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Uber co-founder Travis Kalanick sells nearly $550 mn of shares

People

12 November, 2019

Uber co-founder Travis Kalanick sells nearly $550 mn of shares

Uber Technologies Inc co-founder and former chief executive Travis Kalanick has sold nearly 21% of his stake in the ride-hailing ......

SoftBank posts $6.5 bn quarterly loss as WeWork, Uber bets stumble

Finance

06 November, 2019

SoftBank posts $6.5 bn quarterly loss as WeWork, Uber bets stumble

SoftBank Group Corp reported its first quarterly loss in 14 years on Wednesday, with its giant Vision Fund suffering a ......

CCI to probe SoftBank-backed Oyo, MakeMyTrip

TMT

30 October, 2019

CCI to probe SoftBank-backed Oyo, MakeMyTrip

An Indian regulator has ordered an investigation into allegations that hotel-booking service MakeMyTrip Ltd gives special treatment to SoftBank-backed hotel ......

WeWork plans to lay off nearly a third of global staff

Infrastructure

24 October, 2019

WeWork plans to lay off nearly a third of global staff

Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put ......

Softbank-backed C2FO acquires payment platform Priority Vendor

TMT

10 October, 2019

Softbank-backed C2FO acquires payment platform Priority Vendor

US-based fintech firm C2FO, which operates a marketplace that provides working capital to companies and counts India as its fastest-growing ......

SoftBank CEO Masayoshi Son says "embarrassed" by track record

Finance

07 October, 2019

SoftBank CEO Masayoshi Son says "embarrassed" by track record

SoftBank Group CEO Masayoshi Son said he is "embarrassed and flustered" by his track record, in comments to Nikkei Business ......

SoftBank-backed Oyo faces backlash as some hotels cry foul and check out

TMT

07 October, 2019

SoftBank-backed Oyo faces backlash as some hotels cry foul and check out

India's Oyo Hotels and Homes shot out of nowhere to become one of the world's largest hotel chains with a ......

WeWork woes hit Softbank's plans for second Vision Fund

Finance

04 October, 2019

WeWork woes hit Softbank's plans for second Vision Fund

Softbank Group founder and CEO Masayoshi Son is struggling to raise money for a second massive technology investment fund in ......

SoftBank set to raise stake in logistics unicorn Delhivery

TMT

01 October, 2019

SoftBank set to raise stake in logistics unicorn Delhivery

SoftBank Vision Fund is picking up an additional 3.28% stake in logistics company Delhivery Pvt. Ltd through a secondary transaction, ......

SoftBank-backed WeWork to formally withdraw ill-fated IPO

Infrastructure

01 October, 2019

SoftBank-backed WeWork to formally withdraw ill-fated IPO

WeWork's parent The We Company said on Monday it will file to withdraw its initial public offering, a week after ......