Softbank

Softbank, Tencent invest in Indian online used car platform Cars24 Services – report

Cars24 plans to use the fresh capital to deepen its presence in the United Arab Emirates and Australian markets, where it has made recent forays, and build its cars, bikes and financing business in India while investing in technology.

Temasek, SoftBank invest in India EdTech unicorn Unacademy’s Series H funding round

The latest fundraise takes the valuation of Unacademy Group to $3.44 billion.

Softbank Logo Wikimedia Commons

Japanese conglomerate SoftBank Group seeks to raise at least $525M for SPAC in the US

SoftBank Group, Japan’s second largest publicly traded company, filed in the United States to secure up to $604 million for a special purpose acquisition company (SPAC), a shell company established to merge with an operating company to enable the latter to become publicly listed without undergoing the lengthy traditional IPO process.