Page 2 - Softbank
Masayoshi Son's SoftBank buyout would look more like Musk than Dell
Every quarter Masayoshi Son is forced to give metrics he doesn't believe capture the value of his firm. "We are an investment company, we're not engaged in operations," he said in August 2020
 "Masayoshi Son's SoftBank buyout would look more like Musk than Dell")
SoftBank's Masayoshi Son raises stake, can now block special resolutions
Son's stake has grown in percentage terms as a result of a recent series of massive share buybacks, a SoftBank spokesperson said
 "SoftBank's Masayoshi Son raises stake, can now block special resolutions")
Walmart's payments startup PhonePe seeks to raise $1 billion: Report
The company is in talks with SoftBank Group Corp.'s Vision Fund, an investor in PhonePe's parent entity Flipkart, although Walmart will remain top investor, the people said
 "Walmart's payments startup PhonePe seeks to raise $1 billion: Report")
SoftBank-backed Cars24 eyes small towns to sell used cars in India
The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021
 "SoftBank-backed Cars24 eyes small towns to sell used cars in India")
Oyo founder Ritesh Agarwal urges companies to hire laid-off employees
Recently, Oyo said that it was cutting 600 jobs in its corporate and technology departments
 "Oyo founder Ritesh Agarwal urges companies to hire laid-off employees")
Softbank halves stake in Policy Bazaar parent, mops up Rs 1,043 crore
Sells 22.84 million shares, or 5.08% stake, at Rs 456.4 apiece; 30 institutional investors among buyers
 "Softbank halves stake in Policy Bazaar parent, mops up Rs 1,043 crore")
SoftBank plans to sell 5% stake in PB Fintech via block deal: Report
The block deal on Friday could be at a base price of 440 rupees per share, CNBC-TV18 said in a tweet. PB Fintech's shares closed at 461 rupees on Thursday
 "SoftBank plans to sell 5% stake in PB Fintech via block deal: Report")
Oyo Hotels reports net loss of Rs 333 cr in Q2; revenue increases 24%
The company reported a 24% increase in revenue during the first half of the year, to 29.05 billion rupees. It did not disclose a quarterly revenue figure
 "Oyo Hotels reports net loss of Rs 333 cr in Q2; revenue increases 24%")
Zomato co-founder Mohit Gupta quits; third big exit in two weeks
Gupta was previously the chief operating officer for the travel company Makemytrip
 "Zomato co-founder Mohit Gupta quits; third big exit in two weeks")
As SoftBank sells stake in Paytm for $215 million, more could follow
The price range for the shares was set between Rs 555 to Rs 601.45, which would mean a discount of 7.7 per cent
Start-up meltdown continues as pre-IPO investors look to sell stake
Paytm shares go down 10 per cent after SoftBank pares holding; Delhivery, PolicyBazaar under pressure
 "Start-up meltdown continues as pre-IPO investors look to sell stake")
Which investors will lose the most money because of FTX's implosion?
Out of all the investors, at least two major shareholders, Sequoia and Paradigm, have decided to mark their investments down to zero
 "Which investors will lose the most money because of FTX's implosion?")
SoftBank sells 4.5% stake in Paytm for $200 million, says report
SoftBank's sale of 29.35 million shares at that price amounts to a total consideration of $200 million, according to Reuters calculations
 "SoftBank sells 4.5% stake in Paytm for $200 million, says report")
Paytm faces another reckoning with lock-in period expiring this week
The biggest shareholders in One97 Communications Ltd., Paytm's parent company, are Alibaba Group Holding Ltd. and its fintech affiliate Ant Group Co., as well as Japan's SoftBank Group Corp
 "Paytm faces another reckoning with lock-in period expiring this week")
SoftBank writes off $100 mn investment in bankrupt crypto exchange FTX
Beleaguered Japanese investment firm SoftBank invested the money as part of its Vision Fund 2 in FTX
 "SoftBank writes off $100 mn investment in bankrupt crypto exchange FTX")
SoftBank Vision Fund loses $7.2 billion on back of tech writedowns
The Vision Fund segment lost 1.02 trillion yen in July-September, following a 2.33 trillion yen loss in the June quarter. Overall, the Japanese conglomerate logged net income of 3.03 trn in last qtr
 "SoftBank Vision Fund loses $7.2 billion on back of tech writedowns")
Ola shuts in-car infotainment service launched in 2016 as global first
Industry sources say the service was not proving any value to the ride-hailing company
 "Ola shuts in-car infotainment service launched in 2016 as global first")
Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses
The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year
 "Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses")
Tiger Global-backed Wow! Momo elevates CMO Muralikrishnan to co-founder
He officially joined the founders in 2018 and began by leading the store-level growth hacking to brand development and was later named the group's CMO
 "Tiger Global-backed Wow! Momo elevates CMO Muralikrishnan to co-founder")
Several startups in India may lose their Unicorn status, says report
In total, around 105 start-ups in India attained the status of Unicorns between 2018 and 2022 but the active number of unicorns has now been reduced to 84
 "Several startups in India may lose their Unicorn status, says report")
