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3 mins read
Stock buybacks and cutting losses: SoftBank, the Japanese investment giant behind WeWork, is under immense pressure to shield itself from an upcoming downturn
SoftBank still has a 16% stake in Uber, whose stock is still down about 45% because of the coronavi…
Bani Sapra
2 mins read
Softbank revealed the inside story of how it took an $8 billion stake in Uber
"And [those investors] were there. Why would the Uber board pick the Vision Fund? I worked for six …
Shona Ghosh
1 min read
SoftBank pumps in Rs 1,675 crore in Ola
SoftBank subsidiary SIMI Pacific Pte picked 12,97,945 shares valued at Rs 10 at a premium of Rs …
3 mins read
With its SoftBank deal, Uber may have invited a tiger into the hen house
More importantly, under new CEO Dara Khosrowshahi, Uber is making parts of Asia into a model of the…
Julie Bort
2 mins read
Ola-Didi Kuaidi to take on Uber together
Didi's investment in Bangalore-headquartered Ola comes close on the heels of it picking up stakes…
2 mins read
Masayoshi Son, the SoftBank CEO with $100 billion to blow, likes to quote Yoda and 'feel the force' when picking deals
Son's main lieutenant on the Vision Fund, Rajeev Misra, is also a man of unusual habits. According …
Shona Ghosh
1 min read
SoftBank Is Investing In China's Biggest Taxi App
SoftBank makes a huge amount of investments in tech companies. In December it invested $250 million…
James Cook
1 min read
Taxi hailing app, Ola raises $500 million from Tiger Global, SoftBank and others
Commenting on the funding, Bhavish Aggarwal, cofounder and CEO, Ola told ET, “We are excited about …
1 min read
Its World vs Uber: Ola ties up with 3 of the world’s largest taxi hailing apps!
This move will allow passengers to book rides on any of these services using just one app! This mea…
2 mins read
Qualcomm and Apple are reportedly going to help SoftBank to raise its $100 billion tech fund
At the time, The Financial Times reported that the fund - to be run by a new subsidiary company in …
Sam Shead
9 mins read
Venture investors still aren't sure what to make of SoftBank's $100 billion Vision Fund. Depending on who you ask, they're either rooting for it, or gleeful that it's struggling with WeWork and Uber.
The vast sums SoftBank is investing in startups - generally in the range of $100 million to several…
Troy Wolverton
2 mins read
Uber's smooth operator Dara Khosrowshahi has done something Travis Kalanick never could: turn a profit
The ride-hailing firm spent years burning through cash under its former CEO Travis Kalanick, but ha…
Hasan Chowdhury
3 mins read
OYO may file for a $1 billion IPO next week
Business Insider has reached out to OYO, seeking comments on the same. According to media r…
2 mins read
Singapore-based Grab is set to make its Nasdaq debut, months after agreeing to go public in the largest-ever SPAC merger
Founded as a ride-hailing service, Grab has since expanded to include delivery, shopping, and more.…
Lina Batarags
2 mins read
IPO-bound OYO increases authorised share capital to ₹901 crore
The development comes ahead of proposed initial public offering (IPO) by OYO, for which a draf…
PTI
2 mins read
Tencent and Alibaba Group have lost more than $100 billion in July as China cracked down on internet giants
The storm of regulatory changes — from new protection for workers to enforcement of minimum salari…
3 mins read
The VC industry is reeling from the breakneck pace of dealmaking in 2021. Here are the trends shaping tech's spending spree.
Venture capitalists are moving faster on deals and sweetening their investment offers with more fav…
Melia Russell
5 mins read
OYO bags a $7.4 million cheque as pandemic forces Ritesh Agarwal to reimagine the business
Ritesh Agarwal-led OYO has raised ₹54 crore or $7.4 million from Hindustan Media Ventures in a seri…
2 mins read
Delhi reports its lowest daily COVID-19 cases in 104 days, records 213 single day COVID-19 cases
Delhi on Saturday reported 213 new Covid cases, the lowest since March 1 when 175 people were found…
2 mins read
European stocks edge lower as investors eye the spread of the Delta variant, while China's tech sector weighs regulatory scrutiny
Covid-sensitive assets struggled, with the STOXX 600 Travel & Leisure index falling in its third su…