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Zepto's market position; TCS' AI verdict at AGMZepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.- Paytm plans 10% staff increase in AI pivot, to lay off 400The increase would mark a roughly 10% increase in its headcount that stands at about 40,000 employees. Paytm is also laying off 1% of its s...
- 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...
- Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...
- SoftBank logs $600 million paper loss on India-listed portfolio in March quarterSoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola El...
- Paytm’s cap table turns Indian: What changes now?Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This ...
- Softbank exits Paytm at loss of around $150 millionSoftbank held around 18.5 per cent stake in Paytm before the company's initial public offering (IPO) in 2021. It held a 17.3 per cent stake...
- SoftBank Vision Fund sold down Paytm stake before shares plungedSoftBank has been offloading Paytm shares regularly since at least November 2022 through last month, according to a Bloomberg analysis of c...
- 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 sells another 2% stake in Paytm; holding slips below 10% for Japanese investorFintech firm's shares slide on BSE after technology investor sells more at Noida-based firm
- 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 sells 4.5% stake in Paytm for $200 million: ReportSoftBank's sale of 29.35 million shares at that price amounts to a total consideration of $200 million, according to Reuters calculations. ...
- Paytm set to get 7% stake in IPO-bound PayPayThis was revealed in a regulatory filing on Wednesday by SoftBank, which owns around 20% stake in One97 Communications, the parent entity o...
- Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidationOnline retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding tha...
- Paytm Mall bags $200 million from SoftBankThe development also saw John Michael Evans of Alibaba also stepping down from the board of directors of the company, as per the regulatory...
- Paytm receives final tranche from $445 mn funding from SoftBank, AlibabaThe issuance of 211,293 shares to SB Investment Holdings and 26,412 shares to the Alibaba entity was approved by the Board of Paytm E-comme...
- SoftBank confirms sale of Flipkart stake to WalmartSoftBank, which invested close to $2.5 billion in Flipkart through its Vision Fund, is expected to make close to $4 billion on its investme...
- Paytm Mall raises Rs 3,000 crore from SoftBank, AlibabaWhen contacted, Paytm Mall COO Amit Sinha said the latest investment led by Softbank and Alibaba reaffirms the strength of the company's bu...
- One97 Comm appoints SoftBank's Kabir Misra as directorAs per the filing to the Corporate Affairs Ministry, Misra was appointed as an additional director in a resolution passed at the company's ...
- SoftBank in talks to lead $500 million round in Paytm MallIf the deal goes through, it will be yet another bet that Masayoshi Son will be taking on India’s fast-changing online retail market after ...
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