Swiggy, the Indian food delivery giant, is making waves with its recent announcement to launch an Initial Public Offering (IPO) on November 6. This ambitious move, estimated to raise Rs 12,000 crore, includes a Rs 3,750 crore fresh issue and a sizeable offer for sale (OFS) by existing investors, positioning Swiggy as a formidable player […]
Chrysalis Investments Limited (Chrysalis) has confirmed the sale of its stake in Graphcore to SoftBank Group Corp., a strategic move that significantly boosts its liquidity and underscores the value of its investment decisions. Chrysalis’s disposal of Graphcore, which was flagged as a “likely disposal” back in December 2023, has culminated successfully with expected cash proceeds […]
SoftBank Corp. and Cubic Telecom, a global leader in software-defined connected vehicle solutions, announced a definitive agreement wherein SoftBank will invest approximately 473 million EUR for a 51% stake in Cubic Telecom. This investment values Cubic Telecom at over 900 million EUR and establishes a strategic global partnership to innovate in connected vehicles and high-value […]
Lenskart, an Indian prescription eyewear retail chain, has reportedly acquired a majority stake in Owndays, a Japanese direct-to-customer (D2C) eyewear brand, for $400m. The deal is expected to create one of the top online eyewear retailers in Asia. It will help Lenskart grow its footprint in Asia to 13 markets. Lenskart is backed by investors […]
Indian e-commerce giant Flipkart has raised $3.6 billion from a new funding round to take its valuation to $37.6 billion. The new funding round of Flipkart was led by Singaporean sovereign fund – GIC, SoftBank Vision Fund 2, Canada Pension Plan Investment Board (CPP Investments), and retail giant Walmart. Sovereign funds DisruptAD, Khazanah Nasional Berhad, […]
British supermarket chain Morrison Supermarkets (Morrisons) has accepted a takeover bid of £6.3 billion ($8.7 billion) from a group led by Fortress Investment Group, a subsidiary of Japan’s SoftBank Group. Joining Fortress Investment in the proposal are Canada Pension Plan Investment Board and Koch Real Estate Investments. Shareholders of Morrisons will be offered 254 pence […]
AlphaCredit, a Latin American fintech company, has raised $125 million in a Series B equity financing round led by the Latin America Fund of Japan’s SoftBank. The Latin American-focused fintech company, through its AXS Access, Check!, Alcanza Capital and Bontu, AlphaCredit platforms, serves small and medium enterprises (SMEs) in Mexico and Colombia with consumer lending […]