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Softbank exits Paytm at loss of around $150 million

Softbank exits Paytm at loss of around $150 million

Sat, Jul 13, 2024

Softbank held around 18.5 per cent stake in Paytm before the company's initial public offering (IPO) in 2021. It held a 17.3 per cent stake through SVF India Holdings (Cayman) Ltd and 1.2 per cent through SVF Panther (Cayman) Ltd.

Japan's SoftBank cuts stake in Paytm to under 3%

Japan's SoftBank cuts stake in Paytm to under 3%

Thu, Feb 29, 2024

The stock has fallen 48.5 per cent and lost around 234 billion rupees ($2.8 billion) in value since the Reserve Bank of India on January 31 ordered the company to wind down its banking arm citing persistent non-compliance with regulations.

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses

Thu, Feb 08, 2024

Tokyo-based SoftBank reported a 950 billion yen (USD 6.4 billion), profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier.

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Paytm may face anchor lock-in period expiry heat as Softbank likely to sell 4.5% stake in firm for nearly 1,627 cr – sources

Paytm may face anchor lock-in period expiry heat as Softbank likely to sell 4.5% stake in firm for nearly 1,627 cr – sources

Wed, Nov 16, 2022

Softbank is the second largest shareholder with a 17.5 per cent stake in the company. With this transaction, the overall holding of Softbank in Paytm is likely to come down to 13 per cent.

Paytm investors seem not in a hurry to sell: Analysts

Paytm investors seem not in a hurry to sell: Analysts

Wed, Nov 16, 2022

Paytm's pre-IPO investors like Warren Buffet, SoftBank, Elevation Capital, Alibaba are long-term investors.

IPO-bound OYO valuation dips in pvt market—Here is why

IPO-bound OYO valuation dips in pvt market—Here is why

Wed, Oct 05, 2022

Last month, in a regulatory filing OYO reported a revenue of Rs 1,459.32 crore in the three-month period ended June 30, 2022.

SoftBank cuts valuation of Oyo to $2.7 billion: Report

SoftBank cuts valuation of Oyo to $2.7 billion: Report

Fri, Sep 23, 2022

The reported valuation cut comes at a time when the hospitality major is eyeing its initial public offering (IPO) in months to come.

Economic downturn impact? SoftBank posts massive $23.4 billion loss, 2nd straight quarter in red

Economic downturn impact? SoftBank posts massive $23.4 billion loss, 2nd straight quarter in red

Mon, Aug 08, 2022

The Masayoshi Son-led Japanese giant posted massive losses for its second straight quarter. The conglomerate earlier reported net loss at $16.2 billion for its January-March quarter this year.

Zepto raises new funds at $900 million valuations, indicates increasing interest of investors in the sector

Zepto raises new funds at $900 million valuations, indicates increasing interest of investors in the sector

Thu, May 05, 2022

Indian grocery start-up Zepto has announced raising USD 200 million in new funding, valuing the company at USD 900 million.

SoftBank in talks with Tata and Mahindra for stake buy in their subsidiary, says bank’s top official

SoftBank in talks with Tata and Mahindra for stake buy in their subsidiary, says bank’s top official

Sat, Mar 12, 2022

Japanese investor SoftBank Investment Advisers is in talks with Tatas and Mahindras for a stake buy in one of their subsidiaries, a top official said on Friday.

SoftBank-backed Snapdeal files for IPO, consists $165.09 million fresh issue of shares

SoftBank-backed Snapdeal files for IPO, consists $165.09 million fresh issue of shares

Tue, Dec 21, 2021

Several SoftBank-backed companies and many popular names such as payments platform Paytm, beauty e-commerce retailer Nykaa and food delivery platform Zomato have sought a listing in India this year as ample liquidity and strong retail participation pushed the stock market to record levels.

Better.com CEO Vishal Garg apologises for mass layoffs over Zoom call

Better.com CEO Vishal Garg apologises for mass layoffs over Zoom call

Wed, Dec 08, 2021

In a letter to employees that was leaked on Blind, an anonymous community app for the workplace, Garg said: "I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better. I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you."

