Softbank
Manufacturing
Ola Electric slashes sales targets, delays profit goal ahead of planned IPO
India's Ola Electric has slashed its sales goals for 2023-2025 by more than half and delayed its target of achieving ......
Infrastructure
B2B unicorn OfBusiness hits the road to raise funds in pre-IPO round
Business-to-business e-commerce unicorn OfBusiness is in early stages of discussion with multiple investors – both domestic and sovereign wealth funds ......
Manufacturing
Ola Electric's FY23 net loss almost doubles, revenue jumps but misses target
SoftBank-backed electric scooter maker Ola Electric posted a wider loss in the financial year through March 2023 but likely missed ......
TMT
After signing off from Paytm, Alibaba affiliate inks near 5x exit move in India
China’s Alibaba Group, which sold its stake in Paytm parent One97 Communications Ltd earlier this year after virtually writing off ......
Manufacturing
How Ola Electric's service network is feeling the strains of success
Bhavish Aggarwal, India's answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation ......
TMT
SoftBank-backed OfBusiness in talks with PE firms, SWFs for new funding round
Chasing a valuation of $6 billion, business-to-business (B2B) marketplace OfBusiness has approached sovereign wealth funds, private equity (PE) funds and ......
TMT
SoftBank-backed Unicommerce's FY23 revenue jumps over 50%, profit up 7.7%
Ecommerce enablement software platform Unicommerce reported a 52.5% jump in its revenue from operations for the financial year through March ......
Infrastructure
SoftBank logs another sub-par exit move in India
Japanese technology investment giant SoftBank, which has been on a harvest spree in India having divested shares of Paytm, FirstCry, ......
Infrastructure
SoftBank likely to sell partial stake in Delhivery: Report
SoftBank is likely to sell a stake worth $150 million in Indian logistics firm Delhivery, Moneycontrol reported on Thursday, citing ......
TMT
SoftBank-backed WeWork succumbs to bankruptcy
WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on ......
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