Page 8 - Softbank

Meesho lays off 251 employees, CEO admits 'judgement errors in over-hiring'

SoftBank-backed e-commerce firing 15% of workforce, cites 'harsh circumstances'

SoftBank Group's chip maker Arm registers for blockbuster US IPO

The IPO registration shows that SoftBank is pressing ahead with the blockbuster offering despite adverse market conditions, after saying in March that it planned to list Arm in the US stock market

SoftBank-owned Arm plans to build its own prototype semiconductor

The SoftBank Group Corp-backed company's newest chip, on which it started work in the past six months, is "more advanced" than ever before, FT said, citing industry executives

Former Softbank India head Manoj Kohli joins Masters' Union as Chairperson

Former Softbank India head Manoj Kohli has joined as Chairperson of Gurugram-based business school Masters' Union, the management institute said on Monday. Kohli left Softbank in January. When contacted, Kohli said: "I have completed 44 years of full-time professional experience and left SoftBank assignment in January. I have now taken up a new mission for the next decade of coaching young founders and being a business advisor to CEOs to support business transformation as well as global scale-up". In his new position, Kohli will provide strategic direction and guidance to the school, drawing on his extensive knowledge of the business landscape and deep understanding of the needs and aspirations of today's business leaders. "I am excited to work closely with the faculty, staff and students to strengthen the school's foundation and accelerate its growth. As a leader, I believe in creating a collaborative and innovative environment that encourages students to think outside the box and

Softbank moves to slash Alibaba stake fueling a $13 billion slump

The contracts give SoftBank the option to buy the shares back, but the group has settled previous deals by handing over the stock

SoftBank sells VC arm to Singapore-based firm due to huge financial losses

SoftBank Group will collaborate closely with The Edgeof, offering valuable expertise, industry insights, and an extensive network to drive innovation and promote growth

B2B start-up ElasticRun takes a step back, to focus on core strategy

ElasticRun extends the reach of a brand's direct distribution network to deep rural markets

Edtech unicorn Unacademy lays off 380 employees in latest round of job cuts

The Softbank-backed start-up last laid off 350 employees in November

SoftBank-backed Oyo Hotels to reduce planned IPO amid tech headwinds

It's the second attempt at an IPO by the SoftBank Group Corp.-backed startup, after India's stock market regulator raised multiple red flags on its earlier try in late 2021

Isro launches 36 satellites for OneWeb; everything you need to know

This was the second launch by Isro for OneWeb, a UK-based company supported by the UK govt, SoftBank, and India's Bharti Enterprises

SoftBank management leadership team visits add weight to India market

Country accounts for 10% of Japanese investor's global AUM, the 3rd largest

Bailout or not?

Ad hoc steps to stop banking contagion may have implications

SVB collapse brings Softbank's startup financing under investors' lens

Now investors are cautiously pulling back despite the overnight pledge from US authorities to rescue the US lender that sits at the heart of Silicon Valley's venture capital ecosystem

SoftBank Group founder Masayoshi Son meets startup founders in Delhi

Billionaire investor and SoftBank Group Founder Masayoshi Son on Tuesday met founders and CEOs of some prominent startups during his day-long visit to the national capital, according to sources. Masayoshi Son, 65, also attended Oyo Founder Ritesh Agarwal's wedding festivities in the capital. Vijay Shekhar Sharma, Founder and CEO of digital payments platform Paytm, tweeted a photo of himself and the investor while another picture posted by him had various founders in it, including Lenskart CEO Peyush Bansal. "Ultimate joy today, seeing Masa smiling, happy and enjoying his India trip. Everyone of us had tons of gratitude for his belief and support given to our startups," Sharma tweeted. Specific details about Masayoshi Son's India visit were not immediately available, and a message sent to SoftBank Group did not elicit any response. SoftBank has been a prominent and prolific investor in the Indian startup ecosystem, pumping in an estimated USD 15 billion over the years. Some of the

Top headlines: Foxconn eyes second plant, Son invites start-up founders

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Masayoshi Son invites start-up founders, CEOs with SoftBank holding

Those meeting the SoftBank boss in New Delhi will have to go through RT-PCR tests

Investment giant Softbank offloads 3.8% stake in Delhivery for Rs 954 cr

According to data available at the Bombay Stock Exchange (BSE), SoftBank sold shares worth Rs 954 crore in Delhivery in a bulk deal at Rs 340 apiece

Softbank arm SVF Doorbell sells 3.8% stake in Delhivery to raise Rs 954 cr

Delhivery had come out with a Rs 5,235 crore IPO in May 2022

Delhivery slips over 1% as 28 million shares exchange hands via block deal

At 09:15 am; around 28 million equity shares, which represented 3.8 per cent of total equity shares of Delhivery changed hands on the BSE, shows data

Softbank may sell Delhivery shares worth Rs 600 cr via block deals: Report

Softbank held a stake of 18.42 per cent in Delhivery via its subsidiary Svf Doorbell (Cayman) Ltd