SoftBank shares jump 10% on $9 billion buyback

SoftBank shares jump 10% on $9 billion buyback

Tue, Nov 09, 2021

SoftBank Group Corp shares jumped 10% on Tuesday, the first trading session after the Japanese conglomerate said it would spend up to 1 trillion yen ($8.8 billion) buying back almost 15% of its shares.

Ola Electric raises over $200 million; valuation stands at $3 billion

Ola Electric raises over $200 million; valuation stands at $3 billion

Thu, Sep 30, 2021

The fundraise comes at a time when Ola has already set the benchmark in two-wheeler sales by selling over US$150Mn of scooters in its first purchase window

Cars24 raises $450 mn, valuation nearly doubles to $1.84 bn

Cars24 raises $450 mn, valuation nearly doubles to $1.84 bn

Mon, Sep 20, 2021

With the chip crunch driving up prices, automakers such as Maruti Suzuki India, Tata Motors and Mahindra and Mahindra have taken production hits and raised prices of certain vehicles.

SoftBank''s Vision Fund posts $2 billion profit, share weakness casts shadow

SoftBank''s Vision Fund posts $2 billion profit, share weakness casts shadow

Tue, Aug 10, 2021

SoftBank Group Corp`s Vision Fund unit on Tuesday posted a 236 billion yen ($2.14 billion) profit in the first quarter after gains from listing portfolio companies were offset by falling shares in firms like e-retailer Coupang Inc.

SoftBank's Son sticks with gut-led investing in chat with Alibaba's Jack Ma

SoftBank's Son sticks with gut-led investing in chat with Alibaba's Jack Ma

Fri, Dec 06, 2019

Son`s comments come weeks after he was forced to bail out office-sharing startup WeWork when Neumann`s level of control over his firm and hard-partying ways chilled investor appetite and crashed plans for an initial public offering (IPO).

Japanese fashion tycoon Maezawa shows off $900 million SoftBank payday

Japanese fashion tycoon Maezawa shows off $900 million SoftBank payday

Mon, Dec 02, 2019

Japan`s Yusaku Maezawa on Friday posted footage of a $900 million payday for the fashion magnate following his sale of a stake in Zozo Inc, the online fashion retailer he founded, to SoftBank Group Corp.

SoftBank to create $30 billion tech giant with Yahoo Japan, Line Corp merger

SoftBank to create $30 billion tech giant with Yahoo Japan, Line Corp merger

Mon, Nov 18, 2019

SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech giant.

SoftBank to tighten governance at start-ups after WeWork debacle

SoftBank to tighten governance at start-ups after WeWork debacle

Tue, Nov 05, 2019

SoftBank Group Corp is expected to outline tougher governance standards and restrictions on dual-class share structures on Wednesday after WeWork pulled its IPO.

SoftBank to write down minimum $5 billion for WeWork, other losses

SoftBank to write down minimum $5 billion for WeWork, other losses

Fri, Oct 25, 2019

SoftBank Group Corp <9984.T> is poised to write down at least $5 billion to account for a sharp drop in the value of some of its biggest holdings including WeWork and Uber Technologies Inc.

SoftBank's WeWork takeover would lead to Adam Neumann''s exit - sources

SoftBank's WeWork takeover would lead to Adam Neumann''s exit - sources

Tue, Oct 22, 2019

SoftBank Group offered nearly $10 billion on Monday to WeWork and its shareholders under a takeover plan that would keep the US office-space sharing start-up afloat.

SoftBank aims to oust Adam Neumann as WeWork CEO: Report

SoftBank aims to oust Adam Neumann as WeWork CEO: Report

Mon, Sep 23, 2019

Japanese conglomerate SoftBank Group reportedly wants to oust Adam Neumann as the CEO of WeWork, a US firm that provides shared workspaces for start-ups. WeWork directors were planning an immediate board meeting this week to discuss the details of removing Neumann.

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