Ola Signs MOU With TN Govt to Invest Rs 7,614 Crore in EVs and EV Batteries
SoftBank Group-backed Indian electric vehicle (EV) maker Ola Electric on Saturday announced that it had signed a memorandum of understanding (MoU) with the Tamil Nadu...
Tag : SoftBank
Snapdeal to Shelve $152 Million IPO as Tech Stocks Plunge
SoftBank-backed Indian e-commerce firm Snapdeal has decided to terminate its $152 million initial public offering, the company told Reuters, making it the latest victim of...
SBI, HAL, Titan Company in Spotlight
On December 2, 2022, the State Bank of India (SBI), the state-run lender, said it had raised Rs 10,000 crore through its infrastructure bonds, offering...
PB Fintech Shares Up as Softbank Halves Stake in Block Deal
Nearly 2.28 crore shares of PB Fintech changed hands in two block trades on December 2, representing a combined 5.1% stake. While the buyer and...
IPO-Bound OYO Valuation Falls in Private Markets After Investor Softbank Reports Price Cut
Oyo‘s private market valuation has fallen to around $6.5 billion after reports that SoftBank lowered the valuation of the hotel and travel technology company in...
OYO Seeks to Restart IPO After Growth Resumes
Oyo Hotels, an Indian startup, is reviving plans to go public after cost cuts and a revival in tourism helped it cut losses. The hotel...
SoftBank Considers Launching Third Vision Fund
Japanese multinational conglomerate SoftBank Group Corp is planning a third Vision Fund, probably using its capital. In the upcoming months, it will decide on the...
Meesho Digitises 30,000 Small Businesses in West Bengal
On Tuesday, SoftBank-backed e-commerce company Meesho announced that it had digitised more than 30,000 small businesses from West Bengal on the platform. The company also...
Tiger Global and SoftBank Cut Investments in India by Over Third in 2022
According to the data from Venture Intelligence, Japanese investment firm SoftBank and US hedge fund Tiger Global have shortened their investments in Indian startups from...
Bhavish Aggarwal-Led Ola to Invest $500 Million in EV Battery R&D Unit
The ride-hailing company’s electric vehicle arm, Ola Electric, is investing around $500 million to establish its Battery Innovation Centre (BIC) in Bengaluru. Ola, led by...