Articles about SoftBank Group

Uber's $12bn investor deal hinges on Benchmark/Kalanick lawsuit

16 Aug 2017

Uber's $12bn investor deal hinges on Benchmark/Kalanick lawsuit

The troubled ride-hailing company Uber is reportedly looking to raise $12bn-worth funds from four investors, Japan's SoftBank Group, China's Didi Chuxing, and American equity firms Dragoneer Investment Group and General Atlantic.

Indian-origin entrepreneur raises $1.1bn by SoftBank

11 Aug 2017

Indian-origin entrepreneur raises $1.1bn by SoftBank

A US-based biotech company founded by an Indian-origin entrepreneur has raised $1.1bn from SoftBank and other investors- one of the largest fundings in the life science sector.

SoftBank buys stake in Flipkart, becomes its largest shareholder

10 Aug 2017

SoftBank buys stake in Flipkart, becomes its largest shareholder

Flipkart just announced that it has received a mix of primary and secondary capital from the SoftBank Vision Fund.

Paytm plans messaging service, WhatsApp's honeymoon goes sour from here

02 Aug 2017

Paytm plans messaging service, WhatsApp's honeymoon goes sour from here

Things are going to get really interesting, as according to reports, Paytm is planning to bring its own messaging service to counter WhatsApp by the end of this month.

Snapdeal 2.0, the story of not giving in to pressure

01 Aug 2017

Snapdeal 2.0, the story of not giving in to pressure

Snapdeal is ready to bend but it's not ready to snap. There will be no sale.

Snapdeal calls off merger talks with Flipkart

31 Jul 2017

Snapdeal calls off merger talks with Flipkart

Six months after intense negotiations, Snapdeal has called-off talks with Flipkart regarding a potential merger.

Axis Bank acquires FreeCharge for Rs. 385crore in cash deal

27 Jul 2017

Axis Bank acquires FreeCharge for Rs. 385crore in cash deal

Axis Bank reported that they have acquired FreeCharge, owned by ecommerce platform Snapdeal, for Rs. 385 crore in an all-cash deal.

Report: Snapdeal board accepts $900-950 million revised offer from Flipkart

26 Jul 2017

Report: Snapdeal board accepts $900-950 million revised offer from Flipkart

After months of suspense and speculations, the future of Snapdeal has finally been decided. According to Reuters, the Snapdeal board has accepted the revised offer of $900-950 million by Flipkart.

Microsoft mulls on investing $100 million in Ola's parent firm

25 Jul 2017

Microsoft mulls on investing $100 million in Ola's parent firm

According to reports, Microsoft is now mulling on investing $50-100 million (Rs. 320-640 crore) to acquire a minority stake in ANI Technologies Pvt. Ltd, which runs Ola, the home-grown ride hailing platform.

Flipkart makes offer of $850 million for Snapdeal, plot thickens!

18 Jul 2017

Flipkart makes offer of $850 million for Snapdeal, plot thickens!

Post rejection of its earlier bid of $500-600 million, Flipkart has now made its second bid for e-commerce firm Snapdeal at $850-900 million, according to reports.

Nikesh Arora aims for Uber's CEO post, claim sources

14 Jul 2017

Nikesh Arora aims for Uber's CEO post, claim sources

If reports are to be believed then former Google and SoftBank executive Nikesh Arora is eyeing the post of Uber's CEO, which was vacated by Travis Kalanick.

Paytm buys majority stake in Insider.in for Rs. 35 crore

13 Jul 2017

Paytm buys majority stake in Insider.in for Rs. 35 crore

Vijay Shekhar Sharma-led Paytm has now acquired a majority stake in Insider.in for a little over Rs. 35 crore.

Flipkart may see the return of Bansals at the helm

11 Jul 2017

Flipkart may see the return of Bansals at the helm

Rumors are afloat that with the proposed deal with SoftBank Group Corp, Flipkart will see the return of Sachin and Binny Bansal, co-founders of the company, to their former glory.

