Back from the Brink, Grofers get another Funding Respite

The embattled online grocery startup Grofers is firmly back in the funding game. After raising $62 million from SoftBank in March last year, it has now raised $60 million from Japanese investment giant and other existing investors in series F round. SoftBank poured $37.49 Mn while existing investors Tiger Global and Sequoia Capital pumped $19.99…

ByGirish ShettiMarch 1, 20190Comments

Funding News

SoftBank is Increasing investment in WeWork with additional $2 Bn Funding

WeWork is all set to receive an additional $2 Bn funding from existing investor SoftBank, the US-based co-working giant announced on Tuesday. The fresh funding will take SoftBank’s investment in the co-working behemoth to $10 Bn. According to reports, the Japanese investment giant was previously planning to invest whopping $16, which would have made it the…

ByGirish ShettiJanuary 10, 20190Comments

Funding News

SoftBank is Gearing to Invest another $1 Bn in Grab: Report

Softbank is all set to pour 1$ Bn in Southeast Asia’s ride-hailing major Grab, according to TechCrunch. SoftBank, which is already the largest shareholder of Grab, will reportedly make the investment through its SoftBank Vision Fund. The investment could reach as much as $1.5 Bn, TechCrunch claimed after citing an unnamed source. Softbank and Grab have…

ByGirish ShettiDecember 21, 20180Comments

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SoftBank may Dump Nvidia Stake early next Year: Sources

Japanese telecom giant and one of the prolific global investors – SoftBank - may offload its stake in chipmaker Nvidia Corp by early next year, according to Bloomberg. SoftBank may end up making a healthy profit of $3 Bn from this exit, Bloomberg claimed after citing a anonymous source. However, it is still not clear…

ByGirish ShettiDecember 13, 20180Comments

Funding News

Why Ola may find SoftBank’s latest Funding Proposal simply irresistible

Ola is simply not in a position to say firm ‘no’ to SoftBank’s latest funding proposal. This is not a sensational claim, but simple commonsense determined by prevailing business realities. Before we go any further to validate our argument, it is important inform that several media reports are now claiming that existing investor SoftBank has…

ByGirish ShettiDecember 4, 20180Comments

News

Japanese Giant SoftBank sets Tentative Price of $13.23 per share for Its Japanese Telecom unit

SoftBank has set an indicative price of 1,500 yen ($13.23) per share for IPO of its Japanese telecommunication unit, as per the regulatory filing filed by the company on Friday. This means that the price of per share has remained unchanged from the earlier estimate. Traditionally, almost all companies ahead of the IPO set an tentative…

ByGirish ShettiNovember 30, 20180Comments

Funding News

Grofers is back in the Funding Game as SoftBank May lead Fresh Funding

It seems Gurgaon based Grofers ongoing resurgence is heading toward its next phase. The reason for my buoyancy over the online grocery startup is because reports have started doing rounds that its largest investor SoftBank is willing to lead another round of funding. The round may also see participation of other investors. The latest rumors about…

ByGirish ShettiOctober 29, 20180Comments

Funding News

SoftBank & Alibaba are Mulling Investment in FirstCry & Why it is such a good move

SoftBank and Alibaba are probably heading towards a very good business proposition by planning to invest $100 – 200 Mn in FirstCry, India’s largest retailer for baby products. Sources, however, claim that discussions are in a very early stage and the deal is still far from getting sealed. There is also a huge suspense as to…

ByGirish ShettiOctober 24, 20180Comments

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PolicyBazaar earns Unicorn status with $200 Mn funding from SoftBank

PolicyBazaar raises over $200 Mn from SoftBank. Online insurance startup PolicyBazaar has become the latest entrant into the once elusive unicorn club, after it raised over $200 Mn from global tech investor SoftBank. The series F funding round was the result of almost six months of hectic negotiation between the Gurugram based PolicyBazaar and Tokyo headquartered…

ByGirish ShettiJune 26, 20180Comments

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SoftBank backed Oyo Rooms starts Operation in China

Oyo Rooms starts operation in China. Budget hotel provider Oyo Rooms on Wednesday officially announced its foray into China’s burgeoning hospitality industry. This is Softbank backed startup’s third foreign venture as it has already forayed into Nepal and Malaysia’s hospitality market. Oyo Rooms said that its current chain of hotels in China compromises of 11,000 exclusive…

ByGirish ShettiJune 21, 20180Comments

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