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Delhivery shares edge lower after SoftBank offloads 3.8% stake for ₹954 crore

Shares of logistics provider Delhivery were down 2% in morning trade on Thursday, a day after Japan…

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SoftBank CFO's pay fell nearly 40% after the company's VC fund lost $26.2 billion, a report says

The 100 million yen paycheck for SoftBank's founder and CEO Masayoshi Son stayed roughly the same b…

Rosie Bradbury   


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Softbank chief says that those who don't adopt AI are 'goldfish' who will be 'left behind'

The Softbank founder believes that AI will surpass all human knowledge by 2030.

Tom Carter   


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Nvidia's investment in startups has nearly tripled as other tech heavyweights pull back

Nvidia's venture investing saw a 280% year-over-year increase as the firm unleashed its cash pile o…

Filip De Mott   


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Former SoftBank country head Manoj Kohli joins WeWork India as an independent director

WeWork India said on Monday that it has appointed Manoj Kohli, former country head of SoftBank Indi…

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SoftBank-backed chipmaker Arm surges 21% in its trading debut after blockbuster $55 billion IPO

The much-anticipated debut of the chip designer comes amid a broad slump in IPO market following th…

Phil Rosen   


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Swiggy gets a $1.25 billion cheque from Softbank for the same reason Zomato went for an IPO

Swiggy has raised $1.25 billion in a funding round led by SoftBank Vision Fund II and Prosus, a wee…

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OYO raised $660 million in debt funding to repay past debts

OYO has raised $660 million in debt from undisclosed institutional investors as the Gurugram-based …

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Leah Rosenbaum,Megan Hernbroth   


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SoftBank will cut investments in Chinese startups as it awaits more regulatory clarity

"Until the situation is clearer we want to wait and see," CEO Masayoshi Son said. "In a year or two…

Isabelle Lee   


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E-commerce platform Flipkart to buyback employee stock options worth ₹600 crore, say sources

Earlier in the day, Flipkart announced raising $3.6 billion (about Rs 26,805.6 crore) in funding…

PTI   


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Facebook-backed Meesho raises $300 million from SoftBank Vision Fund 2 – valuation jumps to over $2 billion

The round also saw participation from Meesho’s existing investors Prosus Ventures, Facebook, Shu…

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Unicorns and startups should prepare for a longer funding winter, says SoftBank's Masayoshi Son

Masayoshi Son, Founder and CEO of Japanese investment group Softbank, on Monday warned unicorns and…

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SoftBank would cut startup funding by half this year as losses cross $13 billion

Japanese investment giant SoftBank on Thursday reported a huge net loss of 1.708 trillion yen ($13.…

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GlobalBees, a Thrasio-style startup launched by FirstCry and Edelweiss execs, raises $150 million in few months of launch

GlobalBees, a Thrasio-style investment platform, has raised $150 million in a mix of equity and deb…

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FedEx makes its first strategic investment in India, puts $100 million in Delhivery’s kitty

FedEx Express has made a strategic investment of $100 million in Indian logistics startup Delhivery.

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OYO’s valuation nears $10 billion with Microsoft’s $5 million investment

Global tech giant Microsoft has invested $5 million in hotel and hospitality business OYO, reported…

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SoftBank CEO says he had a crisis that left him in tears for days and made him question his achievements

Masayoshi Son made the comments, which were reported by The Financial Times, during SoftBank's annu…

Beatrice Nolan   


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SoftBank's founder compared himself to Jesus and Yoda. His tech fund lost a record $32 billion this year.

SoftBank was once described as a "spaceship." Economic turmoil has brought it crashing to Earth.

Hasan Chowdhury   


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SoftBank will unwind the 'Nasdaq whale' options trades that cost the firm nearly $3 billion, report says

Investors and employees have questioned the firm's risky trades and called for a return to more dis…

Ben Winck