On April 28, 2017 12:52 (IST)
The deal will value Noida-based One97 at about $9 billion and provide a 20 per cent stake to SoftBank, the report said.
On April 24, 2017 21:34 (IST)
Snapdeal was valued at $6.5 billion in its last funding round in February 2016. The valuation, however, has shrunk since then and the potential deal could be struck at a discounted rate.
On April 19, 2017 10:39 (IST)
If the merger goes through, SoftBank Group, which is an existing investor in Grofers', will participate in a $60 million to $100 million funding round in the merged company, the report added.
On April 19, 2017 10:04 (IST)
The deal will see SoftBank buying some shares from existing Paytm investor SAIF Partners and founder Vijay Shekhar Sharma beside investing money in the company, the report said.
On April 14, 2017 10:57 (IST)
The Bengaluru-based firm was aggressively looking at raising funds to compete with Uber, the world's most valuable start-up.
On April 10, 2017 14:53 (IST)
SoftBank is closing in on an agreement to combine its e-commerce company Snapdeal with market leader Flipkart Online Services Pvt., creating a stronger domestic player to compete with the American behemoth, according to people familiar with the matter.
On April 10, 2017 13:48 (IST)
E-tailer Snapdeal has for weeks been at the centre of much takeover speculation, with its largest backer Japan's Softbank, seen as keen to sell the company to its larger rival, Tiger Global-backed Flipkart.
On April 09, 2017 21:08 (IST)
Snapdeal has for weeks been at the centre of much takeover speculation, with its largest backer Japan's Softbank, seen as keen to sell the company to its larger rival, Tiger Global-backed Flipkart.
On April 05, 2017 20:52 (IST)
Speculations are rife that the country's third-largest online shopping platform Snapdeal could be sold to larger rival and market leader Flipkart.
On April 05, 2017 15:04 (IST)
OYO customers can now pay for hotel bookings and also pre-book Ola cabs via Ola Money, a statement said.
On April 04, 2017 22:29 (IST)
SoftBank has strengthened its position on the board of the country's third largest online marketplace by appointing Lydia Bly Jett as additional director.
On April 04, 2017 20:02 (IST)
The company, which last year lost its second place in India's fiercely competitive online retail market to Amazon.com Inc, aims to become profitable in two years but faces falling cash reserves.
On March 24, 2017 08:33 (IST)
After burning through millions of dollars over three years in a battle for market share with local rival Ola, backed by Japan's Softbank, Uber has cut the incentives it gives to drivers and raised the fares it charges passengers.
On March 23, 2017 18:01 (IST)
"Snapdeal has been desperately looking to raise money in China for the last few months," said a source with direct knowledge of Snapdeal's plans.
On March 20, 2017 18:12 (IST)
Kabir has for many years been closely involved in managing Softbank's investment in Alibaba in China, the source said.
On March 08, 2017 17:10 (IST)
SoftBank, run by founder Masayoshi Son, bought ARM, Britain's most valuable technology company, for $32 billion last year.
On March 08, 2017 16:42 (IST)
Flipkart's latest fundraising comes amid intensifying competition in the e-commerce space from the likes of US internet giant Amazon.com Inc and domestic rival Snapdeal, which is backed by Japan's Softbank Group.
On February 27, 2017 22:23 (IST)
Delivering a keynote address at the Mobile World Congress here, Son said he expects one computer chip to have the equivalent of 10,000 IQ within this period.