Page 15 - Softbank

Softbank-backed Brazilian crypto firm acquires Portuguese exchange

The Brazilian firm, valued at roughly $2.2 billion, declined to disclose the terms of the acquisition, but said the transaction is pending approval with Banco de Portugal, the nation's central bank.

GlobalBees enters unicorn club with $111.5 mn funding led by Premji Invest

GlobalBees was founded in May 2021 and has built a diverse portfolio of companies across categories.

Snapdeal files IPO papers to raise Rs 1,250 crore via fresh issue

Snapdeal receives more than 86 per cent of its orders from outside metros

Snapdeal files for IPO with fresh issue of shares worth Rs 1,250 crore

SoftBank-backed Indian e-commerce platform Snapdeal filed for an initial public offering on Tuesday, joining dozens of firms in the country that have tapped the capital markets this year.

Softbank-backed ride-hailing firm Ola raises $500 mn loan from investors

Ola, which has a majority share of India's ride-hailing market where it competes with Uber Technologies, has plans to raise up to $1 billion through an initial public offering.

SoftBank Vision Fund 2 leads $60 mn funding for Payments tech firm Juspay

Juspay processes 300 mn online transactions a month with gross value of over $5 bn; has highest number of payment SDK (software development kits) installed on 250 mn mobile phones

SoftBank shares slump 9% Monday after week of bad portfolio news

The stock is off more than 35% this year, on track for its worst annual decline since 2006

SoftBank COO spars with Masayoshi Son, demands $2 billion in compensation

Son and other senior SoftBank executives in Japan are seeking to pay Claure a much smaller sum

SoftBank poised to lose $74-bn payday if Arm deal is halted

US antitrust officials sued to block the takeover on Thursday, arguing it will stifle innovation in the chip industry

SoftBank-backed Snapdeal targets $250-mn IPO in early 2022: Report

Snapdeal would become the largest tech company to test investors' appetite for IPOs after the disastrous debut of Paytm's parent, One 97 Communications Ltd

Ola rolls out test rides for its electric scooters across India

Test rides to be available across 1,000+ cities and towns acros India

SoftBank can invest $5 bn-$10 bn in Indian startups in 2022: Rajeev Misra

"If we find the right companies, we could invest $5 billion to $10 billion in 2022," Misra said on Thursday at the Bloomberg India Economic Forum

SoftBank Group shares jump 10% on $9 billion buyback announcement

The buyback is SoftBank's second largest after a record 2.5 trillion yen buyback launched during the depths of the COVID-19 pandemic last year

Paytm can grow its value going forward, says Softbank's Masayoshi Son

While Paytm is seeking a valuation of around $20 bn, it is much lower than the rumoured expectation of $25-30 bn

CEO Masayoshi Son personally lost $1.3 billion on SoftBank stock trading

The 150 billion yen loss for the founder of SoftBank Group came from his one-third stake in SB Northstar

SoftBank dragged into red in Q2 by falling Vision Fund valuations

"The strategy of let's create the perception of enhanced value by taking things public hasn't really worked this year," Redex Research analyst Kirk Boodry said

Softbank-backed Ola unveils first operating profit ahead of potential IPO

Ola, which has a majority share of India's ride-hailing market, where it competes with Uber Technologies, has a growing presence in several global markets such as Australia and Britain

SoftBank leads $93 million investment in NFT gaming firm the Sandbox

The latest fund raising came a little over a year after its last round, as the company saw fast growth in monthly active users and crossed $144 million in transaction volume on the platform.

Snapdeal appoints Ullas Kamath, Anisha Motwani as directors on board

According to sources, Snapdeal hopes to gain from the new board members' experience in serving the value-conscious consumer in 'Bharat' or tier-2,3,4 markets ahead of its proposed IPO.

Policybazaar IPO: SoftBank to sell 20% of its stake worth Rs 1,875 crore

The Japanese venture fund currently has a 13 per cent stake in the IPO-bound company