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Posts Tagged ‘ SOFTBANK CORP. ’

OYO Rooms appoints Amazon exec as CTO

Monday, November 7, 2016 | More »

Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, has appointed Anil Goel as chief technology officer, according to a press statement. Goel was previously with Amazon as the global head of technology for customer returns and reverse logistic business. Prior to that, he was t...

Nikesh Arora

SoftBank’s Nikesh Arora says quit as didn’t want to be CEO-in-waiting

Nikesh Arora, who is stepping down as president and chief operating officer of SoftBank Group Corp, said on Tuesday he is leaving because he didn’t want to wait a long time for chairman and CEO Masayoshi Son to let him take charge of the Japanese telecommunications and Internet company. “Didn...

21 June, 2016 | More »

Nikesh Arora

SoftBank internal review gives clean chit to Nikesh Arora

Japanese Internet and telecom conglomerate SoftBank Group Corp has given its president and chief operating officer Nikesh Arora a clean chit on allegations raised by unknown investors represented by a New York law firm after a panel of its independent directors reviewed those complaints. “As I sai...

20 June, 2016 | More »

Nikesh Arora

Nikesh Arora’s India deals that SoftBank investors are seeking probe into

A group of SoftBank shareholders has demanded an internal probe into the actions of company president and COO Nikesh Arora for alleged conflict of interest and poor business decisions and has also asked for his “possible dismissal”. Among the deals highlighted by stakeholders are some of...

22 April, 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 Ventures Korea backs Gurgaon-based True Balance

SoftBank Ventures Korea, part of Japanese internet conglomerate SoftBank Corp, has made an undisclosed amount of investment in a Series A round of funding in Gurgaon-based startup True Balance, an app that allows users to check their mobile phone balance. The startup will use the funds for product e...

29 March, 2016 | More »


Housing.com gets $15M more from SoftBank

Realty portal Housing.com said on Thursday it has raised Rs 100 crore (about $15 million) in fresh capital from lead investor SoftBank Corp, a little more than a year after the company last secured venture funding. Techcircle.in had first reported last October that the Japanese telecom and internet ...

21 January, 2016 | More »

Nikesh Arora

Worried about how some startups are scaling: SoftBank’s Arora

Nikesh Arora seems to be concerned that some of SoftBank’s investee firms in India are overspending as they scale up. Arora, the Japanese internet conglomerate’s president and chief operating officer, wants early-stage companies to be prudent in their marketing spend. “We invest in industry le...

14 October, 2015 | More »

Housing.com has been on an acquisition spree

Exclusive: Housing.com to raise fresh money from SoftBank

Locon Solutions Pvt Ltd that runs realty portal Housing.com is soon to raise fresh capital from its existing lead investor SoftBank, almost a year after it last raised venture funding, two sources privy to the development told Techcircle.in. It would also be the first round of fresh funding since th...

5 October, 2015 | More »


SoftBank leads $1B Series E round in US-based SoFi

Japanese telecom and internet giant SoftBank Group Corp has led a $1-billion Series E investment round in US financial technology startup SoFi, according to a press release. Existing investors Third Point Ventures, an affiliate of Third Point LLC; Wellington Management Company LLP, Institutional Ven...

1 October, 2015 | More »

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