Wednesday, December 07, 2022
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Softbank

The base price for this block deal could be fixed at Rs 440 per share

Innovation, investment and institutional support will be crucial in laying the groundwork that can give indigenous start-ups a fillip to gain their rightful place on the global podium

In this investment round, Chiratae  Ventures and Axis Growth Avenues AIF-I infused $12.2 million each

The Japanese conglomerate had invested $1.6 billion in Paytm and had sold stakes worth $220 billion to $250 billion last year

The edtech uniform sacked 350 employees yesterday, which is around 10 per cent of its workforce

However, the consulting firm defended its findings claiming that it was based on independent research

The Japanese investor, the largest shareholder in the hotel booking company, reduced its estimated value for Oyo to $2.7 billion in the June quarter from an earlier $3.4 billion

The company is also planning to infuse an additional amount in Vision Fund 2. The company will make a decision in the coming months as per the report

This would be the Japanese investors’ smallest investment in the company through its Vision Fund at a valuation of $600 to $700 million

The Tokyo-based investment company plans to lay off employees from 100 positions across the UK, the US and China operations by early September