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Meesho delists 52 lakh counterfeit, restricted products in six months

SoftBank-backed e-commerce firm Meesho has delisted nearly 42 lakh counterfeit and infringing produ…

PTI   


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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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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 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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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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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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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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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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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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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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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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OYO's Singapore arm secures $200 million loan from SoftBank

Hospitality major OYO Hotels & Homes' Singaporean subsidiary has received a term loan from SoftBank.

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Former Infosys CEO Vishal Sikka's company Vianai Systems raises $140 million led by SoftBank Vision Fund 2

Vianai said it will use new funds to accelerate the delivery of its human-centered AI platform a…

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SoftBank CEO says he had a crisis that left him in tears for days and made him question his achievements

Masayoshi Son made the comments, which were reported by The Financial Times, during SoftBank's annu…

Beatrice Nolan   


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Unicorns and startups should prepare for a longer funding winter, says SoftBank's Masayoshi Son

Masayoshi Son, Founder and CEO of Japanese investment group Softbank, on Monday warned unicorns and…

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Digital payment firm Paytm gets a green signal from company's board to raise ₹22,000 crore via initial public offer

"The board of directors of Paytm has given in-principle approval for the mega IPO planned to …

PTI   


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SoftBank's $10 billion gain on the DoorDash IPO will offset the fund's WeWork 'disaster,' says a stock analyst

"Suddenly Masa goes from losing to being hero very quickly," David Gibson of Astris Advisory Japan …

Emily Graffeo   


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SoftBank's founder compared himself to Jesus and Yoda. His tech fund lost a record $32 billion this year.

SoftBank was once described as a "spaceship." Economic turmoil has brought it crashing to Earth.

Hasan Chowdhury   


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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.…