Softbank

DiDi Chuxing expands to South Africa, to take on Bolt and Uber

Chinese ride-hailing company DiDi Chuxing has started operations in South Africa today, according to Reuters. Founded in 2012, the Beijing based company operates in more than 400 cities in China. It c

SoftBank-backed Indian insurance platform Policybazaar raises $75 million

Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that th

Trading platform eToro to go public via SPAC merger in $10B deal

Multi-asset investing and trading platform and Robinhood competitor eToro announced Tuesday it will go public via a merger with SPAC FinTech Acquisition Corp. V in a massive $10.4 billion deal. Once t

ElevateBio raises $525M to advance its cell and gene therapy technologies

ElevateBio, one of the leading biotech companies focused on gene-based therapies, has raised a massive $525 million Series C round of financing, more than doubling the company’s $193 million Ser

Coupang follows Roblox to a strong first day of trading

Coupang's IPO was a success, no matter how you slice it, even if you have valuation quibbles. And it was a huge win for SoftBank.

Forward Health raises $225M from investors including The Weeknd as it looks to expand nationwide

Primary care startup Forward Health is looking to expand its tech-powered, personalized healthcare model across the U.S., and will use a new $225 million Series D raise to help make it happen. The new

SoftBank, Demeter and Coparion invest $3M into Plan A’s B2B carbon monitoring and ESG platform

Plan A, a Berlin-based automated SaaS B2B startup, has raised $3 million for its platform that lets companies measure, monitor, reduce and report their environmental footprint, thus improving their ES

Compass files S-1, reveals $3.7B in revenue on net loss of $270M

Compass, the real-estate brokerage startup backed by roughly $1.6 billion in venture funding, filed its S-1 Monday. The move comes just under one year after the New York-based company laid off 15% of

Paytm claims top spot in India’s mobile payments market with 1.2B monthly transactions

Paytm, India’s most valuable startup, said on Monday it processed 1.2 billion transactions in the month of February, illustrating the level of penetration it has made in one of the world’s fastest

Investors’ SPAC push could revamp the private market money game

A new era of venture, or just another temporary weirdness caused by zero-cost money and an overabundance of bored cash?

Coupang files for mega US IPO

Coupang's offering, coming amidst the public debut of a number of well-known technology brands, will be a massive affair.

Does SoftBank have 20 more DoorDashes?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat th

WeWork is apparently doing better, not that SoftBank wants you to talk about that

SoftBank’s earnings always leads to a bonanza of news. One storyline that has dominated the company’s earnings over the past few years that has all but disappeared though is WeWork. The co-working

SoftBank kills half the performance incentive for its Vision Fund execs

SoftBank reported earnings today, including the performance of its $98.6 billion Vision Fund. The numbers were enticing, given the recent exit of DoorDash, which returned billions to SoftBank and repr

SoftBank and the late-stage venture capital J-curve

SoftBank had some good data to report overnight with its third-quarter earnings, which covers the last quarter of 2020 through December 31. The company’s first Vision Fund reported large gains drive

SoftBank files for a double scoop of SPAC

The SPAC mania continues unabated, with new SPACs being filed with the SEC on an almost hourly basis at times. SoftBank, the Japanese telecom conglomerate which has also been running the gigantic Visi

SoftBank is just the latest validation for Miami’s booming startup scene

Miami tech is in a nascent phase to the outside world, and it allows the locals and newcomers to learn from major tech hubs' mistakes and decidedly do things differently.

Institutional trust is the real meme

Hello friends, this is Week in Review. Last week, I dove into the AR maneuverings of Apple and Facebook and what that means for the future of the web. This week, I’m aiming to touch the meme sto

SoftBank earmarks $100 million for Miami-based startups

Miami, an emerging startup hub, has a new check-writer in town: SoftBank. The Japanese multinational conglomerate announced plans today to invest $100 million, drawn from across its funds, into Miami-

SoftBank teams with home-goods maker Iris Ohyama for new robotics venture

You’d be forgiven for being underwhelmed by the output from SoftBank Robotics thus far. The firm’s best-known product to date is almost certainly Pepper, a humanoid robot designed for greeting and
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