softbank

Paytm E-commerce has changed its name to Pai Platforms and has acquired Bitsila, a seller platform on ONDC, gaining share in the online retail business. According to sources aware of the development, the company had applied for a name change around three months ago and got the approval from the Registrar of Companies on February 8. "... The name of the company has been changed from Paytm E-Commerce Private Limited to Pai Platforms Private Limited with effect from the date of this certificate... The company was originally…

For years, SoftBank Group splashed out billions on startups at near-peak valuations without batting an eye. Now founder Masayoshi Son's tech powerhouse is relying on a new weapon as it searches for the next big thing in AI: caution.The strategy marks a vast turnaround for a company that completely transformed the world of tech investing with its high-conviction bets on startups at an unheard of scale.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in…

Not so long ago, things were looking bleak for SoftBank, the investment holding company headed by eclectic — and controversial — tech mogul Masayoshi Son. The Vision Fund, SoftBank’s venture arm, posted a $6.2 billion loss in Q2 2023, tied to WeWork and other unfortunate bets. But — thanks in no small part to chip © 2024 TechCrunch. All rights reserved. For personal use only. Not so long ago, things were looking bleak for SoftBank, the investment holding company headed by eclectic — and…

Manipal group head Ranjan Pai will soon become the largest shareholder in Aakash Institute—one of the few remaining valuable assets of troubled edtech Byju’s. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Rario NFT product shut, users cry foul■ MeitY’s 10-year roadmap■ SoftBank pares stake in PaytmPai in the sky: Ranjan to own 40% of Aakash Ranjan Pai, chief of the Manipal group, is set to be the largest shareholder in Byju’s-owned Aakash Institute. Let’s get you all the details here.…

Japanese technology investor SoftBank has sold another 2% stake in digital payments company Paytm. This and more in today’s ETtech Top 5.Also in this letter:■ Explained: Consumer startups and platform fee■ Groww stops US stock trading services■ Nazara to acquire Comic Con India SoftBank offloads another 2% stake in Paytm SoftBank CEO Masayoshi SonSoftBank has offloaded another 2% stake in digital payments firm Paytm, the latest in a series of divestments in Indian startups.Tell me more: SVF Holdings…

Japanese technology investor, SoftBank, has offloaded another 2% stake in Noida-headquartered digital payments major Paytm in a series of open market transactions over the last month. A SoftBank entity, SVF Holdings (Cayman) Ltd has sold a total of 12.7 million equity shares, between December 19, 2023 and January 24, this year, the company informed the exchanges. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine…

TravelPerk, a business travel management platform targeted at SMEs, has raised $105 million in a fresh equity-based round of financing led by SoftBank’s Vision Fund 2. Existing investors including Kinnevik and Felix Capital also participated in the round. The funding gives TravelPerk a valuation of $1.4 billion, just a fraction over the $1.3 billion valuation the company revealed two years ago when it kicked of its Series D round — and that marginal increase seems to be a post-money valuation, meaning the valuation…

OpenAI Chief Executive Officer Sam Altman, who has been working to raise billions of dollars from global investors for a chip venture, aims to use the funds to set up a network of factories to manufacture semiconductors, according to several people with knowledge of the plans.Altman has had conversations with several large potential investors in the hopes of raising the vast sums needed for chip fabrication plants, or fabs, as they’re known colloquially, said the people, who requested anonymity because the conversations…

When he left Morgan Stanley to join SoftBank Group in Tokyo in 2015, Alex Clavel had little in common with the swashbuckling dealmakers who surrounded CEO Masayoshi Son. After years of executive departures and soured bets, including a $16 billion investment in co-working space firm WeWork, the 49-year-old former tech investment banker is Son's top lieutenant leading SoftBank's attempt at a turnaround.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post…

Gurugram-based ecommerce SaaS firm Unicommerce Esolutions Ltd has filed a draft red herring prospectus (DRHP) for its initial public offering (IPO). Through the offering, its shareholders – AceVector Group, B2 Capital and SoftBank – are together offloading 29.8 million shares.Unicommerce Esolutions is not raising any fresh capital through the IPO.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIndian School of BusinessISB Digital…