Page 9 - Softbank

SoftBank Group reports massive $5.9 bn net loss amid global tech meltdown

There is no respite for SoftBank Group in the ongoing global tech meltdown as the Japanese investment giant on Tuesday reported a massive around $5.9 billion net loss

Walmart-owned Flipkart poised to list publicly, says SoftBank

In India, SoftBank has backed many companies, and unicorns or start-ups with over $1 billion in valuation

SoftBank CEO Masayoshi to skip earnings call for first time as tech slumps

The founder and chief executive of the world's largest tech investor bade farewell in November to the earnings presentations he's led for decades

SoftBank-backed InMobi lays off 50-70 staffers, cites performance as reason

Poor performance prompted the company to take this extreme step

One day in office, remote work for rest of the week for Meesho employees

E-commerce firm's Flexi-Office model offers employees financial support for relocating

Masayoshi Son's SoftBank buyout would look more like Musk than Dell

Every quarter Masayoshi Son is forced to give metrics he doesn't believe capture the value of his firm. "We are an investment company, we're not engaged in operations," he said in August 2020

SoftBank's Masayoshi Son raises stake, can now block special resolutions

Son's stake has grown in percentage terms as a result of a recent series of massive share buybacks, a SoftBank spokesperson said

Walmart's payments startup PhonePe seeks to raise $1 billion: Report

The company is in talks with SoftBank Group Corp.'s Vision Fund, an investor in PhonePe's parent entity Flipkart, although Walmart will remain top investor, the people said

SoftBank-backed Cars24 eyes small towns to sell used cars in India

The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021

Oyo founder Ritesh Agarwal urges companies to hire laid-off employees

Recently, Oyo said that it was cutting 600 jobs in its corporate and technology departments

Softbank halves stake in Policy Bazaar parent, mops up Rs 1,043 crore

Sells 22.84 million shares, or 5.08% stake, at Rs 456.4 apiece; 30 institutional investors among buyers

SoftBank plans to sell 5% stake in PB Fintech via block deal: Report

The block deal on Friday could be at a base price of 440 rupees per share, CNBC-TV18 said in a tweet. PB Fintech's shares closed at 461 rupees on Thursday

Oyo Hotels reports net loss of Rs 333 cr in Q2; revenue increases 24%

The company reported a 24% increase in revenue during the first half of the year, to 29.05 billion rupees. It did not disclose a quarterly revenue figure

Zomato co-founder Mohit Gupta quits; third big exit in two weeks

Gupta was previously the chief operating officer for the travel company Makemytrip

As SoftBank sells stake in Paytm for $215 million, more could follow

The price range for the shares was set between Rs 555 to Rs 601.45, which would mean a discount of 7.7 per cent

Start-up meltdown continues as pre-IPO investors look to sell stake

Paytm shares go down 10 per cent after SoftBank pares holding; Delhivery, PolicyBazaar under pressure

Which investors will lose the most money because of FTX's implosion?

Out of all the investors, at least two major shareholders, Sequoia and Paradigm, have decided to mark their investments down to zero

SoftBank sells 4.5% stake in Paytm for $200 million, says report

SoftBank's sale of 29.35 million shares at that price amounts to a total consideration of $200 million, according to Reuters calculations

Paytm faces another reckoning with lock-in period expiring this week

The biggest shareholders in One97 Communications Ltd., Paytm's parent company, are Alibaba Group Holding Ltd. and its fintech affiliate Ant Group Co., as well as Japan's SoftBank Group Corp

SoftBank writes off $100 mn investment in bankrupt crypto exchange FTX

Beleaguered Japanese investment firm SoftBank invested the money as part of its Vision Fund 2 in FTX