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  • Zopa raises $92 million as SoftBank sits out funding round Feb 02, 2023 06:13 AM IST

    Zopa raises $92 million as SoftBank sits out funding round

    IAG Silverstripe which in 2019 provided an eleventh-hour injection for Zopa to secure its banking licence led the equity round, with participation from U.S. hedge fund Davidson Kempner and venture capitalist Augmentum, Janardana said.

  • GoMechanic taps Cars24, Spinny for a distress sale Jan 23, 2023 04:27 PM IST

    GoMechanic taps Cars24, Spinny for a distress sale

    GoMechanic's latest funding round was called off last week following alleged misreporting of financials during due diligence, which the founders later admitted to.

  • Inmobi, India's first unicorn, lays off 50-70 employees on performance metrics Jan 22, 2023 10:02 PM IST

    Inmobi, India's first unicorn, lays off 50-70 employees on performance metrics

    The staffers who have been fired belong to Inmobi, as well as its second business Glance, which provides lock-screen-based content services, a report said, citing sources who are privy to the development.

  • GoMechanic founder admits to financial reporting errors, to lay off 70% of workforce Jan 18, 2023 11:52 AM IST

    GoMechanic founder admits to financial reporting errors, to lay off 70% of workforce

    GoMechanic was in talks to raise $75-80 million in a funding round led by SoftBank, but the deal was called off due to accounting irregularities

  • Meesho cuts monthly cash burn by 90% to $4 million, still has half a billion dollars in bank Dec 30, 2022 06:00 PM IST

    Meesho cuts monthly cash burn by 90% to $4 million, still has half a billion dollars in bank

    The e-commerce unicorn’s monthly cash burn was $40 million in January this year

  • SoftBank cuts India investments by 84% in 2022 amid macroeconomic headwinds Dec 20, 2022 10:45 AM IST

    SoftBank cuts India investments by 84% in 2022 amid macroeconomic headwinds

    The Japanese conglomerate, which posted huge losses globally, also logged the highest number of exits from India this year

  • SoftBank-backed OfBusiness in talks for a secondary funding round at valuation of $8-9 billion ahead of IPO Dec 08, 2022 04:11 PM IST

    SoftBank-backed OfBusiness in talks for a secondary funding round at valuation of $8-9 billion ahead of IPO

    OfBusiness is raising $50-$100 million from a slew of family offices, who will buy shares from some of the business-to-business (B2B) commerce and lending platform's investors

  • Masayoshi Son quietly ups SoftBank stake to 34%, edging toward buyout Dec 08, 2022 09:59 AM IST

    Masayoshi Son quietly ups SoftBank stake to 34%, edging toward buyout

    The billionaire now owns more than a third of the company he founded, after aggressive buybacks in the last two months reduced SoftBank’s outstanding stock by almost 90 million.

  • Tiger Global, SoftBank are the culprits. They are the bad guys: Inventus Capital's Kanwal Rekhi on private market slowdown and correction Dec 06, 2022 06:43 PM IST

    Tiger Global, SoftBank are the culprits. They are the bad guys: Inventus Capital's Kanwal Rekhi on private market slowdown and correction

    In a no holds barred interview, Rekhi said SoftBank pushed for growth instead of profitability and that a growth-stage startup with no profitability is nonsense.

  • Softbank sells 5.1% stake in Policybazaar for Rs 1,043 crore Dec 02, 2022 08:44 PM IST

    Softbank sells 5.1% stake in Policybazaar for Rs 1,043 crore

    Goldman Sachs Singapore Pte, Societe Generale, Morgan Stanley Mauritius and Max Life Insurance Company were among the buyers.

  • PB Fintech gains as Softbank reduces stake by half in a block deal Dec 02, 2022 09:11 AM IST

    PB Fintech gains as Softbank reduces stake by half in a block deal

    While the buyer and sellers were not known immediately, it was earlier reported that SoftBank was looking to offload 5 percent stake in the company

  • SoftBank to sell 5% stake in Policybazaar via block deal today Dec 01, 2022 06:46 PM IST

    SoftBank to sell 5% stake in Policybazaar via block deal today

    The stake that would be offloaded would be worth Rs 1,000 crore, the report said.

  • Paytm — Can the stock fall further? Nov 25, 2022 03:06 PM IST

    Paytm — Can the stock fall further?

    The combination of fundamental and technical factors would keep the stock range bound despite improved operating performance and reasonable valuations

  • SoftBank sells 4.5% in Paytm for Rs 1,631 crore Nov 18, 2022 08:13 AM IST

    SoftBank sells 4.5% in Paytm for Rs 1,631 crore

    Earlier this month, the lock-in period ended for the pre-offer investors that had invested in Paytm, which was listed on the bourses in November last year.

