Page 8 - Softbank
Snapdeal appoints Ullas Kamath, Anisha Motwani as directors on board
According to sources, Snapdeal hopes to gain from the new board members' experience in serving the value-conscious consumer in 'Bharat' or tier-2,3,4 markets ahead of its proposed IPO.
 "Snapdeal appoints Ullas Kamath, Anisha Motwani as directors on board")
Policybazaar IPO: SoftBank to sell 20% of its stake worth Rs 1,875 crore
The Japanese venture fund currently has a 13 per cent stake in the IPO-bound company
 "Policybazaar IPO: SoftBank to sell 20% of its stake worth Rs 1,875 crore")
SoftBank-backed Ola's COO and CFO to exit firm amid its plans to go public
Source says departures driven by loads of pressure from the top, pandemic impact on ride-hailing business and plenty of resources going to Ola Electric
 "SoftBank-backed Ola's COO and CFO to exit firm amid its plans to go public")
Ahead of IPO, Ola's COO and CFO to exit the company
Swayam Saurabh and Gaurav Porwal are leaving the company, according to an internal memo seen by Reuters
OYO names silver-medallist Paralympian Deepa Malik as independent director
Joins three other independent directors and one nominee director, besides Ritesh Agarwal who is the chairman
 "OYO names silver-medallist Paralympian Deepa Malik as independent director")
InMobi to acquire London-based app ads performance tracker Appsumer
Appsumer has been the intelligence platform of choice for consumer brands such as Miniclip, Picsart and Viber. It was funded by Galvanise Capital and named a Top-100 UK startup
 "InMobi to acquire London-based app ads performance tracker Appsumer")
Oyo files to raise $1.1 bn in IPO after refashioning business model
The filing of the draft red herring prospectus of Oyo, which is officially known as Oravel Stays, marks a dramatic recovery after the pandemic buffeted the travel and hospitality industry
 "Oyo files to raise $1.1 bn in IPO after refashioning business model")
Softbank-backed Oyo in legal spat with rival Zostel ahead of $1.2-bn IPO
Zostel filed a petition in August with the Delhi High Court to stop Oyo from changing its shareholder structure, including through an IPO
 "Softbank-backed Oyo in legal spat with rival Zostel ahead of $1.2-bn IPO")
SoftBank leads $680 million funding round in NFT fantasy soccer game Sorare
LONDON (Reuters) - Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain's Gerard Pique also investing, the company said on Tuesday.
 "SoftBank leads $680 million funding round in NFT fantasy soccer game Sorare")
Ola GMV has crossed pre-pandemic levels, says CEO Bhavish Aggarwal
'Recovery from the second wave is 3 times faster. Clearly, India is up and about,' tweeted Aggarwal
 "Ola GMV has crossed pre-pandemic levels, says CEO Bhavish Aggarwal")
SoftBank soars 10% after stock swap deal with Deutsche Telekom
The Japanese investment giant announced a complicated deal under which it will swap T-Mobile shares for an initial 225 million shares of Deutsche Telekom
 "SoftBank soars 10% after stock swap deal with Deutsche Telekom")
Used vehicle startup Cars24 to raise $350 mn from SoftBank, others: Report
The fundraising would also include Falcon Edge Capital and value the startup at close to $2 billion, said the person, asking not to be named because the details aren't public
 "Used vehicle startup Cars24 to raise $350 mn from SoftBank, others: Report")
Funding at a glance: SoftBank expects a bonanza from seven Indian start-ups
SoftBank CEO Masayoshi Son once saw hotel chain Oyo as the jewel in his crown
 "Funding at a glance: SoftBank expects a bonanza from seven Indian start-ups")
Top headlines: Govt's settlement with Cairn, hurdle in Paytm's $2.2 bn IPO
Business Standard brings you the top headlines of the day
 "Top headlines: Govt's settlement with Cairn, hurdle in Paytm's $2.2 bn IPO")
Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel
Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions
 "Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel")
Oyo makes room for revival, tweaks strategy for sustainable growth
The asset- and capex-light model, which is at the heart of the strategy, is yet to be tested
Q1 results: As tech rally cools, SoftBank posts 39% lower profit
Japanese group to cut China investments until tech sector scrutiny clarifies
 "Q1 results: As tech rally cools, SoftBank posts 39% lower profit")
A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son
Last month, Swiggy closed a $1.25-bn fundraise, marking the first investment in the category by SoftBank Vision Fund 2, and raising its valuation by more than 50% to $5.5 bn
 "A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son")
Masayoshi Son to make personal investments with SoftBank's Vision Fund
The billionaire made the disclosure as his company reported earnings, explaining he will begin to co-invest in Vision Fund 2, an investment vehicle where SoftBank has been the sole source of capital
 "Masayoshi Son to make personal investments with SoftBank's Vision Fund")
SoftBank's Vision Fund posts $2 bn Q1 profit, share weakness casts shadow
China regulatory action has hit valuations, but sees further upside from listing of Paytm, Policybazaar
 "SoftBank's Vision Fund posts $2 bn Q1 profit, share weakness casts shadow")
