SoftBank CEO defends Vision Fund chief Rajeev Misra, after losses, controversy
The Vision Fund lost almost $18 billion in the fiscal year ended March 31, as it wrote down the value of investments in WeWork and Uber Technologies Inc., among others.
SoftBank to expand Vision Fund cuts to as many as 80 workers
SoftBank’s businesses were battered early this year with the coronavirus outbrea...
New woes for SoftBank's Son: Wirecard may go the WeWork way
As Wirecard drama unfolds, it may well turn into this year's WeWork, another PR d...
SoftBank hands new roles to two Vision Fund managing partners
The executive reshuffle signals a heightened focus on SoftBank’s senior ranks in a period of turbulence for the Japanese conglomerate.
Inside the baffling world of Masayoshi Son's presentations
Son is closely involved in making the slides. He has a team of about a half a dozen up-and-coming SoftBank employees in their late 20s and early 30s responsible for drafting the presentations.
SoftBank’s Vision Fund is planning to cut 10% of staff
The Vision Fund has struggled since WeWork botched its efforts to go public last year and SoftBank stepped in to bail the company out.
SoftBank doubles Vision Fund chief, Rajeev Misra's, pay despite record loss
The pay hike for Rajeev Misra comes at a time when the Vision Fund is planning deep cuts in staffing.
Zomato delivery partners protest 'China Funding'
The videos of these protests, which show a group of purportedly Zomato employees burning the company uniform, first surfaced on Twitter.
Zetwerk bags Rs 160 crore funding led by Greenoaks Capital
The latest funding comes just six months after Zetwerk raised $32 million which was co-led by Lightspeed and Greenoaks Capital, and brings the total funding raised by the two-year-old company to around Rs 450 crore (or $62 million).
Flinto raises $7.2 million in pre-series B funding
Flintobox is the company's flagship product - it is a subscription service of toys and material that help children learn.
Bankers keep Vision Fund going with rubber bands
A likely scenario is that the Vision Fund will once again find bankers willing enough to front the required money, but one would expect (hope) they’d ask for some collateral to back it up and charge a hefty enough interest rate to make it worthwhile in these unstable times.
Forbidden Foods raises seed funding; to compete with PepsiCo, ITC
The seed funding round was led by curated crowd-funding platform and early stage venture fund Globevestor, and Secocha Ventures, a statement by Forbidden Foods said.
SoftBank Vision Fund posts record $17.7 billion loss on Oyo, WeWork and Uber
SoftBank lost $17.7 billion last fiscal year after writing down the value of investments.
WeWork co-founder Adam Neumann sues SoftBank over failed $3 billion tender offer
In April, SoftBank said it would not press ahead with the tender offer because several pre-conditions had not been met, frustrating WeWork's minority shareholders, who were expecting a payout. The investors included Adam Neumann.
Startup funding deals in H1 2020 down 31% at 272
Venture capital investors feel that given the double whammy of Covid-19 and blocking of investments from China, things will get worse in the next two quarters.
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