SoftBank All set to Pick Up 15% Stake in Ride Hailing Major Uber

A consortium led by Japanese telecommunication giant SoftBank picks up 18% stake in Uber. A consortium led by Japanese telecommunication giant SoftBank will pick up 18 percent stake in the ride-hailing major Uber Technologies Inc, Uber said on Thursday. The new development will be seen as a major triumph for company’s new CEO Dara Khosrowshah. The…

ByGirish ShettiDecember 29, 20170Comments

News

Paytm Mall Pursuing $500 Million Funding Round with SoftBank: Report

Paytm Mall hold talks with SoftBank for more funds. Paytm Mall is pursuing discussions with Japanese investment conglomerate Softbank for leading investment of nearly $500 - 600 million, sources close to the matter claimed. They have further claimed that Japanese giant has agreed to pour in only $300 million in the newly created e-commerce vertical. Paytm…

ByGirish ShettiNovember 28, 20170Comments

News

SoftBank Decides to Take bet on Indian Startup Lobby Group: Report

SoftBank to Invest in Indiatech. SoftBank, the Japanese internet conglomerate, has agreed to take a bet on the newly formed lobby group for Indian startups ‘indiatech,’ according to a report published in Times of India. However, there is no information about how much money Japanese giant will be putting into Indiatech. A SoftBank spokesperson said, “SoftBank is…

ByGirish ShettiOctober 26, 20170Comments

Utility focussed

AI Startup Petuum Secures $93 million from SoftBank & Other Investors

AI Startup Petuum grabs $93 million funding. Pittsburgh based startup Petuum, which aims to offer companies with tools they need to deploy artificial intelligence (AI) solutions, announced today that it has raked up whopping $93 million from investment giant SoftBank. Advantech Capital and other investors also participated in what was series B round for Petuum. The company’s…

ByGirish ShettiOctober 10, 20170Comments

News

SoftBank Invests $ 2.5 billion in Flipkart to become one of its Largest Shareholders

Japanese investment conglomerate SoftBank has made undisclosed amount of investment in Flipkart. Sources claim that the investment is close $ 2.5 billion, which would make SoftBank one of the largest shareholders in the Bengaluru based E commerce company. This is also the largest ever investment in an Indian tech startup company till date. Softbank has made…

ByGirish ShettiAugust 10, 20170Comments

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