Page 6 - Softbank

Observe.AI raises $125mn in series C funding led by Softbank Vision Fund 2

Existing investors Menlo Ventures, Scale Venture Partners, and Nexus Venture Partners also participate; company's total funding to date is $213 million

SoftBank-backed Meesho lays off 150 employees from grocery vertical

Last week, firm said it was integrating grocery biz within the core app to offer users unified shopping while driving stronger synergies across customer acquisition, technology, product and talent

Glance acquires gaming firm Gambit; forays into NFT-based live gaming

The acquisition of Gambit brings together Glance's scale and lock screen centric innovation with Gambit's expertise and understanding of the gaming ecosystem

SoftBank-backed Oyo to weigh 50% smaller IPO amid market turmoil: Report

Oyo made preliminary filings in September aiming for an IPO in early 2022

SoftBank founder Masayoshi Son loses $25 bn in tech's brutal winter

Masayoshi Son, SoftBank Group Corp.'s billionaire founder, checks the chart. Then again. Another time. And once more for good measure

Softbank representative Munish Varma resigns from Paytm, PB Fintech boards

Softbank Vision Funds India Holdings (Cayman) holds a 17.47 per cent stake in Paytm

SoftBank's Arm to lays off up to 15% staff members as it readies for IPO

The British company will shed 12 per cent to 15 per cent of staff in the UK and the US, Chief Executive Officer Rene Haas said in a memo to staff, according to a person familiar with the matter

Softbank executives to step down from Paytm and Policybazaar boards

This is part of the global strategy of Softbank globally to not be on boards of listed firms

SoftBank execs to quit Paytm, Policybazaar boards as part of global plan

Japanese tech conglomerate expects it would have fewer regulatory issues to tackle with strategy.

SoftBank in talks with Tatas, Mahindra for stake buy in subsidiary: Misra

Japanese investor SoftBank Investment Advisers is in talks with Tatas and Mahindras for a stake buy in one of their subsidiaries, a top official said on Friday.

Our mission is to democratise e-commerce, says Meesho founder & CTO

To understand the tech infrastructure, one also needs to understand the consumer category we are tapping into, says Barnwal

Polygon's $450-mn funding: Is it Flipkart moment for blockchain in India?

The Indian blockchain start-up's massive funding round has many implications for Web3 companies and VCs in the crypto arena

Chip demand rising but Intel sees no big profit margin gains before 2025

Intel Chief Executive Pat Gelsinger also said Intel would be interested in participating if a consortium emerges to own the British semiconductor and software design company Arm Ltd

Rebel Foods scales up expansion of cloud kitchens amid Covid-19 pandemic

Mumbai-based Rebel Foods, and India's master franchise for US fast-food giant, Wendy's, have reached a new milestone with opening 28 new locations in 9 new Indian cities.

SoftBank posts $251 mn net profit in Q3 as tech portfolio valuations weaken

The result compared with a profit of 1.17 trillion yen in the same period a year earlier, when SoftBank booked what was at the time a record quarterly result as its portfolio rallied

SoftBank's sale of Arm to US chipmaker Nvidia collapses: Report

The deal has faced several regulatory hurdles, with the US

Top headlines: India summons Korean envoy; Airtel Q3 net profit declines 3%

Business Standard brings you the top headlines on Tuesday

Facing regulatory roadblocks, SoftBank drops sale of Arm to Nvidia

Arm named a new CEO on Tuesday who it said would help the British firm seek a public listing before March 2023

Storm clouds gather at SoftBank Group as valuations of top companies slide

In the quarter that ended Dec. 31, artificial intelligence firm SenseTime was a bright spot but others, such as Paytm parent One 97 Communications, have disappointed

Berkshire, Softbank Paytm bets sour after digital payment firm's stock rout

The plunge in shares amid a global equity selloff has cast a shadow over the prospects for technology firms preparing to go public in the Indian market.