Apple confirms $1-bn investment in SoftBank Vision Fund

Apple SoftbankApple Inc. is investing $1 billion in SoftBank Corp’s $100-billion tech fund, according to a report in a major international daily. The fund, called SoftBank Vision Fund, is also expected to witness participation from Foxconn Technology Group Ltd and the family office of Larry Ellison, chairman of Oracle Corp, The Wall Street Journal said. SoftBank […]

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Flashback 2016: SoftBank stays on sidelines, tanks up for future

softbank_feBy its lofty standards, 2016 was a relatively quiet year for the SoftBank juggernaut. The telecom and Internet conglomerate, which put copious amounts of money in Snapdeal, OYO Rooms and Grofers in the previous year, stayed away from making any fresh investments in India. This uncharacteristic quiet at SoftBank in terms of fresh investments can […]

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How SoftBank’s local portfolio firms have fared as chairman Son visits India

Masayoshi-Son,-Chairman-&-CEO,-SoftBank-Group_feNot many investors can boast of a portfolio which is more than half full of unicorns. Japanese telecom and Internet conglomerate SoftBank Group Corp happens to be one such investor in India. Of its seven portfolio firms, four – Hike, Ola, Snapdeal and InMobi – are unicorns, meaning each startup has been valued at more […]

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Ola’s Bhavish Aggarwal again takes a potshot at Uber

Bhavish Aggarwal, Co-Founder & CEO, OlaWinning in a competitive market is as much about making tactical pronouncements at opportune moments as it is about making the right business decisions at the right time. It ain’t politicians alone who pick ideas or popular beliefs they know will resonate with their target audience and use them against their rivals. Corporations do the […]

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Exclusive: Softbank pumps in another $5 mn in Housing even as merger talks continue

HousingJapanese telecom and internet conglomerate SoftBank Group Corp, a leading investor in several Indian tech startups, has put in an additional $5 million in a bridge round in real estate portal Housing.com, according to three people aware of the development. SoftBank, the lead investor in Housing, had invested $15 million in the company in January […]

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SoftBank’s Masayoshi Son to visit India; big announcement on Ola expected

Masayoshi-SonSoftBank Group Corp chairman and managing director Masayoshi Son is coming to India early December when the Japanese telecom and Internet conglomerate is expected to make a few high-profile announcements, said two people directly aware of the upcoming visit. SoftBank is one of the largest investors in some of India’s leading consumer Internet companies that […]

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SoftBank may invest up to $300 mn in Ola

ola_feJapanese Internet and telecom firm SoftBank Group Corp may invest $250-300 million (Rs 1,700-2,000 crore) in ride-hailing service Ola, a media report said. The Economic Times reported, citing two people it didn’t name, that SoftBank will lead the next round of funding in ANI Technologies Pvt Ltd, which runs Ola. An Ola spokesperson didn’t respond […]

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SoftBank will continue to back Ola, Snapdeal, says top exec Alok Sama

Alok-Sama_7Japanese telecom and internet major SoftBank Corp will strongly back its investee firms Ola and Snapdeal as they take on global goliaths Uber Technologies Inc and Amazon.com Inc in a battle for larger market share and supremacy, according to a top SoftBank executive. Over the last two years, SoftBank has emerged as one of the […]

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Did Snapdeal, Ola, Grofers and Oyo just get a blank cheque from SoftBank?

Masayoshi-SonThe $100 billion-tech fund that SoftBank has just launched with Saudi Arabia’s sovereign fund Public Investment Fund (PIF) is good news for half a dozen Indian companies including Snapdeal, Ola, Grofers, Housing, Hike and InMobi. Some of these firms are facing huge fund crunch as their key backer SoftBank put a pause on writing large […]

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Nikesh Arora resigns from SoftBank

Nikesh AroraSoftBank Group Corp said on Tuesday president and chief operating officer Nikesh Arora has decided to resign from the company, in a sudden end to the India-born executive’s tenure at the Japanese telecom and Internet conglomerate. The development comes a day after SoftBank gave Arora, who was tipped to be the successor to chairman and […]

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