Amazon.com Inc. agreed to invest $50 billion in the round, while Nvidia Corp. and SoftBank Group Corp. each put in $30 billion
The Japanese investment conglomerate, led by founder Masayoshi Son, continues to strengthen ties with OpenAI as global tech firms race to gain an edge in the increasingly competitive generative AI space
The Japanese investment major has made 24 investments in India through its Vision Funds, with eight portfolio companies listing on public markets and four full exits
Over the nine months through December, SoftBank booked $19.8 billion in cumulative gains tied to OpenAI, reflecting the sharp rise in the company’s fair value
A pre-IPO round will precede the listing and the firm’s reverse flip (redomiciling from Singapore to India) is in process, sources told Moneycontrol
Emergent will use the funds to launch new products, strengthen offerings to smartphone users, kickoff enterprise relationships (B2B sales), hire more employees and set up an office in Europe, Mukund Jha, co-founder and CEO, told Moneycontrol.
DigitalBridge is one of the biggest investment firms focused on digital infrastructure, with about $108 billion of assets under management at the end of September
In an interview with Moneycontrol, SoftBank's Sumer Juneja said the Japanese investment giant is confident of deploying capital in India, even through smaller, sharper bets.
In an interview with Moneycontrol, Juneja said while competing with public markets may not be ideal for big funds, the rush of liquidity is phenomenal for the Indian startup ecosystem.
The round, which will be Emergent’s largest, will also mark SoftBank’s return to the Indian startup ecosystem. SoftBank has remained on the sidelines and largely done only follow-on rounds
InMobi will repurchase the shares to reduce SoftBank’s holding to less than 10% from more than 30%
SoftBank had written off this investment in around 2016 but it has now made $250 million on a bet it took 14 years ago. So, any proceeds would be positive for SoftBank, a source told Moneycontrol.
The Japanese tech investor sits at the forefront of a global AI selloff amid worries about new pressure on OpenAI following Alphabet Inc.’s Gemini 3.0 debut
The Japanese company said in a statement Wednesday that the impact of the deal on its finances and earnings is under review
The stock sank as much 11% on Tuesday, following a 10.9% dive in the previous session before Japan’s long weekend
A SoftBank deal would mark the Japanese conglomerate’s first new investment in India in more than three years.
The share drop also comes amid investor concerns about the risk that rapidly rising tech valuations are overextended, even as SoftBank moves to deepen its exposure to the AI sector
Following its best session since May, the cohort of big tech weighed on equities
The Japanese investment group's board has approved the installment as long as the AI startup completes a corporate restructuring that would pave the way for an eventual public offering
SoftBank is close to signing a deal with a handful of lenders for a margin loan secured by shares of its chip unit Arm Holdings
Swiss engineering group ABB had announced that it is divesting the robotics business at an enterprise value of $5.375 billion, which it said will create value for shareholders and reflects long-term strengths of the robotics business.
The joint venture was supposed to be set up this summer but preparations are taking longer than anticipated, with an update on progress expected in November, says report
Intel shares jumped about 5% in late trading after the announcement. They had closed at $23.66 in New York after a year-to-date gain of 18%.
Moneycontrol was first to report on July 9 about Bansal’s plans to borrow around Rs 200 crore and fund this share purchase at a valuation of $1 billion, 90% lower than the $10 billion price tag it is aiming for during its IPO later this year
The company clocked a robust 33% Revenue CAGR over last 2 years, reaching Rs 6,524 Cr in FY25 with 60% contribution from India and the remaining from international markets. Lenskart has a high gross margin of 69% with around 500 bps expansion over last two years, the DRHP showed.