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Posts Tagged ‘ SoftBank Group Corp ’

Weaker yen helps SoftBank pare valuation loss from Snapdeal, Ola investments

Wednesday, February 8, 2017 | More »

Yen-fall
Japanese telecom and Internet giant SoftBank Group Corp has reported a valuation loss of ¥39.3 billon (nearly $350 million) from its financial instru...

Ola

Vanguard slashes Ola’s valuation by 41%

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in ANI Technologies Pvt Ltd, which operates cab-hailing app Ola, by 41%. This brings down Ola’s valuation to an estimated $3 billion compared with its peak valuation of $5 billion between April ...

3 February, 2017 | More »

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Will a possible BigBasket-Grofers merger stave off competition from Amazon?

Online grocers BigBasket and Grofers have both rejected a media report of a possible merger. This has not prevented experts from speculating about what could probably be the biggest merger in the e-grocery segment. Such a consolidation would create an entity with a lion’s share of India’s expand...

16 January, 2017 | More »

PropTiger-Housing

PropTiger, Housing.com seal merger; raise $55 mn from investors

Online real estate brokerage PropTiger.com and property listing portal Housing.com will merge in an all-stock deal that quickens the pace of consolidation in the sector. The deal involves the combined entity receiving fresh funding of $55 million from their main investors, the two companies said in ...

10 January, 2017 | More »

Kavin Bharti Mittal, founder, Hike

Hike: Revenue Rs 42 lakh in FY16, valuation $1.4 bn

Hike Ltd, the messaging app operator that touched $1.4 billion in valuation last year, started earning revenue in 2015-16 but its bottom line worsened as it burnt more cash than ever. The four-year-old company reported revenue from operations of Rs 42.32 lakh for the year through March 2016, accordi...

6 January, 2017 | More »

inmobi-3

Flashback 2016: InMobi grapples with top-level exits, losses

On New Year’s Day, India’s first ‘unicorn’ InMobi will turn 10 years old. But that milestone doesn’t necessarily mean celebrations are in order, for it had a forgettable 2016, what with the failure of its discovery-led mobile commerce platform Miip, exodus of talent and a chopp...

30 December, 2016 | More »

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PayPal in talks to buy into FreeCharge: Report

Global online payments company PayPal Holdings, Inc. is in the final stages of a deal to invest in online wallet company FreeCharge, a media report said. PayPal could pick up a 25% stake in Snapdeal-owned FreeCharge for around $200 million, the Mint newspaper reported, citing two people aware of the...

23 December, 2016 | More »

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How SoftBank’s local portfolio firms have fared as chairman Son visits India

Not many investors can boast of a portfolio which is more than half full of unicorns. Japanese telecom and Internet conglomerate SoftBank Group Corp happens to be one such investor in India. Of its seven portfolio firms, four – Hike, Ola, Snapdeal and InMobi – are unicorns, meaning each startup ...

2 December, 2016 | More »

Kunal Bahl and Rohit Bansal

How much stake founders Kunal Bahl, Rohit Bansal own in Snapdeal?

Snapdeal founders Rohit Bansal and Kunal Bahl together own just 6.38% of the e-commerce firm, a fourth lower than what they held in the company two years ago. CEO Bahl owns 3.94% of Snapdeal while chief operating officer Bansal holds 2.44%, according to a report by Mint on Friday, citing documents w...

2 December, 2016 | More »

Bhavish Aggarwal, Co-Founder & CEO, Ola

Ola’s Bhavish Aggarwal again takes a potshot at Uber

Winning in a competitive market is as much about making tactical pronouncements at opportune moments as it is about making the right business decisions at the right time. It ain’t politicians alone who pick ideas or popular beliefs they know will resonate with their target audience and use them ag...

23 November, 2016 | More »

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