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Tag: Softbank

Amazon, SoftBank held talks over Russian online retailer Ozon, shareholder says, Retail News, ET Retail

Global retail giant Amazon and Japanese SoftBank have made approaches to Russian conglomerate Sistema about a possible acquisition of its online retailer Ozon, Sistema’s majority owner Vladimir Evtushenkov said on Saturday. It’s not immediately clear if talks are still under way or have ended. Sistema has said it was looking for partners to invest in …

Amazon, SoftBank held talks over Russian online retailer Ozon, shareholder says, Retail News, ET RetailRead More

SoftBank probes smear campaign against Nikesh Arora, Retail News, ET Retail

SoftBank, one of the world’s most dominant technology investors, has set up a special committee to probe a smear campaign against the Japanese conglomerate and a former executive. The committee, comprising directors on the board of the group, will examine the allegations, including those against former SoftBank president Nikesh Arora, according to a statement by …

SoftBank probes smear campaign against Nikesh Arora, Retail News, ET RetailRead More

SoftBank-backed Brandless to lay off staff, shutter operations

Online retailer Brandless will lay off 70 people, or almost 90% of its staff, as it prepares to shut down business operations, the company confirmed to CNBC. The company is only retaining 10 employees to complete remaining orders. Brandless is the first startup backed by SoftBank Vision Fund to fail. The $100 billion megafund has …

SoftBank-backed Brandless to lay off staff, shutter operationsRead More

SoftBank-backed Zume cuts 360 jobs, closes pizza delivery business

As for his relationship with SoftBank, Garden says, “It’s incorrect that there was any acrimony. We are in constant discussion with them in a constructive way.” He says that SoftBank, and Zume’s other investors, are aligned with the changes being made today. Garden says that when he was first introduced to Masayoshi Son, SoftBank CEO …

SoftBank-backed Zume cuts 360 jobs, closes pizza delivery businessRead More

SoftBank closes $231 million investment in Lenskart, Retail News, ET Retail

NEW DELHI: SoftBank has invested about $231 million (Rs 1,645 crore) in Lenskart Solutions after months of negotiations with the eyewear solutions company. The Japanese group will back the Faridabad-based company, now valued at $1.5 billion from its second Vision Fund The financing round was first reported by ET in its edition dated May 27. …

SoftBank closes $231 million investment in Lenskart, Retail News, ET RetailRead More

T Rowe leads $1bn infusion in Paytm, Retail News, ET Retail

Digbijay Mishra | TNN Bengaluru: Paytm has raised $1 billion in a new financing round, led by US-based asset management firm T Rowe Price, cementing its position as the most valued startup in India at $16 billion. T Rowe Price, along with Discovery Capital and D1 Capital, has put about $400 million (Rs 2,871 crore) …

T Rowe leads $1bn infusion in Paytm, Retail News, ET RetailRead More

Snapdeal in talks for $100m at valuation of $800m-1.2bn, Retail News, ET Retail

Madhav Chanchani | TNN Bengaluru: Snapdeal is in talks to raise about $100 million from new and existing investors, including Japan’s SoftBank, in what will be its first major fresh capital-raise in over three years, said two sources briefed on the matter. The Delhi-based company, which went through a pivot to focus on smaller towns …

Snapdeal in talks for $100m at valuation of $800m-1.2bn, Retail News, ET RetailRead More

CEO, Retail News, ET Retail

Madhav Chanchani | TNN Bengaluru: India’s most valued startup at over $10 billion, Paytm, has begun talking of improving margins as loss-making private internet companies across the world come under pressure after office-sharing startup WeWork’s failed public offering. Paytm CEO Vijay Shekhar Sharma told TOI in an interview that the company will bring down its …

CEO, Retail News, ET RetailRead More