Tag: Softbank
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SoftBank CEO predicts 15 of its portfolio companies to go bankrupt
SoftBank‘s founder Masayoshi Son believes that at least 15 companies in the Vision Fund might go bankrupt as the company tightens its financial belt. Son’s Vision Fund is becoming less generous with cash handouts to its portfolio companies after the WeWork debacle. At the time SoftBank invested in WeWork, it was valued around $47 billion.…
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Softbank’s Vision Fund Closes $93 Billion Funding Round; Becomes World’s Largest Private Equity Fund
Japan’s telecom giant Softbank has announced that its Vision Fund has raised a massive $93 billion from a group of high-profile backers. With this amount of funding, Softbank’s Vision Fund is now officially world’s largest private equity fund. It also eyes to close another $7 billion within next six months to hit the $100 billion…
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Softbank Invests $1.4 Bn In Paytm At $7 Bn Valuation
The Japanese internet and telecom giant Softbank has led one of the largest investment rounds in Indian startup scene by investing $1.4 billion (approx Rs 9,000 Cr) in Paytm. With this round of investment Paytm is now estimated to be worth $7 billion. “In line with the Indian government’s vision to promote digital inclusion, we…
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OLA Raises $500 Mn In Series F Funding Round
OLA, the online cab aggregator has today announced that it has raised $500 million in Series F round from Baillie Gifford, Falcon Edge Capital, Tiger Global, SoftBank Group, DST Global and China’s Didi Kuaidi. It will use the funds for growth related activities and mobility solutions. This round of funding takes Ola’s total external funding…
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TiEcon – The Mega Festival For Startups & Entrepreneurs
On the global center stage-the Indian start ups The Indian start ups with their creative and local approach are able to penetrate deeper into the Indian market, quite fast. In view of the vastness of the Indian market and the growing popularity of startups among people has attracted many international investors to invest in these…