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SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit

The Japanese firm posted a $7.7 billion quarterly profit and is ready to chase fresh profits with n…

Hasan Chowdhury   


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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   


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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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A 'thaw in startup funding winter' as two unicorns emerge within a quarter

The year 2024 has been good for many startups, as deal activity is growing at a faster clip. While …

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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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OfBusiness, a platform that helps SMEs get raw materials, becomes the newest unicorn from India

As per the company’s press note, OfBusiness was valued at more than $1.5 billion. A unicorn, in …

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Agritech startup Vegrow raises $13 million Lightspeed, Elevation

Vegrow has raised $13 million in a Series A round co-led by Lightspeed Venture Partners and Elevati…

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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…

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SoftBank-backed True Balance is set to close its Series D funding round – founder says they are focussed on lending in India

SoftBank-backed payment and financial services platform True Balance has had its share of finding t…

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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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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…

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SoftBank has $13 billion unspent in India but Masayoshi Son is not betting on his own ‘vision’

Misra also told ET that SVF1 has invested $81 billion so far and has also returned $10.7 bil…

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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 …

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Anomalies that need to be fixed in India’s startup regulations

The regulatory clamp down on similar segments in China helped the valuations of Indian startup…

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Here’s why Grofers may allow an American 'blank cheque' firm to buy it out instead of fighting Ambani and BigBasket for IPO

India’s grocery market is estimated to be $600 billion and less than 5% of it is organised, accordi…

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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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OfBusiness joins Ola and InMobi in a special club of unicorns

Oxyzo Financial Services — the lending arm of existing unicorn OfBusiness — has raised $200 million…

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Unacademy enters the unicorn club with a $150 million funding from SoftBank

It’s been quite the year for Unacademy. The five-year old startup has entered the unicorn club with…

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Mark Cuban-backed Polygon raises nearly half a billion dollars from 40 VCs led by Sequoia

Homegrown blockchain technology firm Polygon has raised $450 million from more than 40 venture capi…