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Latest Articles in softbank

Unicorn FirstCry Raises $58mn From Indian Family Offices

The transaction saw SoftBank, which held a 29 per cent stake in FirstCry, dilute its holding by about 1-2 per cent

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Softbank Sells Another 2% Stake In Paytm

SoftBank Group Corp announced in May 2022 that Paytm's poor performance in the public markets had resulted in a USD 600 million loss to its Vision Fund I portfolio for the fiscal year ended March 31, 2022

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SoftBank Likely To Sell Stake In Zomato, Paytm: Report

Paytm and Zomato's shares have been rising since the beginning of this month, owing to better market sentiment about them as a result of both startups exceeding their EBITDA profitability targets

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SoftBank Likely To Conduct Another Round Of Layoffs At Vision Fund: Report

If executed, this would follow the September layoff of approximately 150 jobs internationally at the investing arm and SoftBank Group International

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SoftBank Invests $3.14b In FY23, Posts Record Loss Of $32b

Paytm's parent business, One 97 Communications, Delhivery, PolicyBazaar's parent company, PB Fintech, and Zomato are among the fund's publicly traded holdings in India

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SoftBank-backed FirstCry's Rollup Arm Globalbees Signs Pact To Sell Overseas Brands In India

In addition to selling these companies online, Globalbees is developing offline boutiques named Frootal to market these overseas goods

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SoftBank’s Bets In Startup Hit A Record Low, Tightens Funding

The firm once participated in USD 30 billion worth of financing rounds in more than 90 startups in a single quarter and participated in just eight investment rounds totaling USD 2.1 billion in the three months ending in December

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OfBusiness Plans Second Fundraise At $8-9 Bn

SoftBank-backed OfBusiness aims for second fundraising at $8-9 billion. It also gives a chance for existing investors to exit

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CEO Of SoftBank Increases Its Hold, Owns 34% Stake

Masayoshi Son CEO of SoftBank increases its control over the company. He now owns 34 per cent of the total shares

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Softbank Plans To Sell 5% Stake In PB Fintech

Softbank a Japanese firm plans to sell, 5 per cent of shares in PB FIntech the parent company of Policy Bazaar

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