Japanese telecom giant SoftBank today said its investee companies in India – Snapdeal, Oyo Rooms, Ola and Hike – saw good traction even though its own profits dropped 27 percent for the fiscal ended March. SoftBank’s sales for 2015-16 totalled 9.15 trillion yen ($84 billion), up nearly 8 percent from the previous financial year. Chief […]
Japanese telecom and media group SoftBank will “seriously” accelerate its investments in India, Chief Executive Masayoshi Son told a start-up conference in New Delhi on Saturday. Softbank had previously said it would invest $10 billion in India over 10 years. “The time has come that the Indian economy will be big enough going forward. Mobile […]
Uber co-founder and CEO Travis Kalanick will be in Mumbai next week to address students of IIT-Bombay and share his own success story. Kalanick, on his maiden trip to India, is among other top executives who will be in town to take part in the government’s Start-up India event scheduled for January 16. He will […]
New Delhi: Investment firm SoftBank’s founder Masayoshi Son, taxi-hailing service Uber’s founder Travis Kalanick and collaborative workspace provider WeWork’s founder Adam Neumann will attend the government’s Start-up India event next week, where Prime Minister Narendra Modi will unveil an action plan to assist early-stage companies. The event will be attended by around 40 innovators, venture […]
Uber’s hard core rival Lyft is seeking an additional cherry on top funding of $500 million, over and above $1 billion it raised in a round led by Alphabet’s venture arm CapitalG last month. This has raised the bar of its valuation to $11.5 billion in comparison to previous $7.5 billion. The funding is not […]
Indian ride-hailing firm Ola said it has tied up with Microsoft to build a connected-car platform and will use the U.S tech giant’s Azure cloud-computing service to power its in-car entertainment offering. Microsoft is separately also in talks over a potential investment in Ola, a source told Reuters, declining to be named as the discussions […]