SoftBank Group: News
29 Feb 2024
PaytmSoftBank reduces stake in crisis-hit Paytm to less than 3%
SoftBank has reduced its stake in Paytm, now holding only 2.83% compared to 5.01% previously, as reported in a recent exchange filing.
19 Feb 2024
Artificial Intelligence and Machine LearningWhat is 'Izanagi', SoftBank founder Son's new $100B AI venture
SoftBank founder Masayoshi Son is working on a massive $100 billion project to develop a new artificial intelligence (AI) chip unit, called 'Izanagi.'
17 Jan 2024
BusinessSoftBank fully exits PolicyBazaar parent, bags a profit of 225%
SoftBank has made a whopping $650 million (approximately Rs. 5,400 crore) in returns after fully exiting PB Fintech, the parent company of insurance marketplace PolicyBazaar.
11 Jan 2024
StartupsSoftBank to resume investing in Indian start-ups this year
SoftBank is gearing up to invest in Indian start-ups once more after an 18-month hiatus, according to Sumer Juneja, Head of India and EMEA at SoftBank Investment Advisers.
03 Jan 2024
IndiaWho is Nikesh Arora, IIT-graduate who just became a billionaire
Nikesh Arora, the CEO of cybersecurity company Palo Alto Networks, has entered the billionaires' club after a hefty paycheck he received from the firm.
29 Dec 2023
E-commerceMeesho's FY23 revenue rises 77%, losses shrink by half
Meesho, an affordable e-commerce platform, has seen a 77% surge in revenue from operations, hitting Rs. 5,735 crore in FY23 compared to Rs. 3,232 crore in FY22.
19 Dec 2023
Initial Public Offering (IPO)SoftBank-backed FirstCry, Ola Electric to file IPO papers by December-end
Ola Electric and FirstCry, both backed by SoftBank, will submit their draft IPO papers to the Securities and Exchange Board of India (SEBI) by next week, as per Moneycontrol.
07 Dec 2023
ZomatoSoftBank may sell Zomato shares worth Rs. 1,125 crore
SoftBank plans to sell around 1.1% of its stake in the food delivery giant Zomato, amounting to approximately $135 million (Rs. 1,125 crore) through a block deal, as per Bloomberg.
09 Nov 2023
SoftBank Vision FundSoftBank reports $5.2bn loss in Q3, 4th straight red quarter
SoftBank Group has posted a $5.2 billion net loss for the quarter ending September, marking its fourth straight quarter in the red.
02 Nov 2023
FinanceSoftBank raises $799 million in Japan's first bond-type stock listing
SoftBank Group has raised 120 billion yen (around $799 million) in Japan's inaugural bond-type share listing on the Tokyo Stock Exchange.
20 Oct 2023
ZomatoSoftBank likely offloads Zomato shares worth Rs. 1,040cr
On October 20, online food delivery titan Zomato saw its shares climb over 2.5%, hitting the day's high of Rs. 114.50 apiece on NSE.
09 Oct 2023
BusinessSoftBank trims stake in PolicyBazaar parent PB Fintech by 2.5%
Japanese investment holding company SoftBank has sold an additional 2.54% stake, or 11.4 million shares, in PolicyBazaar's parent company, PB Fintech Ltd., through a bulk deal. These shares were sold at a price of Rs. 762.8 each.
04 Oct 2023
Artificial Intelligence and Machine LearningAI to surpass human intelligence within 10 years: SoftBank CEO
SoftBank CEO Masayoshi Son has predicted that artificial general intelligence (AGI), which can beat human intelligence in almost all areas, will be achieved within 10 years.
28 Sep 2023
OpenAIJony Ive, OpenAI, SoftBank working on 'iPhone of AI'
Apple's former design chief Jony Ive's company, LoveFrom, SoftBank, and OpenAI are in talks to create an AI-powered hardware device that could revolutionize how we interact with artificial intelligence (AI), much like how the iPhone transformed the smartphone industry.
