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Softbank Group News

26 Jul 2019

SoftBank Group's $108 billion Vision Fund 2 draws in Microsoft, Apple

The Japanese conglomerate itself plans to invest $38 billion in the fund, it said in a statement. Others set to join include Apple Inc and Taiwan`s Hon Hai Precision Industry Co Ltd (Foxconn) - both investors in the first fund.

06 Jun 2019

India to order taxi aggregators like Uber, Ola to go electric

Uber and Ola, both backed by Softbank Group, would need to start converting their fleet as early as next year to achieve 2.5% electrification by 2021, 5% by 2022, 10% by 2023 before hiking it to 40%.

Walmart-Flipkart deal

31 Jan 2018

Walmart in talks to buy minority stake in Flipkart: Report

The US retailer can acquire a stake of 15% to 20% in e-commerce firm Flipkart.

25 Jan 2018

Uber chief to visit India, Japan in Feb on charm offensive

The ride-sharing firm new head will make his first visit to Asia next month.

16 Oct 2017

Flipkart in talks to buy stake in BookMyShow: Report

Flipkart has secured nearly $2.5 billion in funding from Japan`s SoftBank Group in August.

03 Oct 2017

Ola gets $2 billion funding from SoftBank, Tencent and others

Ola and SoftBank declined to comment on the matter while Tencent was not immediately available.

10 Aug 2017

Ola raises Rs 231 crore from Tekne Private Ventures

The said shares were allotted on June 7, 2017, the documents showed.

07 Aug 2017

SoftBank CEO says interested in investing in Uber, Lyft

SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber Technologies and Lyft but had not made a decision.

01 Aug 2017

SoftBank Fund may invest up to $2 billion in Flipkart

SoftBank Vision Fund, founded by SoftBank Group Chairman Masayoshi Son, operates as a separate entity. It also has participants like Apple, Foxconn and Public Investment Fund of the Kingdom of Saudi Arabia.

Chinese startup Ofo

28 Jul 2017

China bike-sharing firm Ofo in talks to raise $1 billion, led by SoftBank

The latest Ofo investment plan has not been finalised, the sources said, who declined to be identified as the discussions are private.

Indian online marketplace

11 May 2017

Snapdeal founders, Nexus reach deal with SoftBank for sale to Flipkart

Nexus and Snapdeal founders have agreed to the terms of payment with SoftBank wherein Snapdeal founders would get $15 million each and Nexus would get $50 million to $60 million.

16 Aug 2016

Hike Messenger raises $175 mn led by Tencent, Foxconn

Messaging platform Hike Messenger on Tuesday said it has raised USD 175 million in a new round of funding led by Tencent Holdings and Foxconn Technology Group, valuing the company at about USD 1.4 billion.

23 Jun 2016

Meet the man who bid goodbye to a job that earned him Rs 500 crore annually

Arora, 48, who joined SoftBank in September 2014 with an annual salary of $73 million (around Rs 500 crore).

22 Jun 2016

Ken Miyauchi to replace Nikesh Arora as SoftBank president

Japanese conglomerate SoftBank Wednesday said Ken Miyauchi, head of the group's Japanese telecommunications operations, would replace Nikesh Arora as president and chief operating officer.

Finance Minister India

30 May 2016

Jaitley to 'take India story forward' with Japanese investors

Tokyo: Eyeing investments from Asia's second-biggest economy, Finance Minister Arun Jaitley said his visit to Japan is aimed at taking India growth story forward with investors so as to make them invest in a host of sectors, including infrastructure.

29 May 2016

Arun Jaitley seeks Japanese investments; meets SoftBank CEO

Seeking to woo investors from Asia's second biggest economy, Finance Minister Arun Jaitley Sunday began his six-day Japan visit as he met Masayoshi Son, the CEO of Japanese telecom giant SoftBank Group, which is eyeing "one of the biggest" investments in solar power sector in India.

Taxi Aggregator

18 Nov 2015

Ola raises $500 mn from Baillie Gifford, SoftBank and others

With the current round, Ola has closed over USD 1.3 billion of external funding.

16 Dec 2014

Housing. Com raises $90 million

The company will use the funds to map over 40 million houses across 300 cities in India and provide on-off buttons to home owners and agents.

29 Oct 2014

Softbank Group to invest $627 mn in Snapdeal

Snapdeal Tuesday said Japanese telecom giant Softbank will invest USD 627 million (about Rs 3,762 crore) in the company, becoming the largest shareholder in the online marketplace major.

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