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SoftBank books $5.2 bn quarterly loss as WeWork comes back to bite

Finance

10 November, 2023

SoftBank books $5.2 bn quarterly loss as WeWork comes back to bite

SoftBank Group booked a $5.2 billion quarterly loss on Thursday, its fourth straight quarter in the red, as the Japanese ......

Lighthouse Canton partners with Alta to boost venture debt play

TMT

16 February, 2023

Lighthouse Canton partners with Alta to boost venture debt play

Lighthouse Canton (LC) has joined hands with alternative investment exchange Alta Group to tap a new investor segment for its ......

Adani Group cuts revenue growth target, capex

Finance

13 February, 2023

Adani Group cuts revenue growth target, capex

The Adani Group has halved its revenue growth target and aims to scale down fresh capital expenditure, days after US-based ......

ElasticRun FY22 loss widens to Rs 373 crore

Finance

14 November, 2022

ElasticRun FY22 loss widens to Rs 373 crore

Softbank-backed business-to-business (B2B) online commerce platform ElasticRun’s loss widened to Rs 373 crore in the financial year 2022, up from ......

SoftBank's overseas business head steps down in 6 months after being hired

TMT

22 June, 2022

SoftBank's overseas business head steps down in 6 months after being hired

Japan's SoftBank Group Corp said on Wednesday it has appointed Alex Clavel as chief executive of its SoftBank Group International ......

SoftBank's Munish Varma to step down from Paytm, PolicyBazaar boards

People

15 March, 2022

SoftBank's Munish Varma to step down from Paytm, PolicyBazaar boards

Munish Varma, managing partner of Japan’s SoftBank Group, will step down from the boards of recently listed One97 Communications Ltd ......

SoftBank, Prosus, others help ElasticRun join unicorn club with $300 mn funding

Infrastructure

08 February, 2022

SoftBank, Prosus, others help ElasticRun join unicorn club with $300 mn funding

Japan’s SoftBank Group, Prosus Ventures and Goldman Sachs have led a $300 million funding round in Pune-based logistics startup ElasticRun, ......

MinIO raises $103 mn from Intel, SoftBank, others at $1 bn valn

TMT

27 January, 2022

MinIO raises $103 mn from Intel, SoftBank, others at $1 bn valn

Nexus Venture Partners-backed multi-cloud object storage suite MinIO, operated by MinIO Inc, has raised $103 million as a part of its Series B funding ......

SoftBank-backed Thrasio startup GlobalBees buys three more brands

Consumer

11 January, 2022

SoftBank-backed Thrasio startup GlobalBees buys three more brands

GlobalBees Brands Pvt Ltd, that aggregates and invests in e-commerce brands, has acquired three more direct-to-consumer (D2C) brands in a ......

Premium
SoftBank-backed edtech unicorn Eruditus may invest up to $1 bn in acquisitions in 2022

Consumer

10 January, 2022

SoftBank-backed edtech unicorn Eruditus may invest up to $1 bn in acquisitions in 2022

SoftBank-backed edtech unicorn Eruditus Education Pvt Ltd plans to deploy as much as $1 billion (Rs 7,500 crore) for mergers ......