Page 19 - Softbank
Real estate veteran Sandeep Mathrani to lead WeWork turnaround as CEO
Mathrani will replace WeWork co-CEOs Artie Minson and Sebastian Gunningham and report directly to Chairman Marcelo Claure
 "Real estate veteran Sandeep Mathrani to lead WeWork turnaround as CEO")
Indian-American steps in to help WeWork sustain itself
Sandeep Mathrani replaces Artie Minson and Sebastian Gunningham, the co-chief executives
Ride-hailing firm Ola to start in London on Feb 10 with over 20,000 drivers
Will be fully operational from day one, firm aims to offer a differentiated experience with features such as 24/7 helplines for drivers and customers and in-app emergency button
 "Ride-hailing firm Ola to start in London on Feb 10 with over 20,000 drivers")
Housing.com enters co-living biz; partners OYO, Zolo to list 500,000 beds
Housing.com, which is also backed by Softbank, Accel and SAIF Partners, has tied up with OYO Life and Zolo to promote their co-living spaces on its platform.
 "Housing.com enters co-living biz; partners OYO, Zolo to list 500,000 beds")
Income tax officials conduct surprise search at SoftBank-backed Oyo
The news comes at a time when Oyo's major shareholder SoftBank faces renewed investor scrutiny after being forced to bail out one of its best known portfolio companies
 "Income tax officials conduct surprise search at SoftBank-backed Oyo")
Oyo continues to trim workforce, plans to let go 1,200 in India in 4 months
It has let go of 5 per cent of its 12,000 employees in China partly due to non-performance
 "Oyo continues to trim workforce, plans to let go 1,200 in India in 4 months")
SoftBank in talks to sell stake in India's renewable energy venture: Report
A SoftBank representative in India did not immediately respond to an email request from Reuters for comment
 "SoftBank in talks to sell stake in India's renewable energy venture: Report")
SoftBank-backed Findability needs 100k citizen data scientists from India
Founder and CEO Anand Mahurkar said the company is expanding its operations in India and aiming to attract citizen data scientists to build various applications on the AI platform
 "SoftBank-backed Findability needs 100k citizen data scientists from India")
Uniqlo founder and CEO Tadashi Yanai resigns as SoftBank board member
TOKYO (Reuters) - Japan's SoftBank Group Corp <9984.T> said Tadashi Yanai, founder and CEO of Uniqlo parent Fast Retailing <9983.T>, will resign as independent board member at the end of the month after 18 years on the job to focus on his fashion business.
 "Uniqlo founder and CEO Tadashi Yanai resigns as SoftBank board member")
Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year
The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.
 "Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year")
Indian startups raise a record $14.5 bn in 2019, 459 Series A rounds held
Masayoshi Son-led SoftBank made massive investments in the Indian startups, biggest funding round
 "Indian startups raise a record $14.5 bn in 2019, 459 Series A rounds held")
Travis Kalanick cuts all ties with Uber; leaves board, sells all shares
Kalanick, 43, has sold all of his remaining shares in the ride-hailing giant and plans to focus on his new business and philanthropic endeavours
 "Travis Kalanick cuts all ties with Uber; leaves board, sells all shares")
SoftBank invests $275 million in Lenskart; buys out some early investors
A large part of this investment will go towards building next generation technology and supply chain, said Peyush Bansal, Founder & CEO of Lenskart
 "SoftBank invests $275 million in Lenskart; buys out some early investors")
Masayoshi Son may be less of a technology guru, more a die-hard capitalist
With the Vision Fund fully deployed, and the second iteration likely a lot smaller, Son may have trouble offloading his startup stakes
 "Masayoshi Son may be less of a technology guru, more a die-hard capitalist")
Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal
Lenskart is raising Rs 1,645 cr in a funding round led by Masayoshi Son-led SoftBank; company has cut losses by 73%, while driving revenue up 57% in FY19
Oyo says SoftBank's Yahoo Japan has exited Japan room rental venture
Oyo, which is also backed by SoftBank Group Corp, said it has bought back the shares in Japanese apartment rental company.
SoftBank sister firm to invest $4 bn in Gujarat's renewable energy sector
The investment will be in solar energy, wind energy and other unconventional renewable energy sources, it said.
 "SoftBank sister firm to invest $4 bn in Gujarat's renewable energy sector")
Softbank's Son reiterates his belief in gut-led investing in chat with Ma
SoftBank owns 26% of China's Alibaba, with its origin in a $20 million investment in 2000, and the stake is now worth more than the Japanese firm's market capitalization
 "Softbank's Son reiterates his belief in gut-led investing in chat with Ma")
Why MNCs are changing their India tune
The reasons are myriad - maturing of markets, change in business strategy -but there is a clear indication that global firms are not willing to tolerate any more slack in India
 "Why MNCs are changing their India tune")
After WeWork, SoftBank Group's start-up Bookkeeping draws scrutiny
Son's bookkeeping has allowed him to claim his average internal rate of return far outpaces those of other investors
 "After WeWork, SoftBank Group's start-up Bookkeeping draws scrutiny")
