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Project Loon head Alastair Westgarth said in a blog post that Project Loon is \still an experimental technology and were not quite sure how well it will work,\ though it has been tested since last year in Peru following flooding there.Technology
SoftBank, Alphabet to put cellphone antennas in the sky

Loon carries the gear with a large balloon, while HAPSMobile uses a large drone.

25 April 2019 9:43 AM IST

SoftBank wrote off 39.28 billion yen in the value of shares in its Indian investmentsBusiness
Softbank investing in Jio as Mukesh Ambani deleverages business

Softbank is reportedly looking to make a USD 2-3 billion investment in India's fastest-growing telecom firm RJio.

24 April 2019 8:51 AM IST

TikTok has more than 500 million users worldwide, a large number of whom are children.Business
TikTok's parent ByteDance plans USD 1 bn investment in India in next 3...

The company would also be increasing the number of employees in India to 1,000 people by the end of this year.

19 April 2019 4:05 PM IST

Ubers competitors and businesses in the gig economy will also be considering what this means for them. (Photo: AP)Business
Uber wins USD 1 billion investment from Toyota, SoftBank fund

Toyota has already invested USD 500 million in Uber as the firm races Google-owned Waymo.

19 April 2019 9:48 AM IST

Once activated, the in-app SOS button generates a trigger alert to OYOs Safety Response Team with the guest, booking, location and emergency contact details.Business
OYO forms JV with Softbank to launch hotel operations in Japan

OYO Hotels Japan offers various values for owners such as dynamic pricing and reservation systems.

4 April 2019 1:17 PM IST

Grofers works closely with 4,000-5,000 small merchants who help the company fulfill its orders.Business
Grofers raises USD 200 mn led by SoftBank Vision Fund for market...

This represents the largest primary financing round in the online grocery sector in India, Grofers said in a statement.

15 May 2019 6:14 PM IST

SoftBank wrote off 39.28 billion yen in the value of shares in its Indian investmentsBusiness
US clears SoftBank's USD 2.25 billion investment in GM-backed Cruise

The approval unlocks a seat for SoftBank on Cruise's board, formalising its oversight, and cements key financing for...

6 July 2019 11:39 AM IST

Paytm has revamped its app to make it even more user friendly and intuitive.Business
Paytm to invest Rs 750 cr to reach 250 million monthly active users by...

Paytm currently has a monthly active user base of around 140 million.

16 Aug 2019 10:24 AM IST

The Competition Commission has found a prima facie case for investigation against MakeMyTrip-Go and Oyo for alleged violation of the Competition Act, 2002.Business
Tax officials conduct surprise search at SoftBank-backed Oyo

In November, internal projections showed Oyo's India business will likely make losses until 2021.

11 Jan 2020 11:03 AM IST

SoftbankBusiness
SoftBank in talks to sell stake in Indian renewable energy venture:...

SoftBank is facing renewed investor scrutiny after it was forced to bail out one of its best known portfolio companies.

9 Jan 2020 12:32 PM IST

Startup community stares at fund crunch in absence of venture capital, reinvents businesses to survive economic slowdown. (AFP Photo)Business
Start-ups get creative as coronavirus crisis fuels funding crunch,...

A group of the top venture firms warned startups this month that it will be very difficult to raise financing anytime...

11 May 2020 3:01 PM IST

Vietnam-based startups made up 18 percentor $741 millionof the capital invested in Southeast Asia in 2019, up from four percent in 2018, according to a report by Cento Ventures.Technology
Vietnam's huge pool of software engineers makes Ho Chi Minh City a...

Vietnamese e-commerce and e-payment companies have been flooded with private equity in the past couple of years.

12 July 2020 8:48 PM IST

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