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SoftBank wraps up $375 mn India exit with a profit

TMT

08 December, 2023

SoftBank wraps up $375 mn India exit with a profit

Japanese technology investment goliath SoftBank, which has been on a spree to harvest money from its India portfolio, has completed ......

Ola Electric slashes sales targets, delays profit goal ahead of planned IPO

Manufacturing

06 December, 2023

Ola Electric slashes sales targets, delays profit goal ahead of planned IPO

India's Ola Electric has slashed its sales goals for 2023-2025 by more than half and delayed its target of achieving ......

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B2B unicorn OfBusiness hits the road to raise funds in pre-IPO round

Infrastructure

06 December, 2023

B2B unicorn OfBusiness hits the road to raise funds in pre-IPO round

Business-to-business e-commerce unicorn OfBusiness is in early stages of discussion with multiple investors – both domestic and sovereign wealth funds ......

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Ola Electric's FY23 net loss almost doubles, revenue jumps but misses target

Manufacturing

30 November, 2023

Ola Electric's FY23 net loss almost doubles, revenue jumps but misses target

SoftBank-backed electric scooter maker Ola Electric posted a wider loss in the financial year through March 2023 but likely missed ......

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After signing off from Paytm, Alibaba affiliate inks near 5x exit move in India

TMT

29 November, 2023

After signing off from Paytm, Alibaba affiliate inks near 5x exit move in India

China’s Alibaba Group, which sold its stake in Paytm parent One97 Communications Ltd earlier this year after virtually writing off ......

How Ola Electric's service network is feeling the strains of success

Manufacturing

28 November, 2023

How Ola Electric's service network is feeling the strains of success

Bhavish Aggarwal, India's answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation ......

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SoftBank-backed OfBusiness in talks with PE firms, SWFs for new funding round

TMT

24 November, 2023

SoftBank-backed OfBusiness in talks with PE firms, SWFs for new funding round

Chasing a valuation of $6 billion, business-to-business (B2B) marketplace OfBusiness has approached sovereign wealth funds, private equity (PE) funds and ......

SoftBank-backed Unicommerce's FY23 revenue jumps over 50%, profit up 7.7%

TMT

23 November, 2023

SoftBank-backed Unicommerce's FY23 revenue jumps over 50%, profit up 7.7%

Ecommerce enablement software platform Unicommerce reported a 52.5% jump in its revenue from operations for the financial year through March ......

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SoftBank logs another sub-par exit move in India

Infrastructure

17 November, 2023

SoftBank logs another sub-par exit move in India

Japanese technology investment giant SoftBank, which has been on a harvest spree in India having divested shares of Paytm, FirstCry, ......

SoftBank likely to sell partial stake in Delhivery: Report

Infrastructure

16 November, 2023

SoftBank likely to sell partial stake in Delhivery: Report

SoftBank is likely to sell a stake worth $150 million in Indian logistics firm Delhivery, Moneycontrol reported on Thursday, citing ......