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Posts Tagged ‘ Softbank ’

How NoBroker is locking down on a fee model to become profitable

Thursday, November 24, 2016 | More »

NoBroker Technologies
The pitfall of excessive cash burn and rapid expansion of several digital real estate developers has led late entrant NoBroker Technologies Solutions to crack the revenue model in the rental space as a priority, before pressing expansion and diversifying into home-buying category. Founder Akhil Gupt...

Housing

Exclusive: SoftBank pumps in another $5 mn in Housing even as merger talks continue

Japanese telecom and internet conglomerate SoftBank Group Corp, a leading investor in several Indian tech startups, has put in an additional $5 million in a bridge round in real estate portal Housing.com, according to three people aware of the development. SoftBank, the lead investor in Housing, had...

22 November, 2016 | More »

Snapdeal_by-Junaid2

Snapdeal reorganises top management structure

Online marketplace Snapdeal, run by Jasper Infotech Pvt Ltd, has carried out a top-level reshuffle which is leading to consolidation in some of the company’s key teams such as category management, market development, and brand alliances. The development was announced in an internal email sent by S...

11 November, 2016 | More »

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Will latest markdowns affect Flipkart, Ola and Snapdeal’s fundraising?

Year 2016 has not been a great period for Indian consumer internet companies. Not only has there been a sharp decline in the number of deals in this space, companies that saw large cheques and subsequent valuation jumps earlier are now facing what they dread the most – markdowns on their valuation...

9 November, 2016 | More »

Karhoo

Uber’s UK-based rival Karhoo shuts shop

London-headquartered Karhoo Technologies Ltd, which runs taxi app Karhoo announced on Tuesday that they are shutting down operations because of a fund crunch. The startup, which started operations just six months ago had raised $250 million and hired 120 people to take on the world’s largest cab-h...

9 November, 2016 | More »

Snapdeal_Ola

Snapdeal, Ola valuation knocked down again by SoftBank

Japanese telecom and internet giant SoftBank Group Corp has once again marked down the value of its investments in its two flagship investments in India – cab-hailing app Ola and e-commerce marketplace Snapdeal, it disclosed on Monday. The firm reported a loss of ¥58.1 billion ($555 million) from...

8 November, 2016 | More »

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Amazon plans Singapore launch in early 2017

American online retail giant Amazon.com Inc. is reportedly trying to establish its presence in Singapore, in what could be a step towards tapping the Southeast Asian market. “Amazon is covertly acquiring assets, including refrigerated trucks, and making new hires as part of an initiative led by he...

3 November, 2016 | More »

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Exclusive: Why Times Internet wouldn’t be raising $100 mn for Magicbricks

Times Internet Ltd (TIL), the digital business arm of media conglomerate Bennett Coleman, and Co. Ltd (BCCL) that runs several market-leading newspapers as well TV news channels, has scrapped its plans to raise $100 million from external sources for its realty portal MagicBricks. TIL CEO Gautam Sin...

27 October, 2016 | More »

Ola

SoftBank may invest up to $300 mn in Ola

Japanese Internet and telecom firm SoftBank Group Corp may invest $250-300 million (Rs 1,700-2,000 crore) in ride-hailing service Ola, a media report said. The Economic Times reported, citing two people it didn’t name, that SoftBank will lead the next round of funding in ANI Technologies Pvt Ltd, ...

24 October, 2016 | More »

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

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...

20 October, 2016 | More »

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