SoftBankbacked

Paytmposted a narrower loss after winning more users, helped by a campaign to target customers such as small merchants.The SoftBank Group Corp.-backed fintech company reported a net loss of 3.57 billion rupees ($43.6 million) for the…

SoftBank-backed Inmobi has fired about 50-70 people on performance metrics. According to a source, the employees impacted are from Inmobi and the firm’s lock screen-based content provider Glance. This comes even as the company announced…

A British-based creator of virtual worlds is laying off a chunk of its workforce as it strives to turn a profit within months.Sky News has learnt that Improbable is preparing to make more than 10% of its 950-strong workforce…

Softbank-backed e-commerce firm Meesho on Saturday said it registered around 80 per cent jump in the business with close to 87.6 lakh orders on Friday, the first day of its five-day festive season sale. Tier 2, 3 and 4 cities accounted for…

Ola CEO Bhavish Aggarwal appears on screen during a presentation in August 15, 2021. The company's EV-arm, Ola Electric, plans to launch an electric car in 2024.Samyukta Lakshmi | Bloomberg | Getty ImagesThe CEO of Ola Electric said Monday…

Lenskart, the SoftBank-backed omni-channel eye-wear retailer, has picked up a majority stake in Owndays – Japan’s direct-to-consumer eyewear brand – the company said. The strategic partnership through this merger will build Asia’s largest…

<!-- -->Softbank-backed 2TM cuts about 90 jobs as crypto winter lingers2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to…

Logistics firm Delhivery, backed by Japan-based Softbank, made its market debut on Tuesday at the National Stock Exchange and the Bombay Stock Exchange. The 11-year old firm climbed in early trading, a week after the country saw insurance…

NEW DELHI : Softbank-backed Ola Electric said on Sunday it will recall 1,441 of its electric scooters, weeks after one of its vehicles caught fire, prompting a government probe into the incident.Scooters involving Indian start-ups…

SoftBank-backed internet commerce firm Meesho has downsized its grocery vertical Meesho SuperStore (formerly Farmiso) in an attempt to drive efficiency. Photograph: Courtesy Meesho The Bengaluru-based firm did not reveal the number of…