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SoftBank expects a $16.5 billion loss for its Vision Fund as its investments see dismal performance
The record loss for FY 20 is because of ‘the deteriorating performance of its tech bets’. Mea…
Indian unicorns like Oyo, PayTm and now Uber are shedding flab — resulting in thousands of pink slips
After the textile and auto sector, startups and that too unicorns could be where the next set of pi…
From Paytm to OYO, these Indian unicorns and soonicorns made the most news in 2019
Here are the top unicorns and soonicorns that have been in the news most in 2019, according to P…
Oyo, Zomato, Amazon, and Flipkart are chasing growth but the very foundation is shaking
India’s biggest startups have been solving its systemic problems to build businesses. But the syste…
These marquee Indian startups could be lining up for some big-bang IPOs
Startups might be looking at new avenues to raise money. And, thanks to their popularity with consu…
Oyo, the 'jewel' in SoftBank's startup portfolio, just announced more layoffs in the U.S. weeks after cutting thousands of jobs in India and China
Oyo's layoffs come as other SoftBank-backed companies also restructure with a new focus on profitab…
Megan Hernbroth,Meghan Morris…
Oyo, the hotel startup known as SoftBank's 'jewel in India,' has laid off 1,800, becoming the 3rd SoftBank-backed company to cut jobs this week
The startup has been called "SoftBank's jewel in India" for being one of the country's most valuabl…
Melia Russell
'We were kings of the world': WeWork's Adam Neumann fostered a culture of superiority at the troubled coworking startup
At risk of not raising enough money to unlock a key bank loan, and running short of cash, WeWork pu…
Theron Mohamed
Oyo, the former 'jewel' in SoftBank's startup portfolio, quietly fired 110 people based on their performance. Some fired workers say it was basically impossible to close sales, and the company is only offering severance if they agree to not speak out.
Still, people who currently or used to work at Oyo are arguing that the firings were part of a cost…
Melia Russell
Hotels are snapping ties with aggregators after experience goes sour
However, the experience, over the time, turned sour for the aggregators. ET reported an incident in…
Some techies are leaving cushy Silicon Valley jobs to launch startups at home in India
Many leave cushy Big Tech salaries because they no longer want to watch the booming entrepreneurshi…
Shubhangi Goel,Charissa Cheong
Merry Christmas 2023 Wishes and Messages
It is the Christmas season and this is the best time to greet your friends and dear ones with some …
Chinese hackers targeting Indian WhatsApp users with promise of 'part-time' jobs
In fresh trouble for WhatsApp, which is facing backlash over its upcoming user data policy in India…
SoftBank-backed companies laid off 2,600 people this week and more than 7,000 in the past year. Here's everything we know.
That figure doesn't include groups of employees like WeWork's 1,000 janitorial staff in the US and …
Meghan Morris
SoftBank's Vision Fund has already had another difficult week, and this time its got nothing to do with WeWork
The market has begun to sour on high-risk loss-making companies. For its part, in November, SoftBan…
Bani Sapra
This $150 exercise device mimics what NASA sends into space with astronauts - I thought it was gimmicky at first, but I'm still using it 2 months later
Subscribe to our newsletter. Find all the best offers at our Coupons page. Disclosure: This p…
James Brains
'This is war time, I'm leading from the front': The cofounder of profitable SoftBank unicorn OakNorth is drawing on his 2008 crisis experience to deal with the coronavirus
OakNorth has signed up two new US clients, Customers Bank and Modern Bank, to help expand access to…
Callum Burroughs,Callum Burro…
SoftBank launched a whopping new $108 billion fund, and it will only inflate a tech bubble it's creating all on its own
It's not unreasonable to imagine that a second Vision Fund will only exacerbate some of the side-ef…
Shona Ghosh
Toons tell the top stories of 2019 — with a dash of sarcasm
However, it is important to mention that in the run up to the elections that governmen…
Nikesh Arora will leave SoftBank - what next?
Arora's resignation comes a day after SoftBank gave him the clean chit after a special committee re…