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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Masayoshi Son seems reluctant to invest in the country amid an unfavorable investment environment and pricey startup valuations. Separately, no end in sight for ShareChat’s troubles.
SoftBank did not make any fresh investments in India in 2023. It is unclear if the fund participated in any follow-on investments in portfolio companies. According to data from Tracxn, the fund has been completely absent from India in this entire year.
Not too long ago, the investment giant founded by Masayoshi Son was totally sold on the India opportunity. So much so that SoftBank cut some of the biggest, absolutely unheard-of cheque sizes in commitment to Indian startups. OYO, Paytm, Ola, FirstCry and Policybazaar were some of the big-ticket investments by SoftBank’s Vision Fund 1. Meesho, Whatfix, InMobi, Juspay, …
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
Its acquisition of Kirana Club signals an attempt to find a new growth engine, but grocery retail has been a challenge for even well-funded players.