14 Sep 2023
Initial Public Offering (IPO)SoftBank's Arm hits $54.5 billion valuation in 2023's biggest IPO
Chip designer Arm Holdings has achieved a $54.5 billion valuation in its initial public offering (IPO) in the US, making it the biggest IPO of 2023.
22 Aug 2023
NASDAQSoftBank-owned Arm Holdings pursues record-breaking IPO in 2023
SoftBank-owned UK-based chip company Arm Holdings has filed for a NASDAQ listing, with ambitions to achieve the largest US IPO of 2023.
08 Aug 2023
SoftBank Vision FundSoftBank posts unexpected $3.3bn loss; Vision Fund unit records profit
SoftBank's Vision Fund investment arm reported a gain of just over $1 billion in the June quarter, marking a return to profitability after five quarters.
20 Jun 2023
ChatGPT'I am a heavy user of ChatGPT': SoftBank's Masayoshi Son
Masayoshi Son, the CEO of SoftBank Group, has been away from the public eye for a while. In November last year, he stepped away from leading earnings calls and day-to-day activities of the investment firm.
18 Jan 2023
Indian StartupsGoMechanic fires 70% of its workforce; financial books under scanner
Automobile after-sales service start-up GoMechanic has fired roughly 70% of its workforce or around 500 employees.
20 Dec 2022
SoftBank Vision FundSoftBank's investment in India falls 84% to $500mn in 2022
SoftBank Group has been a major contributor to the growth of India's tech start-up scene. The company has, however, cut its investments in the country by a whopping 84% year-over-year in 2022.
07 Dec 2021
New York CityWho is Vishal Garg, who fired 900 employees over Zoom?
Vishal Garg is all over the internet.
19 Sep 2020
TechCrunchSoon, Boston Dynamics will announce new robots for logistics
Boston Dynamics, the SoftBank-owned company that has made headlines for its mind-boggling robots, is set to unveil new machines pretty soon.
14 Sep 2020
TikTokNewsBytes Briefing: TikTok US partners with Oracle, and more
Last night, multiple outlets reported that Chinese giant ByteDance has rejected Microsoft's purchase bid for TikTok and chosen Oracle as its 'technology partner' in the US.
04 Sep 2020
GoogleNewsBytes Briefing: SoftBank considering bidders for TikTok India, and more
In another twist to the saga, SoftBank is reportedly working to broker a deal for TikTok India.
02 Sep 2020
FacebookEd-tech start-up Unacademy raises $150 million, joins elite unicorn club
Bengaluru-based ed-tech start-up Unacademy has joined the elite unicorn club of India.
11 May 2020
SingaporeSingapore deploys 'robo-dog' to make sure people observe social distancing
The spread of COVID-19 has made human-to-human interaction a risky affair.
14 Apr 2020
ZomatoAfter UberEats, Zomato is eyeing to buy Grofers
A few months after acquiring UberEats, Zomato is looking to buy popular e-grocery start-up Grofers.
19 Feb 2020
Boston DynamicsBoston Dynamics' robo-dog turns into a rickshaw puller
Boston Dynamics' Spot robo-dog has been in the news for plenty of reasons, be it teaming up with a bomb squad or working to detect leaks at an oil rig.
03 Feb 2020
Initial Public Offering (IPO)WeWork appoints real estate veteran Sandeep Mathrani as CEO
WeWork, the American start-up that provides shared workspaces, has appointed real estate veteran Sandeep Mathrani as its new CEO.
20 Dec 2019
IndiaLenskart raises $231 million, enters the elite unicorn club
Lenskart, a Faridabad-based start-up providing a platform to buy eyewear online, has reportedly raised $231 million in a Series G round of funding led by Japanese conglomerate SoftBank.
13 Dec 2019
PaytmPaytm raises another $669.5 million from existing investors
Just a couple of weeks after raising a whopping $1 billion, One97 Communications, the parent of digital payments giant Paytm, has raised $669.5 million (roughly Rs. 4,724 crore) in another round of funding.
