SoftBank Group Corp

Uber posts $1 bn loss for July-Sept as growth in bookings slows

Reuters

Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the ....

15 November, 2018

Flipkart sale, Oyo valuation gain help SoftBank post higher Q2 profit

Team TC

SoftBank Group Corp’s profit for the quarter through September jumped 78%, helped by gains from the sale of its stake in ....

5 November, 2018
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Paytm parent clocks five-fold rise in FY18 revenue, e-commerce arm’s loss balloons

Vijayakumar Pitchiah

One 97 Communications Ltd, the parent of digital payments and financial services firm Paytm, has clocked a nearly five-fold rise ....

29 October, 2018

Uber's dealmaking chief resigns after sexual misconduct allegations

Reuters

Cameron Poetzscher, who oversaw a string of high-profile deals at Uber Technologies Inc, has resigned, weeks after a report on ....

23 October, 2018

InMobi buys US telecom operator Sprint’s mobile advertising unit

Reuters

Sprint Corp has sold the mobile data and advertising company it created in 2012 to InMobi, which provides technology for marketers, ....

17 October, 2018

SoftBank teams up with Toyota for future car technologies

Reuters

Toyota Motor Corp and SoftBank Group Corp said they would team up to develop new transport services, adding to a slew of deals ....

4 October, 2018
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SoftBank may invest $200-250 mn in logistics firm Delhivery: Report

Vijayakumar Pitchiah

Japanese internet conglomerate SoftBank is likely to put up to $250 million (Rs 1,842.36 crore) in e-commerce logistics firm Delhivery ....

4 October, 2018

Ola raises $50 mn from two new Chinese investors

Dearton Thomas Hector

Cab-hailing app Ola, run by ANI Technologies Pvt. Ltd, has raised $50 million (around Rs 360 crore) from two new Chinese investors ....

18 September, 2018

SoftBank steps up search for India head, engages headhunting firm

Binu Paul

Japanese telecom and Internet conglomerate SoftBank Group Corp is aggressively on the lookout for a suitable candidate to lead ....

4 September, 2018

With AI, insurance claims will soon be processed in real time: PolicyBazaar's Ashish Gupta

Anirban Ghoshal

Gurgaon-based ETechAces Marketing & Consulting Pvt. Ltd, the Softbank Group Corp-backed company that owns online insurance ....

3 September, 2018
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Paytm Mall to tie up with BigBasket, other retailers to take on Flipkart, Amazon

Reuters

Paytm Mall, the e-commerce venture backed by China’s Alibaba Group, is looking to deepen ties with regional retailers as ....

30 August, 2018

Paytm parent One97 Communications buys fintech app Balance

Kavya Kothiyal

One97 Communications Ltd has acquired the operator of fintech application Balance, as the parent of digital payments company Paytm ....

9 August, 2018

Flipkart stake sale boosts SoftBank's April-June profit by 49%

Reuters

Japan’s SoftBank Group Corp on Monday reported a 49 percent rise in first-quarter operating profit, boosted by the sale ....

6 August, 2018

Paytm to snap up hotel booking app NightStay Travels

Dearton Thomas Hector

SoftBank- and Alibaba-backed digital payments and e-commerce firm Paytm is all set to acquire NightStay Travels Pvt. Ltd, a Delhi ....

3 July, 2018

PolicyBazaar raises $200 mn from SoftBank, others; joins unicorn club

Vijayakumar Pitchiah

ETechAces Marketing & Consulting Pvt. Ltd, the operator of online insurance selling platform PolicyBazaar.com and lending ....

25 June, 2018

SoftBank says selling entire Flipkart stake to Walmart

Dearton Thomas Hector & Shweta Sharma

Japanese telecom and Internet conglomerate SoftBank Group Corp has confirmed it will sell its entire stake in Indian online retailer ....

23 May, 2018

Former Uber CEO Travis Kalanick sets up fund to invest in e-tail, innovation in India, China

Team TC

Travis Kalanick, the controversial founder of cab-hailing firm Uber Technologies Inc., is setting up an investment fund that will ....

8 March, 2018

Two senior executives resign from Snapdeal's Bangalore centre

Arti Singh

E-commerce firm Snapdeal, owned by Jasper Infotech Pvt. Ltd, continues to see senior-level churn. This time, the company's two ....

18 March, 2017

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

Deepti Chaudhary

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

8 February, 2017

Vanguard slashes Ola's valuation by 41%

Binu Paul

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in ANI Technologies Pvt ....

3 February, 2017

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

Dearton Thomas Hector

Bengaluru-based cab-hailing firm Ola, run by ANI Technologies Pvt. Ltd, has raised $330 million (Rs 2,200 crore) in fresh funding ....

27 February, 2017