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Posts Tagged ‘ Masayoshi Son ’

SoftBank may invest up to $300 mn in Ola

Monday, October 24, 2016 | More »

Japanese Internet and telecom firm SoftBank Group Corp may invest $250-300 million (Rs 1,700-2,000 crore) in ride-hailing service Ola, a media report said. The Economic Times reported, citing two people it didn’t name, that SoftBank will lead the next round of funding in ANI Technologies Pvt Ltd, ...


SoftBank will continue to back Ola, Snapdeal, says top exec Alok Sama

Japanese telecom and internet major SoftBank Corp will strongly back its investee firms Ola and Snapdeal as they take on global goliaths Uber Technologies Inc and Amazon.com Inc in a battle for larger market share and supremacy, according to a top SoftBank executive. Over the last two years, SoftBan...

20 October, 2016 | More »


Did Snapdeal, Ola, Grofers and Oyo just get a blank cheque from SoftBank?

The $100 billion-tech fund that SoftBank has just launched with Saudi Arabia’s sovereign fund Public Investment Fund (PIF) is good news for half a dozen Indian consumer internet companies including Snapdeal, Ola, Grofers, Housing, Hike and InMobi. Some of these firms are facing huge fund crunch as...

14 October, 2016 | More »

Nikesh Arora

Nikesh Arora resigns from SoftBank

SoftBank Group Corp said on Tuesday president and chief operating officer Nikesh Arora has decided to resign from the company, in a sudden end to the India-born executive’s tenure at the Japanese telecom and Internet conglomerate. The development comes a day after SoftBank gave Arora, who was tipp...

21 June, 2016 | More »


Housing.com missing in action as SoftBank lauds India portfolio

Japanese telecom and internet conglomerate SoftBank Group Corp has praised the performance of some of its portfolio companies in India while announcing its annual results for 2015-16 but remained silent on the troubled property portal Housing.com. While announcing the group’s earnings for the ...

11 May, 2016 | More »

Nikesh Arora

Unnamed stakeholders allege “wrongdoing” on part of SoftBank COO Nikesh Arora; Co defends him

A group of unnamed stakeholders in the Japanese multinational SoftBank Group Corp has made serious allegations against its president and COO Nikesh Arora in a letter sent to the bank through a US-based law firm. Mounting a scathing attack on Arora, one of the high profile professionals globally and ...

21 April, 2016 | More »


SoftBank keen to accelerate investments in India: Masayoshi Son

Softbank has already invested $2 billion in Indian firms, and it would scale up the investment to $10 billion, CEO Masayoshi Son said today. India can be bigger in momentum than China in the next 10 years; 21st century belongs to India, he said. “Every market is different, I truly think this is re...

16 January, 2016 | More »


Five key things SoftBank CEO Masayoshi Son said in India

Japanese telecom and internet giant SoftBank has just announced two big investments which has made it arguably the biggest investor in the new generation tech business in India, having committed over $1 billion in Snapdeal, Olacabs, InMobi and Bharti SoftBank. This is just the beginning, according t...

29 October, 2014 | More »


SoftBank investing $627M in Snapdeal

Japanese telecom and internet firm SoftBank Corp. has sealed a $627 million (Rs 3,846 crore) funding deal with Indian e-commerce marketplace Snapdeal.com, in the second biggest fundraising round by an Indian e-com firm, after Flipkart’s record $1 billion funding round early this year. The deal is...

28 October, 2014 | More »