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1 min read
Meesho posts first-ever quarterly profits in FY24, claims to be the first profitable e-commerce unicorn in Q2
Softbank-backed Meesho on Friday said it became the first e-commerce unicorn to post consolidated p…
PTI
1 min read
Softbank-backed Saas platform Unicommerce registers 50% revenue growth in FY23
Softbank-backed SaaS platform Unicommerce has registered a 50% growth in revenue driven by onboardi…
PTI
4 mins read
Paytm stock searches for a new bottom despite assurances by the management
The restrictions placed on PayTM Payments Banks (PPBL) by the regulator has triggered a sharp sello…
1 min read
SoftBank likely sold 2.5% stake worth Rs 747 cr in Delhivery
Integrated logistics provider Delhivery on Friday saw 2.51 per cent of its shares worth Rs 747 cror…
1 min read
IPO-bound FirstCry's CEO Supam Maheshwari offloads shares worth Rs 300 crore: Report
FirstCry CEO has also listed himself as a selling shareholder in the public issue, according to the…
1 min read
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.…
4 mins read
Marcelo Claure and Paul Judge bought SoftBank's diversity fund. Now they're trying to raise $200 million for it.
Claure and Judge are trying to recreate and capitalize on the success of the fund's first vehicle w…
Vishal Persaud
4 mins read
Swiggy reports nearly three-fold increase in annual revenue, in neck and neck race with Zomato
Revenue of food delivery giant Swiggy has grown 2.8 times in the last one year, between June 2020 a…
2 mins read
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 …
5 mins read
Paytm’s optimistic growth projections boost sentiments, shares climb nearly 8%
Shares of Paytm surged sharply on Friday after the company’s analyst meeting on December 1 set an …
6 mins read
Not just small investors, even Alibaba-owned ANT Group and Softbank have lost money on Paytm
All the retail investors who lost money on Paytm’s public issue, it may bring you some solace that …
1 min read
A $1 billion metaverse platform that sells high fashion for digital avatars is getting backing from SoftBank and the investors behind K-pop sensation BTS
SoftBank's Vision Fund II invested $150 million in Zepeto, the Wall Street journal reported.
Natasha Dailey
2 mins read
Former WeWork CEO Adam Neumann reportedly hosted a 9 a.m. party for employees to celebrate the company going public
Neumann, who resigned as CEO in 2019, has a roughly 10% stake in the company.
Francis Agustin
2 mins read
OYO takes first step towards a $1.2 billion IPO, reportedly appoints 3 investment banks
The development was reported by Moneycontrol citing industry sources, who also highlighted that …
2 mins read
Bharti-led OneWeb raises funds from Softbank, Hughes, taking its total funding to $1.4 billion
OneWeb, the Low Earth Orbit (LEO) satellite communications company jointly owned by the UK governme…
2 mins read
The founders of OYO and Zomato pump in money to make edtech startup Unacademy worth $3.4 billion — a ten fold jump in 18 months
The six-year old startup founded by Gaurav Munjal, Hemesh Singh and Roman Saini, Unacademy…
2 mins read
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…
2 mins read
Warren Buffett's Berkshire Hathaway could bag a 60% profit when Paytm goes public
The billionaire investor's company plans to sell at least some of its 2.8% stake in Paytm when the …
Theron Mohamed
2 mins read
Ola Electric has raised $100 million in debt to start producing its electric scooters soon
Ola Electric has raised $100 million of debt from the Bank of Baroda.
2 mins read
Steadview Capital invests in SoftBank-backed logistics unicorn Delhivery – founder eyes an IPO in the next 15 months
Indian logistics unicorn Delhivery has raised investment from Steadview Capital. The global investm…