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SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...- Govt’s new ‘law-to-code’ push; UpGrad’s $1.7 billion valuationHappy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in...
- UpGrad value pegged at $1.7 billion as Unacademy deal awaits CCI assentUpGrad's valuation hit $1.7 billion, with a confidential report revealing projected profitability for FY26. The edtech firm plans to acquir...
- Unacademy’s test prep CEO Sumit Jain quits ahead of upGrad acquisitionSumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 20...
- UpGrad, Unacademy file application with CCI for mergerEdtech firms UpGrad and Unacademy have filed for antitrust clearance with the CCI for their proposed merger. UpGrad will acquire Unacademy ...
- PhysicsWallah's slow Day 1; SoftBank exits NvidiaOn a busy day in the primary market, PhysicsWallah dragged its feet, while Pine Labs crossed the finish mark. This and more in today's ETte...
- Unacademy now ‘default alive’, to cut cash burn to Rs 200 crore in 2025: CEO Gaurav MunjalUnacademy aims to reduce cash burn to under Rs 200 crore in 2025, a sharp drop from Rs 1,000 crore in 2021. CEO Gaurav Munjal says the star...
- Late-stage investing is stuck as Indian companies still at 2021 valuations: SoftBank Vision Fund’s Sumer JunejaJuneja, managing partner, India & EMEA (Europe, Middle East and Africa) at SoftBank Investment Advisers, most of the top technology compani...
- SoftBank sheds another 2% in Paytm; will approach GST Council on 28% tax once gaming rules in place: ChandrasekharIn May, SoftBank had sold a 2.07% stake in Paytm through open market transactions that began in February. Prior to the latest transaction, ...
- Rajeev Misra steps back at SoftBank to launch new fundRajeev Misra, who has led the SoftBank Vision Fund since 2017 when it raised $100 billion, the largest pool of private capital, is likely t...
- Eruditus FY22 revenue up 87%; loss excluding exceptional items at $66 millionIn the financial year ending FY21, Eruditus had reported a cash loss of $31 million, filings reviewed by ET showed. The Mumbai-based edtech...
- SoftBank India head Sumer Juneja gets larger role, to also oversee Europe, Middle EastSoftBank Vision Fund’s managing partner Sumer Juneja and India head has been given the additional responsibility of overseeing Europe, the ...
- SoftBank to slash investments after $26 billion Vision Fund loss: Masayoshi SonAmong Indian listed portfolio companies, SoftBank reported unrealised loss of $600 million as of FY22 from $1.4 billion investment in Paytm
- SoftBank Vision Fund elevates Sumer Juneja to managing partner positionSumer Juneja joined SoftBank Vision Fund in 2018 as partner and head of India and has since led investments in Swiggy, Meesho and Eruditus.
- ETtech Deals Digest: The unicorn stampedeIndia minted another unicorn this week with edtech platform Vedantu becoming the 28th startup in 2021 to enter the coveted club of companie...
- Unacademy allocates $20 million to group firm Relevel"The fundraise comes within four months of the launch of Relevel, on the back of strong traction witnessed in user growth, hiring company p...
- SoftBank lines up over $1 billion in Q1 to fuel startup boomThis is in line with SoftBank’s global approach where it made several big-ticket investments in tech startups last week.
- Unacademy makes its fifth acquisition of 2020 in NeoStencilUnacademy, India’s second-most valued edtech startup, has acquired Neostencil for an undisclosed sum to grow its footprint in Tier II and T...
- SoftBank Vision Fund will invest early; back enterprise, SaaS companies: Rajeev MisraSoftBank Vision Fund may fund SaaS firm MindTickle; expects some portfolio firms to list next year
- Former Housing.com co-founder's edtech firm Genius raises $2 million fundingAfter launching its business-to-consumer platform, Sharma plans to expand the service to about 500,000 paid subscribers in next 9-12 months
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