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Tiger Global makes first seed stage investment in India
... e-commerce enablement platform. Data sourced exclusively by Business Today from Tracxn shows that Tiger , which is known for writing big cheques for firms globally, invested in 7 seed stage startups in India over eight rounds. According to Tracxn data, SoftBank invested in only one seed stage startup in India. The total funding for seed stage rounds by both the investment majors is over $10 million. Tiger Global has backing 64 such companies in other early stage fund-raises in Indian startups. SoftBank ...
Updated: 05/13/2022
163% of Delhivery IPO subscription
... company Delhivery . According to the BSE data, the IPO received bids for 10,16, 82,330 shares against 6,25, 41,023 shares on offer. The OFS will divest their shareholding in the logistics company, as well as the co-founders of Carlyle Group and SoftBank. The price range for the offer is Rs 462 -- 487 per share. Proceeds of the new issue will be used to fund organic growth initiatives, funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes....
Updated: 05/13/2022
Delhi's IPO crosses 75 pc subscription threshold
... basis, the market cap will be Rs 35,284 crore. The company is looking to raise Rs 4,000 crore of fresh capital through the IPO. The remaining 1,235 crore will be an offer for the sale of OFS investors, which include private equity firms Carlyle and Softbank .
Updated: 05/13/2022
Sorare welcomes Major League Baseball to fans worldwide
... have led to huge success with its fantasy soccer NFT game. It has partnered with over 180 football clubs, including famous clubs like Liverpool FC, German Football club Bundesliga and Real Madrid. They raised $680 million a year ago in a deal with Softbank and welcomed the world's number one tennis player, Serena Williams , as an advisor to the Board of Directors . Sorare celebrated the announcement on the official Sorare blog by saying, The connection between baseball and Americans is enduring....
Updated: 05/13/2022
SoftBank's $20 billion loss sends shares surge
A $20 billion loss in SoftBank Group Corp's Vision Fund business was enough to send shares surge, according to a report by Bloomberg- Masayoshi Son.kan. A $20 billion loss in SoftBank Group Corp. 's Vision Fund business was enough to send shares surge, according to a report ...
Updated: 05/13/2022
Delhivery IPO subscribed to 23 per cent on second day
... initial share sale of Delhivery was subscribed to 23 per cent on the second day of the offer on Thursday. According to NSE data, the IPO received 1,45, 01,730 shares against 6,25, 41,023 shares on offer. The OFS will give investors Carlyle Group and SoftBank , as well as Delhivery 's co-founders their shareholding in the logistics company. The price range for the offer is Rs 462 -- 487 per share. Proceeds of the fresh issue will be used to fund organic growth initiatives, funding inorganic growth ...
Updated: 05/12/2022
SoftBank scaling down investments in India this fiscal
It could turn out to be a not as great a year for India's leading tech start-ups as Japanese investment giant SoftBank, which minted many unicorns last year, decided to scale down its investments in FY 23 and for the next fiscal as well. It could turn out to be a not as great a year for India's leading tech start-ups as Japanese investment giant SoftBank ,...
Updated: 05/12/2022
SoftBank Group posts $13 billion net loss in fiscal 2021
TOKYO Kyodo SoftBank Group Corp. posted a net loss of 1.71 trillion yen $13 billion in the year ended March on investment losses after logging the highest profit for a Japanese company the previous year. TOKYO Kyodo SoftBank Group Corp. posted a net loss of 1....
Updated: 05/12/2022
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