  • Masayoshi Son now owes SoftBank $4.7 billion on side deals Nov 18, 2022 08:01 AM IST

    Masayoshi Son now owes SoftBank $4.7 billion on side deals

    Over the years, the Japanese billionaire’s controversial personal stakes in SoftBank’s investments drew fire from investors, who pointed to the mix of personal and company interests as a corporate governance concern.

  • SoftBank won’t hasten exit from $1.8-billion holdings in Paytm, Policybazaar, Delhivery as lock-in expiry nears Nov 14, 2022 03:32 PM IST

    SoftBank won’t hasten exit from $1.8-billion holdings in Paytm, Policybazaar, Delhivery as lock-in expiry nears

    Japanese tech investor is sitting on net gains worth $160 million from venture investments worth $2.2 billion in the three unicorns; will look to pare stakes gradually over two years so as to not spark a sell-off in the new-age stocks 

  • Sam Bankman-Fried: The fall of the crypto king Nov 12, 2022 12:25 PM IST

    Sam Bankman-Fried: The fall of the crypto king

    On November 11, FTX filed for Chapter 11 bankruptcy protection in the US. Bankman-Fried, too, resigned as CEO after his crypto empire came under scrutiny for its financial practices.

  • SoftBank's Masayoshi Son bats for asset monetisation as he bids adieu to earnings calls Nov 11, 2022 07:25 PM IST

    SoftBank's Masayoshi Son bats for asset monetisation as he bids adieu to earnings calls

    Addressing the current market downturn as the third biggest after the dotcom bust and the Lehmann crisis, Son said that the Japanese investment conglomerate will monetise ‘whatever it can’ to survive through this economic downturn.

  • SoftBank swings to profit on sale of Alibaba stake after worst-ever quarter; Vision Fund reports 1.38 trillion yen loss Nov 11, 2022 11:54 AM IST

    SoftBank swings to profit on sale of Alibaba stake after worst-ever quarter; Vision Fund reports 1.38 trillion yen loss

    SoftBank Group reported a net profit of 3.08 trillion yen ($21.77 billion) in the three months to September 30, thanks to a $37.93 billion yen gain related to the early settlement of prepaid forward contracts using Alibaba’s shares, the company’s regulatory filings showed

  • Unacademy lays off 10% of workforce as funding winter for edtech worsens Nov 07, 2022 07:51 PM IST

    Unacademy lays off 10% of workforce as funding winter for edtech worsens

    The layoffs would happen across verticals, some of which would also be shut or scaled down, Munjal told employees in an internal email, a copy of which was seen by Moneycontrol.

  • What is valuation markdown for startups? Oct 25, 2022 11:18 AM IST

    What is valuation markdown for startups?

    Investors gauge private firms on their businesses, growth abilities, and macro environment to identify their ‘true’ value

  • Unacademy’s losses nearly double to Rs 2,848 crore in FY22 on higher ESOP costs Oct 22, 2022 08:02 PM IST

    Unacademy’s losses nearly double to Rs 2,848 crore in FY22 on higher ESOP costs

    Unacademy, however, reported an over 80 percent rise in operating revenue to Rs 719 crore from Rs 398 crore a year earlier. Its total income surged to Rs 845 crore in FY22 from Rs 464 crore a year earlier, thanks to a 2X rise in its other income to Rs 125 crore

  • Byju’s lacklustre FY21 results put spotlight on edtech valuations in India Oct 12, 2022 10:48 AM IST

    Byju’s lacklustre FY21 results put spotlight on edtech valuations in India

    According to an industry expert, growth-stage companies should not value themselves at more than 10 times their forward revenue multiple. Many edtech unicorns have raised had raised multi-million dollar rounds in 2021 at sky-high valuations.

  • SoftBank-backed tech unicorn Kavak expands in Middle East Oct 12, 2022 10:44 AM IST

    SoftBank-backed tech unicorn Kavak expands in Middle East

    Kavak plans to invest $130 million over the next two years in the three Middle-Eastern countries, which are set to represent 7-10% of its business, Garcia said.

  • SoftBank makes no Arm investment proposal to Samsung: Report Oct 05, 2022 01:13 PM IST

    SoftBank makes no Arm investment proposal to Samsung: Report

    The billionaire, who is making his first visit to Seoul in three years, said earlier that he'd like to talk with Samsung about a "strategic alliance with Arm".