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SoftBank Group of Japan to gain $34 bn from cutting Alibaba stake
SoftBank Group Corp said it would book a gain of $34.1 billion by cutting its stake in Alibaba Group Holding, as the investment behemoth looks to...
SoftBank Group International CEO quits in just 5 months
In a surprise move, French businessman Michel Combes, who joined as SoftBank Group International CEO in January this year, has resigned, the company...
Startups on a layoff spree, SoftBank-backed Unacademy fires another...
SoftBank-backed Unacademy has laid off another 150 employees as the edtech unicorn looks to cut costs amid a worsening funding winter for India’s...
Edtech platform Eruditus lays off staff to improve profitability
SoftBank-backed edtech unicorn Eruditus has become the latest edtech company to lay off employees as it looks to improve profitability.
Swiggy buys restaurant tech platform Dineout
Food aggregator and delivery platform Swiggy said that it has signed a definitive agreement with Times Internet to acquire Dineout, a restaurant tech...
SoftBank reports $13 bn loss amid tech sell-off, cuts startup funding
Japanese investment giant SoftBank on Thursday reported a huge net loss of 1.708 trillion yen ($13.14 billion) for the year ending March 31, saying...
SoftBank posts $13 billion loss for FY22 hit hard by falling tech...
Japan’s SoftBank Group, on May 12, reported a net loss of 1.7 trillion yen ($13 billion) for the fiscal year ended March 31 2022.
Open becomes 100th unicorn of India, raises $50 million in Series D...
Open, a neobanking platform for Small and Medium Enterprises (SME), has raised $50 million at a valuation of $1 billion, sources revealed. This makes...
