Aug 08, 2022 05:01 PM ISTWhile Son did not give any details on the headcount reduction, he said that it was imperative for the Japanese investment conglomerate to undertake layoffs in a bid to cut costs since the company reported big losses for two consecutive quarters.
Aug 08, 2022 01:21 PM IST CEO Asish Mohapatra also said the last round that OfBusiness raised in December 2021 was the company’s last private market fundraise
Aug 08, 2022 11:47 AM IST SoftBank’s Vision Fund investment unit, through which the Japanese conglomerate invests in companies, posted a net loss of as much as $23 billion hitting the companies profits for the quarter ended June
Aug 06, 2022 05:59 PM IST Pre-IPO shares will be released from their Sebi-mandated lock-in, said CNBC TV18’s Prashant Nair in Editors’ Roundtable
Aug 05, 2022 05:51 PM IST Mamaearth, Lenskart, Acko, Meesho, ElasticRun and InMobi also participated in the meeting held in Bengaluru on August 3 and 4.
Aug 05, 2022 03:05 PM IST The meeting comes at a time when many unicorns, over the last two years, had openly talked about getting publicly listed in the medium term
Aug 05, 2022 07:42 AM IST Two more managing partners at the company’s Vision Fund, Yanni Pipilis and Munish Varma, are leaving, Bloomberg News reported last week, bringing the number of top level departures from the world’s largest investment fund to at least 10 since March of 2020.
Aug 02, 2022 08:08 AM IST Unacademy told the educators that it has made 'strategic changes' to its customised learning solutions and owing to the change, it will 'significantly' reduce doubt solving on its platform.
Jul 19, 2022 08:11 AM IST The departures of investment minister Gerry Grimstone and digital minister Chris Philp, following the collapse of UK Prime Minister Boris Johnson's government earlier this month, have led SoftBank to pause discussions about Arm's UK listing next year, the FT reported, citing people briefed on the talks.
Jul 12, 2022 05:19 PM IST The company has laid off over 750 employees or about 12 percent of its workforce including educators and contractual employees since the start of 2022.
Jul 11, 2022 04:26 PM IST Employees, including CXOs (top management) will not be provided business class treatment for travel and anyone who wants an upgrade can pay from their own pocket
Jul 09, 2022 09:12 PM IST Unacademy's move to increase its ESOP pool comes at a time when the company laid off over 750 employees including educators, in a bid to cut costs amid a potential funding winter for India's startups.
Jul 08, 2022 07:01 AM IST Kota holds significant importance for new-age edtech companies such as Unacademy, as it has been an offline education hub, especially for engineering and medical test preparations, for decades
Jul 08, 2022 06:22 AM IST Japan Computer Vision Corp (JCV), owned by SoftBank Group Corp's wireless unit, has struck deals on payments in recent months, a potential breakthrough for SoftBank founder Masayoshi Son's dream of driving new business through partnership between his tech investments.
Jul 07, 2022 07:39 PM IST Our specially curated package of the most interesting articles to help you stay at the top of your game.
Jul 07, 2022 05:12 PM IST Misra will keep role with first $100 billion Vision Fund. Decision to step back completes hollowing out of senior ranks
Jun 29, 2022 07:59 AM IST Aatrey’s comments come at a time when high-growth tech companies, which got listed on the bourses last year, including unicorns such as Paytm, Zomato, and PolicyBazaar, among others have been dumped by public market investors as these firms have never managed to show a company-level profit.
Jun 23, 2022 12:51 PM IST As the pandemic recedes, competition between education companies in Kota is a lot more fierce than among the students as edtech startups look to hire teachers for their offline enterprises.
Jun 22, 2022 10:08 AM IST SoftBank transformed the tech industry with big bets on late-stage startups but the conglomerate has turned over much of its executive team and has been forced to radically scale back investing activity through its Vision Fund as its portfolio slumps.
Jun 21, 2022 08:18 PM IST The new panel will work on public policy consultations, stakeholder engagement, ecosystem enhancement, and building a strong industry network for VC firms.
Jun 18, 2022 09:38 AM IST Earlier this year, Unacademy had laid off around 600 employees, or 10 percent, of its workforce, to reduce cash burn
Jun 13, 2022 12:17 PM IST Shah’s investments have dropped sharply in 2022 with the overall funding to India’s startup ecosystem, which is currently the world’s third-largest, slowing amid a correction in global financial markets. According to data shared by data analytics firm Tracxn Technologies, Shah has closed only 26 rounds so far this year.
Jun 10, 2022 01:23 PM IST Meesho had registered 1 million orders during the "Maha Indian Savings Sale" it hosted on June 6, last year.
Jun 07, 2022 03:40 PM IST Ola Electric, which is sponsored by SoftBank Group, is in talks with a number of global suppliers to develop a battery cell manufacturing plant in India.
Jun 06, 2022 12:13 PM IST The slowing demand for technology-based education services, coupled with the much-talked-about funding winter, has had a domino effect on India's thriving edtech companies, forcing them to lay off employees, go slow on expansion, cut down excess spends and explore newer revenue streams. Some edtech companies have even shut operations
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