Page 5 - Softbank

Swiggy valuation tops $5.5 bn after raising $1.25 bn from SoftBank, Prosus

The fundraise will give Swiggy enough firepower to take on rivals such as Zomato, Amazon, Dunzo and Ola Foods

SoftBank-backed Lenskart raises $220 million as India's tech industry booms

Lenskart sold about 8 million pairs of eyewear last year and is aiming to grow that by 30 per cent in the year ending March 2022

One97 taps IPO market in new, bigger avatar 11 years after aborted attempt

Vijay Shekhar Sharma-founded firm had to shelve Rs 120-cr IPO last minute in December 2010

Paytm submits draft papers for its $2.2-billion IPO to market regulator

SoftBank-backed Paytm has filed for an initial public offering of up to $2.23 billion, draft papers submitted to the country's market regulator showed on Friday

Netradyne raises $150 mn from Softbank Vision Fund and others

US based start-up Netradyne on Thursday said it has raised USD 150 million in series C round led by Softbank Vision Fund at a valuation close to USD 1 billion.

CCI clears SoftBank's $450-mn investment in food delivery firm Swiggy

Sources say funding is an extension of Swiggy's $800-mn round in April from investors such as Falcon Edge, Goldman Sachs and others, which took the company's valuation to $5 bn from $3.6 bn

CCI approves deal involving SoftBank Group entity buying stake in Swiggy

Competition Commission of India (CCI) on Monday gave its nod for a proposed deal involving SoftBank Group entity purchasing a stake in food ordering and delivery platform Swiggy

PharmEasy parent API Holdings in talks with SoftBank to raise $100-200 mn

Softbank is still evaluating proposal. The firm aims to acquire a company in the healthcare space and to clear loans raised earlier, says source

Didi Global saga shows China's tech behemoths must first answer to Beijing

Didi is by most measures an appealing success story. The firm controls almost the entire ride-hailing market in China, and counts SoftBank Group Corp. and Tencent Holdings Ltd. as major shareholders

Best of BS Opinion: Four years of GST, towards better governance & more

Here are the best of Business Standard's opinion pieces for Thursday

Food delivery giant Swiggy's COO Vivek Sunder decides to move on

Sunder played a pivotal role in expanding the geographical footprint of the marketplace business taking Swiggy beyond more than 500 cities.

SoftBank-backed Snapdeal's home category sales grow by 70% amid pandemic

The growth has been led by kitchenware and home improvement category products, which saw a 50 and 100 per cent jump in demand respectively since March 2020

SoftBank shrinks robotics business, stops Pepper production: Report

Production of the humanoid Pepper, touted as the first robot with "a heart", was stopped last year: report

SoftBank CEO Masayoshi Son says share buybacks remain an option for firm

SoftBank Group Corp CEO Masayoshi Son said on Wednesday share buybacks remain an option for the conglomerate, amid a slide in its shares

India's unicorn tally touches 50, MindTickle the latest entrant

Industry experts have been saying that the Indian unicorn list is expected to only rise as fund houses with access to liquidity are looking at avenues for investment.

Vishal Sikka's Vianai raises $140 mn from SoftBank Vision Fund, others

The two year-old startup will use the funding to accelerate the delivery of its human-centered AI platform and products to enterprises worldwide.

This former Google techie is solving the employability problem using AI

Valued at over $2 billion today, Ashutosh Garg's firm Eightfold AI is being used by large companies, including Fortune 500 clients, to shape up the career paths of their employees

Chinese ride-hailing firm Didi reveals $1.6-bn loss in IPO filing

Didi, one of the largest investments in SoftBank Group Corp.'s portfolio, accelerated its listing plans after its business rebounded as the coronavirus pandemic ebbed in China.

SoftBank's PayPay surges ahead in Japan's digital payments race

PayPay is emerging as key driver of a government-supported consumer shift away from cash as Japan grapples with deepening labour shortages

China's Didi reveals US IPO filing, all set for blockbuster New York float

Didi could raise around $10 billion and seek a valuation of close to $100 billion