Wednesday, April 24, 2024
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Softbank

Bloomberg reported that the investment firm plans to invest a total of $100 billion, with $30 billion originating from the firm itself and the remaining $70 billion from institutions in the Middle East.

The Softbank-backed e-commerce firm has been able to slash its supply-chain overheads by 5% by bringing together India’s unorganised logistics players onto its tech-enabled platform

Japanese multinational investment firm SoftBank's stake in One97 Communications was close to 7.01 percent last year, which has now decreased to 5.06 percent after this sale

FirstCry has now joined the league of start-ups having a revenue of over Rs 5,000 crore

SoftBank retains a 2.17 percent ownership stake in Zomato

The roadshow has been launched as the firm is planning to launch an IPO with a $52 billion valuation

SVF India Holdings had sold 4.5 per cent in November 2022 and another 2.07 per cent in the first half of 2023

The comments hold significance after Fidelity Investments, one of Meesho's investors, reduced the company's valuation by 10 per cent to $4.4 billion

Reliance Industries-owned Ajio is setting up a new marketplace for low-priced fashion items, Ajio Street, which will work on a zero-commission model, in a bid to expand its customer base to non-metro cities in India

The company has achieved this feat within eight years of its inception and claims that half of the total sellers registered to belong to tier 2 and smaller towns.