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Posts Tagged ‘ Softbank ’

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

Thursday, October 20, 2016 | More »

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...


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 »


Why Freecharge badly needs a recharge

The news report last week that Japanese telecom and internet conglomerate Softbank Group Corp is in talks to invest in FreeCharge was the third in as many months speaking of fund-raise efforts by ecommerce company Snapdeal for its digital payments arm. Around a month ago, two people in the know of d...

13 October, 2016 | More »


Ola in talks with SoftBank and General Motors to raise $500 mn

ANI Technologies Pvt Ltd, which runs cab-hailing app Ola, is reportedly in talks with its existing investors that include Japan’s SoftBank and US-based General Motors, for a fresh round of funding to raise $500 million. Ola has held preliminary discussions with US automobile giant General Motors (...

13 October, 2016 | More »

Karthik Rajeshwaran

Freecharge hires Karthik Rajeshwaran as director of strategy

Snapdeal-controlled digital payments platform FreeCharge has appointed former Obi Mobiles executive Karthik Rajeshwaran as director (strategy). Rajeshwaran will use his expertise to usher-in consumer centric innovations to expand revenue across new business opportunities, Freecharge said in a press ...

12 October, 2016 | More »


After Foxconn and Tencent, SoftBank lines up for investment in FreeCharge

Japanese internet conglomerate SoftBank Group Corp is reportedly in talks to invest between $150 and $200 million in Snapdeal-owned digital payments unit FreeCharge. The investment could take FreeCharge’s valuation to $700 million-$1 billion, according to a report in The Economic Times on Thursday...

6 October, 2016 | More »


Ola looks to extend market share over Uber with offline cab booking services

As the battle for market dominance intensifies in the taxi aggregator services space in the country, home-grown cab-hailing startup Ola, run by ANI Technologies Pvt. Ltd, has introduced a key feature named Ola Offline enabling its users to book cabs without Internet through a text message, the compa...

5 October, 2016 | More »


Exclusive: Housing.com CMO quits to join Intuit India

Housing.com’s chief marketing officer (CMO), Nikhil Rungta has quit the Mumbai-based startup to join Intuit India as its managing director. Rungta had joined housing.com, run by Locon Solutions Pvt. Ltd., from Reliance Jio in November last year. Rungta has previously worked at Google, Yebhi.co...

22 September, 2016 | More »


Alibaba may pick majority stake in Paytm’s e-commerce biz

Chinese e-commerce company Alibaba Group Holding is likely to pick a majority stake in the e-commerce business of One97 Communications Pvt Ltd, the company that also runs mobile payment and commerce platform Paytm. One97 will soon be separating its e-commerce operations from the mobile payment and...

25 August, 2016 | More »


Can Walmart and Flipkart help each other in India?

The world’s largest retailer Walmart’s acquisition of ecommerce company Jet.com has triggered speculation on whether this is the beginning of the company’s ambitious play in online retailing, a link sorely missing in its larger business plans. Also, there has been some discussion on whether wi...

16 August, 2016 | More »

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