Amazon ups Indian investment, Flipkart is bidding its time

07 Jul 2017

Amazon ups Indian investment, Flipkart is bidding its time

Amazon CEO Jeff Bezos, making good on his promise, has now allotted Rs. 341 crore for Amazon Wholesale India i.e. the wholesale B2B arm of its Indian operations and Rs. 1,680 crore to its Indian online wing.

Snapdeal says no to Flipkart's offer, haggles over valuation

05 Jul 2017

Snapdeal says no to Flipkart's offer, haggles over valuation

Indian television serials are infamous for stretching out episodes. However, they'll still come second to the drama that is being played out at Snapdeal.

Former Housing CEO Rahul Yadav joins Anuj Puri's ANAROCK

03 Jul 2017

Former Housing CEO Rahul Yadav joins Anuj Puri's ANAROCK

Former Housing CEO Rahul Yadav is now the Chief Product and Technology Officer at ANAROCK Property Consultants, the new venture of real estate industry stalwart Anuj Puri.

InMobi looking for a CTO as Saxena plans to move

24 Jun 2017

InMobi looking for a CTO as Saxena plans to move

InMobi announced that it was looking for a new chief technology officer as incumbent Mohit Saxena is set to move to the US for personal reasons.

Snapdeal-Flipkart merger comes to a halt as Azim Premji objects

23 Jun 2017

Snapdeal-Flipkart merger comes to a halt as Azim Premji objects

According to reports, Snapdeal's merger with rival Flipkart has hit one more roadblock, which can potentially drive down the embattled firm's agreed upon valuation of $1 billion for the sale, if not jeopardize the deal completely.

Uber founder Travis Kalanick resigns as CEO

21 Jun 2017

Uber founder Travis Kalanick resigns as CEO

Uber CEO Travis Kalanick has resigned following months of scandals involving the company. He had earlier taken a leave of absence after his mother's death.

Housing.com founders cry foul play on new owner's actions

20 Jun 2017

Housing.com founders cry foul play on new owner's actions

If someone ever had to tell the story of hubris in Indian start-up space, he would talk about Housing.com.

Amazon eyes BigBasket to tap into India's online grocery space

14 Jun 2017

Amazon eyes BigBasket to tap into India's online grocery space

Amazon is currently exploring the possibility of buying online grocery site BigBasket in order to solidify its stance in India.

Paytm founder Vijay Shekhar's new Lutyens' zone acquisition

07 Jun 2017

Paytm founder Vijay Shekhar's new Lutyens' zone acquisition

Paytm founder Vijay Shekhar Sharma has a new property: 6,000-sq-ft residential premises worth Rs. 82cr at New Delhi's coveted Lutyens' zone, one of India's most expensive locations.

SoftBank's $100b fund is seeking investors for the remaining $7b

06 Jun 2017

SoftBank's $100b fund is seeking investors for the remaining $7b

According to reports, Masayoshi Son-led SoftBank Group Corp is now in talks with the Canadian and Middle Eastern investors to raise the $7 billion, which is needed to complete the $100 billion SoftBank Vision Fund.

Snapdeal's future gets messier with unexpected funding, issuance of shares

30 May 2017

Snapdeal's future gets messier with unexpected funding, issuance of shares

Just when you thought the Snapdeal saga was at its very end, there is a new twist in the tale.

Paytm raises $1.4 billion from SoftBank

18 May 2017

Paytm raises $1.4 billion from SoftBank

Paytm is said to have raised over $1.4 billion from Japanese investor SoftBank, in one of its largest funding rounds from a single investor.

Snapdeal founders and Nexus agree, Flipkart to buy Snapdeal

11 May 2017

Snapdeal founders and Nexus agree, Flipkart to buy Snapdeal

According to ET Now, Nexus and the founders of Indian online marketplace Snapdeal have reached an agreement with SoftBank Group over the much anticipated sale of Snapdeal to its larger Indian rival Flipkart.

