About 145 current and former employees are expected to exercise their options to sell their Employee Stock Option Plans, given to early employees who join a startup as part of their salary.
The investment will value Mindtickle at $500-600 million, double the $250 million it was valued at in July last year, when Norwest Venture Partners led a $40 million round.
Almost everyone except SoftBank founder Masayoshi Son is opposed to the idea of going private through a buyout.
The Oyo Hotels and Homes founder opens up about the $10-billion hospitality company’s troubles and each of the critical issues gnawing at it in in his most wide-ranging interview yet.
Arm licenses its chip designs and technology to companies such as Qualcomm, Apple and Samsung Electronics.
The Nvidia-Arm deal also marks the exit of Softbank, which had bought the chip-making company for USD 32 billion in 2016.
The cash-and-stock deal could be sealed early next week and would value Arm in the low $40 billions, the Journal report said, citing sources.
Softbank, the biggest investor in Oyo, will use part of its $5 billion Latin America fund to invest in the newly formed company called Oyo Latam which will take over 1,000 hotels mainly in Brazil and Mexico.
SoftBank also has a stake in ByteDance, the parent company of TikTok.
Unacademy was valued at $510 million in February this year when private equity giant General Atlantic led a $110 million round.
The Indian arm of American investment firm Sequoia Capital India is currently backing eight Indian unicorns including Byju's, OYO, Zomato, Unacademy, and SaaS players Druva and Freshworks among others
The company told employees that it cut its cash burn rate almost in half to $671 million from the end of last year
Hotel owners have accused the startup of failing to honour contracts, withholding payments and breach of trust.
SB Energy is a joint venture between SoftBank and Bharti Enterprises.
If completed, investment could thrust online education platform into unicorn club.
SoftBank Chief Executive Masayoshi Son is undertaking an asset monetisation programme to raise $41 billion to fund share buybacks and reduce debt, following a series of soured tech investments that drove the group to a record annual loss.
The revision to the outlook represents a doubling-down by Moody's after it cut SoftBank deeper into junk territory in March - leading to the indebted conglomerate taking the unusual step of asking for its rating to be withdrawn.
This follows last month's announcement the Alibaba's Jack Ma will be leaving SoftBank's board.
The rise in corporate value was driven by the growth of SoftBank's stake is Chinese e-commerce giant Alibaba Group Holding Ltd and following the successful merger of its U.S. wireless unit with T-Mobile US Inc.
SoftBank on Monday unveiled a series of transactions to divest more than $21 billion worth of stock in T-Mobile, as it seeks funding for a $41 billion share buyback and debt reduction plan. This included a public offering of 133.5 million shares.
SoftBank currently holds 25 percent stake in T-Mobile and may sell part of it to Deutsche Telekom AG.
Grab, Southeast Asia's most valuable startup that is backed by SoftBank Group Corp and was last valued at $14 billion, flagged the layoffs at a townhall for staff, according to people with knowledge of the matter.
This is more than the company’s intended 10 percent staff cut planned in May
Acquisition of Etergo may look unrelated to Ola’s service business but maybe Ola has decided it needs a new business
Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks