SoftBank
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Vaishnavi Gupta Feb 13 2020 - 1 min readFirstcry has secured $296 million in Series E funding round from Japan-based marquee investor Softbank’s Vision Fund. This recent investment is the first tranche of the total $400 million funding that has been committed by Softbank. The additional $100 million is reserved by Softbank to be invested on the second anniversary of the transaction ...
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Vaishnavi Gupta Oct 30 2019 - 1 min readOYO Hotels and Homes has strengthened its footprint in Japan by launching its services in more than 100 hotels across 50 cities including Tokyo, Osaka and Kyoto. In April 2019, the hospitality firm’s hotel business in Japan, OYO Hotels Japan, had started operations through a joint venture with the SoftBank Group. OYO has roped in ...
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Franchise India Bureau Jul 03 2019 - 1 min readOla Electric Mobility, the electric vehicle arm of the ride-hailing firm, has secured $250 million in a Series B funding round from Masayoshi Son’s SoftBank. The latest funding has made the company a “unicorn”, or a start-up valued at over $1 billion, joining the growing list of unicorns in India including Zomato, Paytm and parent ...
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Franchise India Bureau Apr 06 2019 - 1 min readHospitality firm OYO has formed a joint venture with Tokyo-based SoftBank Corp and SoftBank Vision Fund for commencing its hotel operations in Japan. The joint venture, named as OYO Hotels Japan GK, will be headed by Prasun Choudhary as the operating partner. Ken Miyauchi, President and CEO, SoftBank Corp, said, "We are delighted to deliver ...
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Franchise India Bureau Oct 25 2018 - 1 min readJapanese investment powerhouse SoftBank is exploring a $200 million investment in Pune-based baby and mother care portal FirstCry. If the deal goes through, it will value FirstCry at about $800-900 million, a nearly 100% increase from its current valuation of $350 million. FirstCry retails baby care products both online and offline. A person aware of ...