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Mar 01, 2021 07:25 PM IST Nearly 150 employees of hospitality startup Oyo have been absorbed by KPMG, as part of a deal won by the consulting firm last year, to deliver finance shared services for the SoftBank-backed unicorn.
Mar 01, 2021 04:50 PM IST SoftBank's telecom arm plans to fold Line Pay into PayPay, its Yahoo Japan unit and India’s Paytm in April 2022 after securing relevant regulatory approvals.
Feb 27, 2021 09:44 AM IST The settlement is also expected to clear the decks for WeWork as it reportedly pursues a public listing by merging with a special purpose acquisition company (SPAC).
Feb 23, 2021 05:38 AM IST The settlement would put to rest a prolonged legal battle between Neumann and Softbank, which dates back to 2019 when WeWork's IPO plans fell apart.
Feb 13, 2021 03:25 PM IST Japan’s SoftBank Group Corp has initiated the discussions between the two firms. However, the talks are private.
Feb 12, 2021 07:48 AM IST Oyo's business in Latin America, known as Oyo Latam, on Wednesday said it was moving to a digital-only model, and that the changes would require laying off nearly its entire staff.
Feb 09, 2021 03:38 PM IST Kashyap is set to join Vision Express Fund in the United States as per a statement from SoftBank.
Dec 15, 2020 11:19 AM IST Mindtickle started in 2011 with an aim to gamify the life of boring software companies and make their internal processes more fun. CEO Krishna Depura tells Moneycontrol how the company did this, expanded to the US, pivoted, and even secured funding from Japanese investment giant SoftBank
Nov 13, 2020 09:03 AM IST The online grocery space has seen some activity after rising in popularity during the COVID-19 pandemic.
Nov 09, 2020 05:02 PM IST Softbank's founder Masayoshi Son says one of the aims of these changes is to separate management and operations
Nov 09, 2020 12:57 PM IST Net profit for the six months to September came to 1.88 trillion yen ($18 billion), up from 421.6 billion yen a year earlier, the Japanese conglomerate said.
Nov 09, 2020 09:21 AM IST SoftBank Group Corp said on Monday it spent 139.3 billion yen ($1.35 billion) repurchasing almost 20 million shares in October, part of a record buyback plan that has seen the group's shares touch two-decade highs.
Oct 15, 2020 02:19 PM IST 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.
Oct 12, 2020 07:27 AM IST 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.
Oct 05, 2020 01:41 PM IST Almost everyone except SoftBank founder Masayoshi Son is opposed to the idea of going private through a buyout.
Sep 29, 2020 04:07 PM IST 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.
Sep 14, 2020 01:53 PM IST Arm licenses its chip designs and technology to companies such as Qualcomm, Apple and Samsung Electronics.
Sep 14, 2020 08:25 AM IST The Nvidia-Arm deal also marks the exit of Softbank, which had bought the chip-making company for USD 32 billion in 2016.
Sep 13, 2020 01:58 AM IST 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.
Sep 05, 2020 07:42 AM IST 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.
Sep 03, 2020 09:42 PM IST SoftBank also has a stake in ByteDance, the parent company of TikTok.
Sep 02, 2020 04:41 PM IST Unacademy was valued at $510 million in February this year when private equity giant General Atlantic led a $110 million round.
Aug 26, 2020 10:08 PM IST 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
Aug 14, 2020 06:39 PM IST The company told employees that it cut its cash burn rate almost in half to $671 million from the end of last year
Jul 16, 2020 04:08 PM IST Hotel owners have accused the startup of failing to honour contracts, withholding payments and breach of trust.
