Teachers being the unsung hero during a pandemic, education space became more prominent during this time and became the catalyst of change. Last year, 4,440 ed-tech platforms raised funding of more than $1.1 billion, which is four times more than what was raised in four years previously.
WeWork’s Adam Neumann arguably got what he deserved when he lost his golden parachute. SoftBank pulling out of the $3 billion tender offer for WeWork doesn’t hurt the company as much as it hurts founder Neumann and the ones close to him.
Oyo’s business model is filled with gaping voids just like WeWork, which turned out to be a spectacular bust and an embarrassing setback for Softbank when the market rejected its IPO valuation
Paytm has raised the latest equity fundraise from a group of investors including existing shareholders like Ant Financial, Softbank Vision Fund and new investors including funds and accounts advised by T Rowe Price Associates Inc
The e-commerce player Snapdeal is reportedly in talks with investors to raise $100 million, this fund raising comes nearly after 3 years.
Japanese telecommunications giant SoftBank is taking control of WeWork, and it is giving WeWork founder Adam Neumann the equivalent of approx $1.7 billion to sever most of his ties with the startup, according to The Wall Street Journal.
Paytm, backed by global internet giants Alibaba and SoftBank, also has plans to start content, news, short videos, and live television on its app by September this year.
Recently Bengaluru-based social commerce platform Meesho raised funds from social media giant Facebook. Now the company is in discussions to raise $150-200 million, as per Livemint reports.
A potential investment by SoftBank (Japanese multinational conglomerate) into the financial services arm of the Piramal Group will likely depend on the Indian company’s preparedness to aggressively move into the consumer finance segment,
Oyo founder, Ritesh Agarwal is in the midst of buying back shares from early investors Sequoia Capital and Lightspeed Venture Partners to bulk up his ownership, said three people familiar with the matter.