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Thursday, April 30, 2026
TopicSoftbank

Topic: Softbank

‘Look what happened to OYO’—former SoftBank CFO warns against the money trap

Author of The Money Trap, Alok Sama, said that 'having too much money isn’t a good thing.' He pointed to OYO Rooms as a classic case study.

SoftBank sells 1.17% stake valued at Rs 940 crore in Zomato

SoftBank, an investor in Blinkit, got Zomato shares as a part of the Indian food delivery firm's acquisition of quick grocery-delivery startup last year.

Japan’s SoftBank likely to sell shares in food delivery app Zomato, reports CNBC-TV18

Zomato, which acquired the quick grocery-delivery startup Blinkit for $538.05 million last year, had issued a 3.55% stake to investor Softbank as part of the deal.

SoftBank Vision Fund’s Munish Varma resigns from Paytm board

Varma resigned on 14 March due to 'personal commitments and other pre-occupations,' Paytm said. Varma also quit from the board of PB Fintech the same day.

India’s used car website Cars24 raises $450 mn from SoftBank, Tencent, others

The round values Cars24 at $1.84 billion, almost doubling from the end of last year. It’s starting conversations about an IPO and aims to go public in 18 to 24 months.

Microsoft invests $5 million in Oyo to develop AI-driven hotel technologies

Oyo carries a valuation of $9.6 billion after Microsoft's investment, third in the country behind Byju’s and Paytm. The startup is due to file IPO documents in the coming weeks.

Cars24 to raise $350 mn from SoftBank, others, aims for IPO

The fundraising would value India’s biggest online marketplace for used automobiles at close to $2 billion. It plans to go public in 18 to 24 months.

Mindtickle, funded by Softbank, is the latest unicorn in India’s fast growing tech industry

Mindtickle, based in Pune and San Francisco, hit a valuation of $1.2 billion. It provides what it calls sales readiness technology that companies can customise with their own content and data.

Lenskart raises $220 million as India’s tech industry mints more unicorns than ever before

Valued at $2.5 billion, according to founder Peyush Bansal, Lenskart plans to use the capital to expand online sales and add brick-and-mortar stores in India, Southeast Asia and the Middle East.

‘Absolutely untrue’ – Oyo’s Ritesh Agarwarl denies bankruptcy claim after Rs 16 lakh claim

Oyo, one of the larger startups in the SoftBank Group’s portfolio, was struggling to restructure and whittle down loss-making operations even before the pandemic obliterated travel.

On Camera

New promo video by PLA Navy is a teaser of China’s deep blue capabilities

Rather than functioning as conventional propaganda, the video operates as a device for interpretation, subtly shaping expectations about future developments in China’s naval trajectory.

Adani’s giant copper plant hits technical setbacks in first year

The 500,000 tonne-per-year plant produced just 94,000 tonnes of refined copper from April 2025 to February this year.

Indian drone tech company ideaForge signs MoU with Japanese firm to develop next-gen AI powered drones

By pairing Indian drone engineering with Japanese semiconductor expertise, the two firms aim to develop more advanced autonomous systems tailored to both defence & commercial use.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.