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Paytm shares tank 11% as lock-in period ends
Shares of One97 Communications, Paytm’s parent firm, on Thursday tumbled nearly 11 per cent following reports that Japan-based SoftBank has started...
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...
Funding winter to separate the wheat from the chaff
SoftBank chief executive officer, Masayoshi Son has a stark warning for startup founders. Son runs one of the biggest fund houses of the world,...
Unacademy drains Rs 100 crore to poach 30 teachers in Kota
SoftBank-backed edtech unicorn Unacademy has spent as much as Rs 100 crore over the last two months to poach 30 top educators from India's coaching...
Ola focuses on cost-cutting exercise, may lay off 400-500 employees
Mobility platform Ola is seeking to significantly bring down its costs, a move that could result in 400-500 employees being laid off, amid a delay in...
SoftBank Group CEO quits in just 5 mths
Alex Clavel, present Managing Partner, will replace Combos from June 30
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...