12 Nov 2019
WeWorkT-Mobile's John Legere could be WeWork's next CEO
From an imploded IPO to allegations of sexism, unprofessional culture and layoffs, WeWork has faced a lot of flak lately.
11 Nov 2019
IndiaInsurance aggregator Policybazaar raises $150 million from Tencent
Insurance aggregator company Policybazaar, which compares financial services from major insurance companies for instant purchases, has raised $150 million in a funding round led by Tencent Holdings Ltd.
16 Oct 2019
IndiaTrue Balance raises $23 million from Korean investors
Fintech start-up True Balance has received $23 million in Series C round of funding.
07 Oct 2019
IndiaOYO raising $1.5 billion from founder Ritesh Agarwal, SoftBank, others
In a major development, India's second most valuable start-up, OYO Hotels & Homes, has confirmed its plan to raise $1.5 billion in fresh funding.
26 Jul 2019
PaytmSoftBank just launched $108 billion megafund for AI development
In a major move, SoftBank Group has announced a humongous megafund for the advancement of artificial intelligence (AI).
08 Jun 2019
RobotsSoon, this 'robot-dog' from Boston Dynamics will go on sale
Boston Dynamics' robots can do some insane stuff, including things like backflips, parkour, even warehouse jobs.
01 May 2019
IndiaReliance Jio to launch WeChat-like Super App with 100+ services
Reliance Jio is working to launch a Super App which will provide over 100 services under one platform, according to a Business Standard report.
17 Apr 2019
Boston DynamicsWatch: Boston Dynamics' army of 'robo-dogs' hauls a real truck
SoftBank-owned robotics giant Boston Dynamics has long been showing off capabilities of its machines in some hilarious, sometimes even creepy, videos.
29 Mar 2019
RobotsThis dino-like robot can do warehouse jobs better than you
From Atlas to SpotMini, Boston Dynamics' 'robotic children' are known to leave a mark with their impeccable skills.
05 Mar 2019
RobotsMIT's scary 'Mini Cheetah' robot can do backflips, resist kicks
In a major development, researchers at MIT have unveiled 'Mini Cheetah', a smaller counterpart of their four-legged Cheetah robot.
14 Jan 2019
Sachin BansalOla reportedly receives funding from Sachin Bansal, nears $6bn valuation
Flipkart co-founder Sachin Bansal has reportedly invested $21 million (approx Rs. 150 crore) in Ola, India's famous ride-hailing company.
24 Nov 2018
StartupsThis billion-dollar start-up is using robots to make, deliver pizza
In early November, California-based food start-up Zume raised $375mn from SoftBank, taking its valuation past $1bn.
12 Oct 2018
RobotsThis terrifying robot by Boston Dynamics can now chase you
Boston Dynamics' super robot Atlas is back. And, this time it's not just strolling or doing backflips, but also leaping over obstacles like a real commando.
11 Oct 2018
Sachin BansalReportedly, Flipkart co-founder Sachin Bansal to invest $100mn in Ola
In what could mark the largest personal investment in the Indian internet space, Flipkart co-founder Sachin Bansal is reportedly in the process of finalizing a whopping $100mn (around Rs. 740cr) investment in ride-hailing start-up Ola Cabs.
23 Sep 2018
5G TechnologyBSNL pens deal with Softbank, NTT Communications for 5G roll-out
BSNL has penned a deal with Japan's Softbank and NTT Communications to roll out 5G and internet-of-things (IoT) technologies in India.
16 Aug 2018
OYO RoomsOYO looking to raise $1bn, valuation might cross $4bn
It seems that budget hotel network OYO Rooms is getting ready for yet another round of funding, and is reportedly looking to raise an amount between $500mn to $1bn.
31 Jul 2018
Saudi ArabiaSaudi Arabia's King Salman begins vacation in $500bn, unbuilt mega-city
According to state media reports, Saudi Arabia's King Salman is taking a holiday in the as-yet-unbuilt $500bn futuristic mega-city, NEOM, that his son, the Crown Prince of Saudi Arabia, has pledged to build from scratch.
