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Posts Tagged ‘ SoftBank Group Corp ’

Uber says China deal with Didi Chuxing to help boost India play

Thursday, September 8, 2016 | More »

US cab-hailing firm Uber Technologies Inc has said the recent deal with Didi Chuxing, its Chinese competitor, will allow it to invest more in India, according to a report. Citing a 7 September letter written by Uber to its investors, Reuters reported the company as saying that India is now its large...


Exclusive: Snapdeal explores merger talks with Flipkart, Amazon

Snapdeal, India’s second-largest homegrown online retailer, has initiated preliminary talks with staunch rivals Flipkart and Amazon to explore a possible merger that could realign the country’s e-commerce industry. Two people directly aware of the development said that Snapdeal is open to a merg...

18 August, 2016 | More »


Messaging app Hike joins unicorn club after raising $175 mn

Messaging app Hike Ltd has raised $175 million (Rs 1,170 crore) from China’s Tencent Holdings Ltd, Taiwan’s Foxconn Technology Group and other investors in a round that propelled it to the elite list of unicorns, or private companies valued at least $1 billion. Existing investors Tiger Global, J...

16 August, 2016 | More »


Oyo Rooms raising $90 mn from SoftBank, others

Delhi-based Oravel Stays Pvt. Ltd, which runs the branded budget hotels marketplace Oyo Rooms, is raising $90 million (Rs 600 crore) from existing Japanese investor SoftBank Group Corp, according to a report. The Times of India reported that Oyo has already received $61 million and will receive the ...

16 August, 2016 | More »


Geniee, Purvi Capital invest in AdPushup

US-based adtech startup AdPushup has raised an undisclosed amount in its Series A investment round led by Geniee Inc whose major shareholders include Softbank Group Corp. Purvi Capital and existing investors also participated in the funding round. “In an otherwise hyper-competitive space with razo...

8 August, 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 »