerns globally