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Feb 02, 2023 06:13 AM ISTIAG 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.
Jan 23, 2023 04:27 PM IST GoMechanic's latest funding round was called off last week following alleged misreporting of financials during due diligence, which the founders later admitted to.
Jan 22, 2023 10:02 PM IST 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.
Jan 18, 2023 11:52 AM IST 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
Dec 30, 2022 06:00 PM IST The e-commerce unicorn’s monthly cash burn was $40 million in January this year
Dec 20, 2022 10:45 AM IST The Japanese conglomerate, which posted huge losses globally, also logged the highest number of exits from India this year
Dec 08, 2022 04:11 PM IST 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
Dec 08, 2022 09:59 AM IST 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.
Dec 06, 2022 06:43 PM IST 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.
Dec 02, 2022 08:44 PM IST Goldman Sachs Singapore Pte, Societe Generale, Morgan Stanley Mauritius and Max Life Insurance Company were among the buyers.
Dec 02, 2022 09:11 AM IST 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
Dec 01, 2022 06:46 PM IST The stake that would be offloaded would be worth Rs 1,000 crore, the report said.
Nov 25, 2022 03:06 PM IST The combination of fundamental and technical factors would keep the stock range bound despite improved operating performance and reasonable valuations
Nov 18, 2022 08:13 AM IST 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.
Nov 18, 2022 08:01 AM IST 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.
Nov 14, 2022 03:32 PM IST 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
Nov 12, 2022 12:25 PM IST 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.
Nov 11, 2022 07:25 PM IST 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.
Nov 11, 2022 11:54 AM IST 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
Nov 07, 2022 07:51 PM IST 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.
Oct 25, 2022 11:18 AM IST Investors gauge private firms on their businesses, growth abilities, and macro environment to identify their ‘true’ value
Oct 22, 2022 08:02 PM IST 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
Oct 12, 2022 10:48 AM IST 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.
Oct 12, 2022 10:44 AM IST 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.
Oct 05, 2022 01:13 PM IST 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".
