SoftBank Group: News

16 Jul 2018


Grofers has shut down vegetables/fruits delivery in NCR, Bengaluru

It has been confirmed that Gurugram-based online grocery delivery service Grofers has shut down its vegetables and fruits delivery segment across NCR and Bengaluru.

09 Jul 2018


Baidu to launch self-driving buses in Japan next year

Chinese internet giant Baidu has announced a new partnership with SB Drive, a subsidiary of Japan's SoftBank.

14 Jun 2018

General Motors

Indian-American Dhivya Suryadevara to take over as General Motors CFO

Another person of Indian origin has made their mark on the international platform. Indian-American Dhivya Suryadevara has been named the new Chief Finance Officer (CFO) of General Motors (GM), the US' largest automaker.

13 Jun 2018


Paytm Mall receives $225 million in funding from SoftBank, Alibaba

Paytm Mall, the independent e-commerce arm of digital payments platform Paytm, has received $225 million (Rs. 1509 crore) from Japan's SoftBank and China's Alibaba as the second and final tranche of its latest round of funding.

Business Roundup: Here are today's top 5 Business news

Here comes your daily roundup of business news.

03 Apr 2018


Paytm Mall raises Rs. 3,000 crore from SoftBank, Alibaba

According to documents filed with the Ministry of Corporate Affairs, online retail firm Paytm Mall has raised nearly Rs 3,000 crore from Japan's SoftBank and its existing investor Alibaba in new round of funding.

26 Mar 2018


Uber exits South-East Asia, selling its operations to rival Grab

After exiting China and Russia, Uber Inc. is now selling its South-East Asia operations including ride-share and food delivery business to regional rival Grab.

08 Mar 2018


Former Uber CEO Travis Kalanick launches venture fund 10100

Former Uber CEO and co-founder Travis Kalanick is launching a new investment fund called 10100 (pronounced as ten-one-hundred).

03 Mar 2018


Flipkart's Singapore parent infuses Rs. 4,500cr into India wholesale arm

Flipkart India has raised Rs. 4,472cr from its Singapore-based parent company for its wholesale unit, its single largest fund infusion in past years.

20 Feb 2018

OYO Rooms

ZO Rooms sues OYO Rooms over 'data theft'

Zostel Hospitality, the parent company of ZO Rooms, has sued OYO Rooms in a Gurugram court over data theft.

30 Jan 2018


200 Paytm employees including office boy become millionaires after stock-sale

About 200 former and current Paytm employees have become millionaires after selling their stocks in the company worth Rs. 500cr.

28 Jan 2018


Paytm to become a $10bn start-up after secondary share sale

The valuation of home-grown digital payments giant Paytm, owned by Noida-based One97 Communications, is likely to jump to $10bn after some existing and former employees sell a part of their shares to new investors, including Canada-based Discovery Capital. Information about other investors isn't available yet.

19 Jan 2018


Uber co-founder Travis Kalanick officially becomes a billionaire

Uber co-founder and former CEO Travis Kalanick has acquired $1.4 billion in cash, increasing his total estimated net worth to about $4.24 billion.

13 Nov 2017


Uber seals multi-billion dollar investment from Japan's SoftBank

Ride-hailing giant Uber has sealed a massive multi-billion dollar investment from Japanese technology conglomerate SoftBank.

10 Nov 2017


Chipmaker Broadcom offers to buy Qualcomm for $103bn

In a move that could reshape the global mobile chip industry, US-based chipmaker Broadcom has proposed to buy another chip giant Qualcomm for $103bn.

06 Nov 2017


Uber-SoftBank deal in trouble? Could invest in Lyft, says SoftBank-CEO

At a time when SoftBank's investment in Uber is expected to be finalized, the Japanese conglomerate has hinted it could still change its mind over the costly deal.

25 Aug 2017


Workspace start-up WeWork gets massive $4.4 billion from SoftBank

WeWork, the New York start-up which helped pioneer the concept of shared office spaces and associated services, has now won the vote of confidence from two huge investment groups along with hefty $4.4 billion investment.

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.

11 Aug 2017

Hepatitis B

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.

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.

13 Jul 2017


Paytm buys majority stake in for Rs. 35 crore

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

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.

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.

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.

20 Jun 2017

Startups 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

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.

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.

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.

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.

26 Feb 2017


Taiwan's Foxconn and Japan's SoftBank tie-up for US expansion

Japan's SoftBank Group and Taiwan's Foxconn would start operating a joint venture together, deepening ties between two of Asia's biggest technology firms for expansion into the United States.

SoftBank chief pumps $1 billion into space start-up

SoftBank's chief executive Masayoshi Son has invested $1.2 billion into the satellite broadband start-up OneWeb, according to reports.

22 Oct 2016


SoftBank looking to fund tech-focused ventures

Japan's SoftBank Group, in partnership with Saudi Arabia's public investment fund, recently announced a global technology fund of $100 billion.

16 Oct 2016


SoftBank putting together a mammoth tech investment fund

Japan's SoftBank Group announced setting-up of a fund to invest as much as $100 billion in technology focused ventures, over the next five years.