SoftBank hands new roles to two Vision Fund managing partners
The executive reshuffle signals a heightened focus on SoftBank’s senior ranks in a period of turbulence for the Japanese conglomerate.
SoftBank’s Vision Fund is planning to cut 10% of staff
The Vision Fund has struggled since WeWork botched its efforts to go public last year ...
SoftBank doubles Vision Fund chief, Rajeev Misra's, pay despite record loss
The pay hike for Rajeev Misra comes at a time when the Vision Fun...
SoftBank Vision Fund posts record $17.7 billion loss on Oyo, WeWork and Uber
SoftBank lost $17.7 billion last fiscal year after writing down the value of investments.
WeWork co-founder Adam Neumann sues SoftBank over failed $3 billion tender offer
In April, SoftBank said it would not press ahead with the tender offer because several pre-conditions had not been met, frustrating WeWork's minority shareholders, who were expecting a payout. The investors included Adam Neumann.
Bankers keep Vision Fund going with rubber bands
A likely scenario is that the Vision Fund will once again find bankers willing enough to front the required money, but one would expect (hope) they’d ask for some collateral to back it up and charge a hefty enough interest rate to make it worthwhile in these unstable times.
Amid turmoil at SoftBank, its Vision Fund scouts for secondary deals in India
Rajeev Misra, who oversees the Vision Fund as its CEO, said the firm has $13 billion in unspent capital which they are in talks to deploy in India, and globally, amid doubts about the group’s ability to plough new funds in companies.
Grofers is in talks to raise $60-70 million
The funding comes at a time when the company’s sales and margins have doubled, compared to the same period last year.
Oyo Hotels & Homes appoints new independent member in its board
Alstead most recently served as chief operating officer at Starbucks Corporation and is the founder, president, and CEO of Ocean5 and Table 47 both located in Gig Harbor, Washington.
SoftBank to write down WeWork by $6.6 bln, compounding portfolio misery
SoftBank is embroiled in a legal dispute with directors at WeWork after backing out of a $3 billion tender offer agreed when it bailed out the office-sharing firm following a flopped IPO attempt last year.
Euler Motors raises Rs 20 crore in fresh funding round
The company has also established a network of 100-plus charging infrastructure in Delhi-National Capital Region for charging over 200 electric vehicles at any point.
Yogi Adityanath launches Uttar Pradesh Startup Fund
The chief minister said it was important to bring a new startup policy for agriculture, health, education and other important sectors so that the youth can connect with it.
SoftBank seeks $10 billion to support Vision Fund companies
Some of the fund’s largest investments have already taken a hit. Uber Technologies Inc. shares have more than halved in the past month, in part because its ride-sharing service Uber Pool has been banned in certain geographies.
DPIIT to seek nod for startup credit scheme, seed fund
Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.
DPIIT, revenue dept weigh options for more tax relaxations to startups: Official
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said that they will be submitting a comprehensive vision document for startups to the Cabinet, which has proposed series of steps.
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