Home > Archive by tag 'SoftBank Group Corp'

Posts Tagged ‘ SoftBank Group Corp ’

Two senior executives resign from Snapdeal’s Bangalore centre

Saturday, March 18, 2017 | More »

Snapdeal
E-commerce firm Snapdeal, owned by Jasper Infotech Pvt. Ltd, continues to see senior-level churn. This time, the company’s two associate vice presidents Balaji Hariharan and Hemanth Kota have resigned, a report in The Economic Times stated citing people aware of the development. Hariharan serv...

Untitled-2_fe

Ola raises $330 mn in fresh round led by SoftBank: Report

Bengaluru-based cab-hailing firm Ola, run by ANI Technologies Pvt. Ltd, has raised $330 million (Rs 2,200 crore) in fresh funding led by existing investor SoftBank Group Corp, a media report said on Monday. Citing sources it did not identify, Business Standard reported that the Japanese tech giant a...

27 February, 2017 | More »

Snapdeal

Snapdeal sellers knock govt’s doors as e-tailer struggles

A group of sellers on online marketplace Snapdeal has approached commerce minister Nirmala Sitharaman to protect their interests as the company’s troubles mount. The All India Online Vendor Association (AIOVA), an industry group set up to safeguard sellers’ welfare, said in a letter to Sitharama...

24 February, 2017 | More »

Yen-fall

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

Japanese telecom and Internet giant SoftBank Group Corp has reported a valuation loss of ¥39.3 billon (nearly $350 million) from its financial instruments for the nine-month period ended December 31, 2016, largely due to a decline in fair value of preferred stock investment, primarily in India. The...

8 February, 2017 | More »

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 »

For-BigBasket-Merger-Story_ThinkstockPhotos-519469680_fe

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 »

freecharge-by-shah-junaid-(19)_A

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 »

Page 1 of 3123