From cab aggregation to food delivery, Uber has always seen fast growth in India. Online grocery may be no different if it manages to find the right operating model.
The deal would further sideline co-founder Adam Neumann, who resigned as chief executive last month but still wields influence over the company because his shares carry higher voting power.
In February, CCI had approved SVFD's subscription to compulsorily convertible preference shares amounting to 22.44 per cent of the total shareholding of Delhivery, the document accessed by business intelligence platform paper.vc showed.
A look at Masayoshi Son’s investments in Indian startups like Oyo and Ola would show Softbank’s inclination to invest at inflated valuations. It is time startup founders and their financial backers stop bluffing
For example, SoftBank and the Vision Fund now face the prospect of harsh write-downs on some of their investments. WeWork and its advisers considered selling shares in its public offering at a valuation as low as $15 billion, well below the $47 billion valuation at which SoftBank last invested in the company in January.
Softbank-invested WeWork’s IPO hit a bump due to valuations that seemed too high. A share buy-back by founder helped Oyo’s valuation jump three-fold within a year.
Mounting losses and expansion into several business areas could derail India’s first profit-making payments bank. For mobile wallet Paytm, banking could be its best pathway to an IPO
Putting The We Company's offering on hold would disrupt that schedule at a time when SoftBank is seeking funds from investors for a second Vision Fund.
M&M started tapping the services space earlier this year, probably because it realized selling cars may not be enough to sustain growth. The Meru deal is a big leap in that front.
Pension and sovereign wealth funds are loaded with money, risk appetite and a willingness to wait for long. While SoftBank is still dominant, the late-stage funding market no longer seems to be its domain.
Earlier this August the company had committed to invest €300 million in the vacation homes business in Europe, with a special focus on strengthening technology.
This would be the first time that investors participate via investments rather than a specified share
The other investors who are interested in the round are a clutch of smaller Chinese and American investors
The hotel start-up has launched a coffee chain, French Press. Delhi and Bengaluru have got a café each, more on the way.
Soon after resisting SoftBank and Tiger, Ola got the two to invest in Ola Electric on its terms
SoftBank said it was still talking to potential investors and that it expected the fund's anticipated capital to grow.
In other news, SoftBank Vision Fund, the late stage fund led by Japan’s Masayoshi Son and one of the biggest investors in Indian tech-enabled startups, said it is not in a hurry to list the companies it has invested in the country and would wait for the right opportunity
SoftBank Vision Fund’s $250 million worth injection into Ola Electric Mobility signalled relaxed ties.
SoftBank, led by Masayoshi Son, recently said it plans to invest $2-4 billion in India.
SoftBank lost its claim to two seats on the board of Uber Inc when the ride-hailing giant floated in the stock market in May.
Shared mobility is in for a renaissance – this time, electric is the catchword. Softbank’s latest funds infusion bears testimony to that
SoftBank is also the single largest investor in Ola.
Partner hoteliers have complained that OYO charges a lot form them and also have issues with the pricing.
With the first Vision Fund having spent much of its capital in its two years of life, Son in May said a second fund would launch "soon" even if SoftBank was initially the only investor.