Vision Fund
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SoftBank Group to invest $450 million in logistics company Delhivery; Gurugram-based firm to be valued at $1 billion
Fp Staff •SoftBank's Vision Fund will invest around $350 million in Delhivery initially
Softbank's CEO Masayoshi Son cancels speach at Saudi Arabia conference: Report
•Softbank's Son’s speech cancellation comes as pressure mounts on Riyadh over Khashoggi.
Oyo enters long-term housing rental segment, rolls out services in Noida, Gurgaon, Bengaluru, and Pune
Fp Staff •Oyo Living has onboarded about 36 properties with 2,000 beds, and the plan is to scale it to about 50,000 beds in the next one year
Japan's SoftBank Group to invest up to $100 billion in solar power projects in India, says report
•SoftBank Group Corp has decided to invest $60 billion-$100 billion in solar power generation in India, Japanese public broadcaster NHK reported on Friday
Softbank is selling off its 20% stake in Flipkart to Walmart, making its first public divestment
•It also did not comment on its reasons for cashing out. The Flipkart exit comes far more quickly than SoftBank’s average investment duration of 13.5 years.
Softbank CEO Masayoshi Son confirms deal to sell Flipkart stake to US retail giant Walmart
•SoftBank Group CEO Masayoshi Son said Wednesday it has reached an agreement to sell its stake in Indian e-commerce company Flipkart to Walmart
Flipkart-Walmart deal: Co-founder Sachin Bansal to offload his 5.5% stake in firm after US retail giant's investment
Fp Staff •There have been reports about Sachin exiting Flipkart after the Walmart deal is sealed.
Walmart-Flipkart: Alphabet, US retail giant likely to buy up to 75% stake; deal to be announced before end of week
•Sources said that Flipkart Group Chief Executive Binny Bansal held a closed-door meeting with the firm’s top leadership at its Bengaluru headquarters on Monday, and one added that Bansal said that Flipkart co-founder Sachin Bansal would exit after the Walmart deal is sealed.
Walmart could seal Flipkart deal by end June to mark US retail giant’s biggest acquisition of an online business
•Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the US retail giant’s biggest acquisition of an online business
Slack valuation boosted to $5.1 billion after raising $250 million from Softbank and other investors
•The fund provides resources which will help Slack to run as a cash-generating company and the raise will reduce its dependence on outside financing.