SoftBank Group: News
16 Jul 2018
BengaluruGrofers 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
JapanBaidu 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 MotorsIndian-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
PaytmPaytm 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.
04 Jun 2018
Reserve Bank Of India (RBI)Business Roundup: Here are today's top 5 Business news
Here comes your daily roundup of business news.
03 Apr 2018
IndiaPaytm 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
UberUber 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
UberFormer 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
FlipkartFlipkart'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 RoomsZO 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
Paytm200 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
IndiaPaytm 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
UberUber 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
JapanUber 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
QualcommChipmaker 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
UberUber-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
WeWorkWorkspace 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
UberUber'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 BIndian-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
FlipkartSoftBank 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
IndiaPaytm 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.
11 Jul 2017
FlipkartFlipkart 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
FlipkartAmazon 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
IndiaFormer 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
StartupsHousing.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.
06 Jun 2017
IndiaSoftBank'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
IndiaSoftBank'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
TencentBigBasket 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
IndiaOla 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
JapanTaiwan'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.
20 Dec 2016
United States of AmericaSoftBank 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
JapanSoftBank 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
JapanSoftBank 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.
