Follow us on:
Icon
Subscribe
×

SoftBank invests $2 billion in Southeast Asian ride-hailing firm Grab

The Japanese conglomerate SoftBank will invest $2 billion in ride-hailing giant Grab to create a next-generation transportation network to transform the healthcare services. SoftBank will invest the US$2 billion into the country through Grab, to drive the digitization of crucial services and infrastructure – Singapore-headquartered Grab The considerable Softbank investment will also help Grab build […]

Ola Electric receives $250 million in financing from Softbank

According to foreign media reports, Ola’s new company, Ola Electric, has recently received $250 million in financing from Softbank. It is reported that the company is working hard to expand its electric vehicle business in India and to take the lead with Uber. After this round of financing, Ola Electric’s valuation reached 1 billion US […]

OYO invests $300 million in US to open a hotel every day; Plans to go worldwide soon

In a major announcement, Ritesh Agarwal, CEO, and founder of Oyo Hotels & Homes of India has informed that his company plans to invest 300 million dollars for its expansion in the United States. This growth has been driven by the Oyo Hotels and Oyo Townhouse brands of the company. The company is already established […]

SoftBank in a decision to control stake with a reduced investment of US$2 billion in WeWork

Japan’s SoftBank which has already invested more than US$8 billion in WeWork has radically scaled back plans for fresh investment in WeWork. The Group Corp has decided against taking a controlling stake in real estate company WeWork and is instead planning to invest an additional $2 billion in the shared workspace company. The company had […]

Toyota and Softbank in a joint venture to provide optimal mobility transportation

Toyota Motor Corp. and Japanese tech conglomerate SoftBank Corp. say they are setting up a joint venture to create mobility services, adding to a slew of deals aimed at sharing costs and securing expertise in technologies which promise to drastically change the way people use cars. The new company, to be called Monet Technologies Corp. […]

OYO raises $1 billion from Softbank, and others to expand global footprints

Led by SoftBank Investment Advisers (SBIA) with participation from Lightspeed Venture Partners, Sequoia and Greenoaks Capital, OYO has raised $800 million in its latest financing round. Five-year-old online hotel room aggregator OYO has announced a $1 billion fundraising programme, from prominent Japanese investor Softbank and others, primarily to expand its operations in China and other […]

Alibaba in collaboration with SoftBank to invest $3 billion in food delivery service Ele.me

Ele.me, owned by Alibaba, and Koubei, is a food delivery business that has been merged and received $3 billion in funding from the Chinese eCommerce giant and SoftBank. Alibaba said in its earnings statement that Ele.me would be merged with Koubei, an affiliate company that focuses on bringing local businesses online by providing payment and other […]

SoftBank to invest $750 million in Zume to support selling robot-made pizza

SoftBank may invest $500 to $700 million in Zume, the startup that uses robots and software to make and deliver fresh pizza. This Softbank investment in Zume, when finalized, will be another instance where SoftBank’s Vision Fund expands its reaches in the industry of food delivery. Previously in this year, the Japanese firm provided a […]

Brandless sells all product-kinds at $3, captivates $240 million from Softbank

Brandless is a startup that is presently selling products, and all kinds of it, at just $3. Yesterday, July 31, it announced its receival of the investment amounting to $240 million by Vision Fund of SoftBank. This deal values the startup at over $500 million. Brandless founders have astonished the tough nut in SoftBank’s CEO […]

Leading AI innovation to power the future: SoftBank Fund seeks investment from SenseTime

The SoftBank Group Corp announced its fresh investment initiative SoftBank Vision Fund for spurting investments in the domain of information technology. The SoftBank Vision Fund aims to invest about a whopping $1 billion in China’s SenseTime Group Ltd. , earning a stake in what is touted to be the world’s most valuable AI (Artificial Intelligence) […]

SoftBank and India to reach agreement on $100 billion investment in Solar Power

SoftBank will be investing $60 billion to $100 billion in solar power of India, as NHK reports today, June 15. The company and the government of India will be reaching an agreement soon, the report says keeping sources anonymous. According to this report, the Japanese company will come up with the investment by funding from […]

Softbank boss confirms agreement of selling its stake in Flipkart to Walmart

Softbank founder and CEO Masayoshi Son finally have confirmed that they reached an agreement to sell its Flipkart stake to Walmart. This was confirmed today, May 9 and Son did not give any details about the agreement. He, although, did discuss the quarterly results of his company. The Japanese tech company has further planned to […]

Icon