Softbank Group Stock News

Topsort, a San Francisco, CA-based auction-based advertising infrastructure startup, raised $8m in seed funding. Backers included Pear Ventures, Quiet Capital, FJLabs, Micky Malka (Ribbit Capital), Lydia Jett (Softbank), Akhil Paul, Comma VC and various other individual investors. This seed funding round valued Topsort at $110m. The company intends to use the funds to accelerate growth […] The post Topsort Raises $8M in Seed Funding appeared first on FinSMEs .

TOKYO: Tokyo stocks opened higher on Wednesday after three days of losses, amid continued uncertainty over Russia’s invasion of Ukraine and ahead of key events and data due this week. The benchmark Nikkei 225 index was up 0.41 percent or 101.80 points at 24,892.75 in early trade, while the broader Topix index was up 0.38 percent or 6.65 points at 1,766.51. After losses for US and European stocks, “wait-and-see attitudes will likely grow” ahead of an EU summit and an ECB policy meeting on Thursday with continued uncertainty over the Ukraine crisis, Okasan Online Securities said in a note. EU leaders meeting Thursday in France will call for a phase out of the continent’s dependency on Russia for energy, falling short of calls, notably by Kyiv and Washington, for a cleaner break from Moscow as a supplier. The 27 leaders of the European Union are due to meet over two days in Versailles and in a draft of a declaration seen by AFP will agree “to phase out our dependency on Russian gas, oil and coal imports”.

An auditor has questioned SoftBank''s bookkeeping at the French unit that designed its Pepper robot, documents show, casting doubt on the Japanese firm''s treatment of a subsidiary it is now trying to sell as the venture has floundered.

TOKYO: An auditor has questioned SoftBank''s bookkeeping at the French unit that designed its Pepper robot, documents show, casting doubt on the Japanese firm''s treatment of a subsidiary it is now trying to sell as the venture has floundered. The French auditor, in a report seen by Reuters, expresses doubt

File photo: A pedestrian walks past an electronic board displaying share prices on the Tokyo Stock Exchange in Tokyo on November 4, 2020. Behrouz MEHRI / AFP Tokyo stocks slumped Tuesday as surging oil prices and the Russia-Ukraine crisis continued to drag down global markets. The benchmark Nikkei 225 index dropped 1.71 percent, or 430.46 points, to 24,790.95, while the broader Topix index gave up 1.90 percent, or 34.17 points, to 1,759.86. The dollar fetched 115.52 yen, up from 115.27 yen in New York Monday. The Tokyo market opened in negative territory, tracking falls on Wall Street, although bargain-hunters temporarily lifted the Nikkei above water by mid-morning. But Russia’s intensifying assault on Ukraine continued to weigh on the market, with many investors already jittery about taking risks as they braced for possible further losses on Wall Street later in the day. “Particularly in the afternoon session, investors increased their wariness about rising oil prices, and the Nikkei again extended its losses,” Okasan Online Securities said. “Near the closing bell, the index was hovering near the intra-day low,” the brokerage added.

The SoftBank- and Prosus-backed firm, which has been planning a $1-billion IPO for some time, will soon join rival Zomato and other new-age companies such as Paytm and Nykaa on the bourses.

Modern banking tech company Zeta has raised $30 million as a part of strategic investment from Mastercard and other investors, taking the company’s valuation to $1.5 billion. This is a continuation of the SoftBank led $240 million funding round that Zeta raised in May last year. The round valued the company at $1.45 billion, marking its entry into India’s unicorn club. Mastercard’s investment in the Mumbai-based Zeta is a part of a strategic five-year partnership in which both companies will offer their credit management offerings and card-processing product stack. Continue reading Zeta raises $30 Mn from Mastercard at $1.5 Bn at Entrackr.

SB Energy Global LLC, the U.S. renewables platform for SoftBank Group, said Monday that Ares Management Corp. is leading an equity investment in the business of up to $600 million. The investment will include commitments from co-investors. Ares Management said it will tap capital from its Infrastructure and Power strategy. SoftBank Group International CEO Michel Combes is leading the deal, along with SB Energy co-CEO Rich Hossfeld, Andrew Pike, partner and co-head of Ares Infrastructure and Power and Mike Roth, partner in Ares Infrastructure and Power. SB Energy launched in the U.S. market in 2019. It plans to have 10 gigawatts of renewable energy and storage in operation or under construction by the end of 2025. Shares of Ares Management are down 8.1% so far in 2022, compared to a dip of 9.2% by the S&P 500. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Facebook parent Meta Platforms Inc (NASDAQ: FB ) and SoftBank Group Corp''s (OTC: SFTBY ) (OTC: SFTBF ) Vision Fund 2 backed Indian startup, Meesho, looks to go public in early 2023, Reuters reports . The Bengaluru-based social commerce platform is rooting … Full story available on Benzinga.com

The US, Japan, Europe, Southeast Asia and India based industry bodies, including ITI, JEITA, TechUK, US India Business Council, and Business Europe, represent thousands of companies and technology majors like Google, Amazon, Cisco, Dell, SoftBank and Microsoft.

Here are some noteworthy cleantech announcements of the day from around the world: SB Energy Global, a subsidiary of SoftBank Group Corp., announced that it The post Daily News Wrap-Up: SB Energy Places Order for 1.5 GW of Solar Modules with First Solar appeared first on Mercom India .

The change comes after the January departure of Chief Operating Officer and SoftBank Group International Chief Executive Officer Marcelo Claure, who was responsible for the Latin American fund.

SoftBank Group Corp. has given responsibility for its Latin American funds to Rajeev Misra, who as CEO of SoftBank Investment Advisers, oversees its behemoth Vision Fund, according to people with knowledge of the matter.

Gopuff -- a Philly-based delivery service that''s backed by Softbank -- has floated a valuation of up to $40 billion and hired Goldman Sachs to help prepare for an IPO.

SoftBank Corp. has borrowed about 100 billion yen ($870 million) using Z Holdings Corp.’s shares in its first such asset-backed financing to raise funds for business purposes.