SoftBank writes down investments in Ola, Snapdeal by $1.41 billion

10 May 2017

SoftBank writes down investments in Ola, Snapdeal by $1.41 billion

Japanese investor SoftBank said it wrote down its investment valuation in Snapdeal and Ola by $1.41 billion. It has written down investments in Snapdeal by $1.01 billion and $400 million in Ola.

MobiKwik may get $100 million funding from BlackRock and others

09 May 2017

MobiKwik may get $100 million funding from BlackRock and others

MobiKwik, which competes with firms such as Paytm and FreeCharge in digital payments space, is now going to get a big boost in its endeavors.

Snapdeal initiates payments of laid-off employees

03 May 2017

Snapdeal initiates payments of laid-off employees

Two months after layoffs at Snapdeal, the company has begun initiating due payments of the 1,000-1,500 affected employees; severance packages reportedly range between 2-4 months of salaries.

Amazon will not slow its investment pace in India

29 Apr 2017

Amazon will not slow its investment pace in India

A $481m loss might deter others, but to Amazon CEO Jeff Bezos it is just another hurdle Amazon has to overcome in order to finally triumph.

OYO Rooms acquires $250 million from SoftBank, others

27 Apr 2017

OYO Rooms acquires $250 million from SoftBank, others

According to a media report, OYO Rooms, a budget hotels marketplace operated by Oravel Stays Pvt. Ltd closed a $250 million fundraising round led by existing investor SoftBank Group.

Cash-strapped Snapdeal vacates 60% of Gurgaon office space

25 Apr 2017

Cash-strapped Snapdeal vacates 60% of Gurgaon office space

In yet another sign of a severe cash-crunch, Snapdeal is vacating 60% of its Gurgaon office-space after mass layoffs in February.

SoftBank's tryst with India's start-up scenario

20 Apr 2017

SoftBank's tryst with India's start-up scenario

SoftBank may have tasted failure with Snapdeal but it still believes in making a profit with its Indian investments.

BigBasket engages Grofers in merger talks eyeing SoftBank funding

19 Apr 2017

BigBasket engages Grofers in merger talks eyeing SoftBank funding

According to sources, BigBasket has opened up a dialogue with its comparatively smaller rival Grofers for a possible merger.

SoftBank considering $1.5bn investment in Paytm?

19 Apr 2017

SoftBank considering $1.5bn investment in Paytm?

Paytm is reportedly in talks with Japan's SoftBank for a deal that could bring in $1.2-1.5bn capital; it could take its valuation to $7-9bn from $6bn in March.

Electric Vehicles: Nissan Leaf trial runs to commence this year

19 Apr 2017

Electric Vehicles: Nissan Leaf trial runs to commence this year

Nissan Motor Co. is exploring the opportunities of electric-vehicles in India, as Nissan India Operations head, Guillaume Sicard noted, "We will start a pilot project involving the Nissan Leaf this year, which will help us in assessing the viability of electric vehicles (EV)."

Hike to add payments mechanism with UPI integration

17 Apr 2017

Hike to add payments mechanism with UPI integration

Sources confirmed that Hike Messenger is all set to roll out a payment mechanism on the app which will be the first in India to be integrated with the government's UPI interface.

Flipkart's mergers if okayed, starts the proper e-commerce war

06 Apr 2017

Flipkart's mergers if okayed, starts the proper e-commerce war

The market is currently ripe with rumours regarding two major Flipkart mergers - one with eBay and another with Snapdeal.

InMobi, India's 1st unicorn manages to show steady profit

05 Apr 2017

InMobi, India's 1st unicorn manages to show steady profit

India's first unicorn InMobi has managed to remain profitable throughout 2016.

Ola cabs to introduce fully electric taxis

28 Mar 2017

Ola cabs to introduce fully electric taxis

ANI Technologies Pvt. Ltd., Ola Cabs' parent company, is set to introduce fully electric cars as Ola cabs on a pilot basis across major Indian cities within three months.