Cult of We Authors Eliot Brown and Maureen Farrell on WeWork therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Masayoshi Son of SoftBank was put in the dock at the annual shareholder meeting on Wednesday and grilled over governance failures after the collapse of Greensill and Katerra.
The 63-year-old defended the Japanese conglomerate’s governance structure during the 90-minute online event, saying the board was not “Masayoshi Son’s one-man show”. “I personally feel that we should pay extra attention to governance,” Son said. “We plan to manage our investments in line with compliance and other rules so that the focus is not on pursuing short-term benefits using financial engineering techniques.”
The annual meeting ended with the addition of another five non-executive members to the nine-member board.
Softbank Group to invest $450 million in Swiggy at $5.5 billion value
SoftBank Group Corp. is investing in Swiggy at a $5.5 billion valuation, the second funding for the Indian food delivery startup in as many weeks as capital floods the world’s fastest growing internet arena. The $450 million funding came from Masayoshi Son’s Vision Fund 2, a person familiar with the matter said. The financing awaits approval from Indian antitrust regulators, the person added, asking not to be identified talking about a private deal.
Decision in 3 working days after foreign Covid-19 vaccine firms apply The Indian health regulator will take a decision within three working days of a foreign vaccine maker seeking emergency use approval, the Centre said on Thursday in a definite move to accelerate the inoculation process. Also, the Central Drugs Standard Control Organisation (CDSCO) will work in a time-bound manner for every step connected to vaccine approval. For instance, import licence and r
Apr 16, 2021
SoftBank Group Corp. is investing $450 million in Swiggy, the second funding for the Indian food delivery startup in as many weeks as capital floods the world’s fastest growing internet arena.
The funding came from Masayoshi Son’s Vision Fund 2, a person familiar with the matter said. The financing awaits approval from Indian antitrust regulators, the person added, asking not to be identified talking about a private deal.
Bangalore-based Swiggy competes with multiple food delivery startups including fellow unicorn Zomato, backed by Ant Group Co. and Tiger Global, and the food delivery arm of Amazon.com Inc’s India unit, which recently unveiled its service to Prime members in dozens of zip codes in the city of Bengaluru, formerly Bangalore.
Softbank Group to invest $450 million in Swiggy at $5 5 billion value business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.