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SoftBank would cut startup funding by half this year as losses cross $13 billion

Japanese investment giant SoftBank on Thursday reported a huge net loss of 1.708 trillion yen ($13.…

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5 mins read

A 'thaw in startup funding winter' as two unicorns emerge within a quarter

The year 2024 has been good for many startups, as deal activity is growing at a faster clip. While …

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2 mins read

Delhivery shares edge lower after SoftBank offloads 3.8% stake for ₹954 crore

Shares of logistics provider Delhivery were down 2% in morning trade on Thursday, a day after Japan…

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Softbank chief says that those who don't adopt AI are 'goldfish' who will be 'left behind'

The Softbank founder believes that AI will surpass all human knowledge by 2030.

Tom Carter   


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Softbank is planning to invest in OpenAI, report says, after Masayoshi Son said he uses ChatGPT every day

Softbank is considering investing in OpenAI, after boss Masayoshi Son told Softbank shareholders he…

Tom Carter   


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Swiggy gets a $1.25 billion cheque from Softbank for the same reason Zomato went for an IPO

Swiggy has raised $1.25 billion in a funding round led by SoftBank Vision Fund II and Prosus, a we…

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SoftBank CFO's pay fell nearly 40% after the company's VC fund lost $26.2 billion, a report says

The 100 million yen paycheck for SoftBank's founder and CEO Masayoshi Son stayed roughly the same b…

Rosie Bradbury   


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Abu Dhabi Investment Authority invests $500 mn in eyewear unicorn Lenskart

Omnichannel eyewear unicorn Lenskart has signed a definitive agreement with Abu Dhabi Investment Au…

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SoftBank-Swiggy deal gets CCI approval, two days before Zomato IPO

CCI has approved SoftBank’s request to invest in food delivery giant Swiggy, ahead of Zomato IPO.

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SoftBank will cut investments in Chinese startups as it awaits more regulatory clarity

"Until the situation is clearer we want to wait and see," CEO Masayoshi Son said. "In a year or two…

Isabelle Lee   


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E-commerce platform Flipkart to buyback employee stock options worth ₹600 crore, say sources

Earlier in the day, Flipkart announced raising $3.6 billion (about Rs 26,805.6 crore) in funding…

PTI   


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SoftBank Group reports massive $5.9 billion net loss amid global tech meltdown

There is no respite for SoftBank Group in the ongoing global tech meltdown as the Japanese investme…

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Facebook-backed Meesho raises $300 million from SoftBank Vision Fund 2 – valuation jumps to over $2 billion

The round also saw participation from Meesho’s existing investors Prosus Ventures, Facebook, Shu…

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FedEx makes its first strategic investment in India, puts $100 million in Delhivery’s kitty

FedEx Express has made a strategic investment of $100 million in Indian logistics startup Delhivery…

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OYO raised $660 million in debt funding to repay past debts

OYO has raised $660 million in debt from undisclosed institutional investors as the Gurugram-based …

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SoftBank's Vision Fund posted a record $8 billion profit in the third quarter as its bets on DoorDash and Uber paid off

Booming markets - particularly for tech - helped SoftBank's Vision Fund bring in record 3rd-quarter…

Harry Robertson   


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OYO’s valuation nears $10 billion with Microsoft’s $5 million investment

Global tech giant Microsoft has invested $5 million in hotel and hospitality business OYO, reported…

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The founders of OYO and Zomato pump in money to make edtech startup Unacademy worth $3.4 billion ⁠— a ten fold jump in 18 months

The six-year old startup founded by Gaurav Munjal, Hemesh Singh and Roman Saini, Unacademy…

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OfBusiness, a platform that helps SMEs get raw materials, becomes the newest unicorn from India

As per the company’s press note, OfBusiness was valued at more than $1.5 billion. A unicorn, in …

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Agritech startup Vegrow raises $13 million Lightspeed, Elevation

Vegrow has raised $13 million in a Series A round co-led by Lightspeed Venture Partners and Elevati…