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SOFTBANK FINTECH
SoftBank-backed OPay raises $304 million in US IPOThe Nigeria-focused firm sold 16 million American depositary shares at $19 apiece in the IPO, compared with its targeted range of $19 to $2...
Cognizant eyes Sarvam stake; Ather aims for higher market shareHappy Wednesday! Cognizant has held discussions to invest in homegrown AI startup Sarvam. This and more in today’s ETtech Morning Dispatch.
Menlo Ventures on AI slowdown; Ola Electric CEO pledges stakeHappy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This an...
Listed startups unlock Rs 25,000 crore for VC, PE investorsAn ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investor...
Adobe’s next boss joins a powerful club: Meet the Indian-origin CEOs running the world’s biggest companiesAdobe’s next CEO Anil Chakravarthy is joining a powerful club. From Microsoft and Google to Chanel, FedEx and Micron, Indian-origin executi...
Rentomojo’s valuation jump; SoftBank’s Meesho windfallRentomojo is expected to go public at a valuation nearly five times higher than its previous private market round. This and more in today's...
Startup block-deal rush puts private valuations to the cash testA rush of block deals in newly listed Indian startups is putting private-market valuations to the test. Early investors in Groww and Meesho...
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...
SoftBank offloads another 2% stake in PaytmEarlier in February last year, SoftBank held a 13.24% stake in fintech major Paytm and has continued to dilute its stake through the course...
SoftBank fully exits Policybazaar parent, fetching $650 million in returnsSoftBank had invested close to $200 million in PB Fintech and sold its remaining stake in a mid-December transaction for about Rs 914 crore...
SoftBank took home $1.8-1.9 billion from four listed portfolio companiesJapanese investor SoftBank has sold stakes worth $1.8-1.9 billion during the public offerings and through post-listing sales in four Indian...
Zomato block deal: SoftBank reportedly sells 1.09% stake worth Rs 1,000 croreSoftBank, through its affiliate SVF Growth Singapore Pte, has sold a 1.09% equity stake in Zomato in a bulk deal worth Rs 1,040.5 crore. Th...
SoftBank to offload 1.1% stake in Zomato worth Rs 1,024 crore via bulk deal: ReportAccording to reports, the offer price is set around Rs 109.4-111.6 per share and the transaction is valued at 1,024 crore. SoftBank holds a...
SoftBank sells 2.5% stake in PB Fintech for Rs 869 cr; Goldman Sachs, Nomura among buyersSoftBank which was one of the early investors in India's tech companies, has been gradually paring stakes in the firms. Earlier in August, ...
SoftBank likely to sell shares worth up to $105 million in PB Fintech: reportThe indicative price for the block deals is likely in the range of Rs 752 to Rs 767 per share, the report said.
Japan’s SoftBank Group to sell 2.5% stake in PB Fintech via block deal: ReportThe Japanese conglomerate is likely to offer the stake at a price range of Rs 752-767 per share, which implies up to 2% discount to Thursda...
Lack of late-stage opportunities led to SoftBank going slow on India investments: BofA SecuritiesSeveral domestic companies haven’t met its “sweet spot” of investing in startups valued at $500 million to $2 billion, the report added.
SoftBank offloads 2% stake in Paytm parent One97 CommunicationsA SoftBank entity, SVF India Holdings (Cayman) Ltd, sold the shares, totalling more than 13 million, between February 10 and May 8. The tra...
SoftBank likely to sell 5% stake in PB FintechAs of September 2022, SoftBank held a 10.17% stake in the company that operates the online insurance aggregator. The sale will almost halve...
Softbank to sell Paytm shares worth $200 million via block deal tomorrow: ReportsBofA Securities is the banker for the deal, and the price range for the sale has been set at Rs 555-601.