OYO Rooms appoints Amazon exec as CTO

Anil-Goel_OYO-CTO2Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, has appointed Anil Goel as chief technology officer, according to a press statement. Goel was previously with Amazon as the global head of technology for customer returns and reverse logistic business. Prior to that, he was the CTO for Hike Messenger. Goel has […]

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SoftBank internal review gives clean chit to Nikesh Arora

Nikesh AroraJapanese Internet and telecom conglomerate SoftBank Group Corp has given its president and chief operating officer Nikesh Arora a clean chit on allegations raised by unknown investors represented by a New York law firm after a panel of its independent directors reviewed those complaints. “As I said when these allegations first became public, I have […]

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Nikesh Arora’s India deals that SoftBank investors are seeking probe into

Nikesh AroraA group of SoftBank shareholders has demanded an internal probe into the actions of company president and COO Nikesh Arora for alleged conflict of interest and poor business decisions and has also asked for his “possible dismissal”. Among the deals highlighted by stakeholders are some of the investments made by Arora in his personal capacity […]

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Softbank investors seek Nikesh Arora’s dismissal; co stands by him

Nikesh_AroraA group of shareholders of SoftBank has written to its board of directors demanding an internal investigation against the firm’s president and COO Nikesh Arora, who is seen as the successor to CEO Masayoshi Son. In the letter—dated January 20th and signed by Matthew L Schwartz, a partner with US law firm Boies Schiller & […]

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Softbank investors seek Nikesh Arora’s dismissal; co stands by him

Nikesh_AroraA group of shareholders of SoftBank has written to its board of directors demanding an internal investigation against the firm’s president and COO Nikesh Arora, who is seen as the successor to CEO Masayoshi Son. In the letter—dated January 20th and signed by Matthew L Schwartz, a partner with US law firm Boies Schiller & […]

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SoftBank Ventures Korea backs Gurgaon-based True Balance

SoftBank-Ventures-KoreaSoftBank Ventures Korea, part of Japanese internet conglomerate SoftBank Corp, has made an undisclosed amount of investment in a Series A round of funding in Gurgaon-based startup True Balance, an app that allows users to check their mobile phone balance. The startup will use the funds for product enhancement and expansion, it said in a […]

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Housing.com gets $15M more from SoftBank

Housing99Realty portal Housing.com said on Thursday it has raised Rs 100 crore (about $15 million) in fresh capital from lead investor SoftBank Corp, a little more than a year after the company last secured venture funding. Techcircle.in had first reported last October that the Japanese telecom and internet conglomerate would soon pump in more money […]

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Worried about how some startups are scaling: SoftBank’s Arora

Nikesh Arora seems to be concerned that some of SoftBank’s investee firms in India are overspending in the process of scaling up. Arora, who is the Japanese internet conglomerate’s president and chief operating officer, wants early-stage companies to be prudent in their marketing spend. “We invest in industry leaders or potential industry leaders with some […]

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Exclusive: Housing.com to raise fresh money from SoftBank

Locon Solutions Pvt Ltd that runs realty portal Housing.com is soon to raise fresh capital from its existing lead investor SoftBank, almost a year after it last raised venture funding, two sources privy to the development told Techcircle.in. It would also be the first round of fresh funding since the startup’s board sacked its co-founder […]

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