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SoftBank invests in Mubadala's new $400 mn European tech fund: source

Monday, February 18, 2019, 4:56 PM

Japan's SoftBank has invested almost half of the money in Abu Dhabi's state investor Mubadala Investment Co's new $400-million fund for European technology startups, reports said on Monday. Earlier, Mubadala had committed to invest $15 billion in SoftBank's Vision Fund. The European fund has already made a few investments and will be run from a London office, reports added.
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SoftBank may hire Norwest's Sumer Juneja as India head

Wednesday, November 21, 2018, 6:28 PM

SoftBank is reportedly planning to appoint venture capitalist Sumer Juneja as its India head, around three years after searching for an executive to lead its investments in the country. Juneja currently serves as an executive for American investment firm Norwest Venture Partners. He is expected to join SoftBank in the coming months, as per reports.
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Uber posts $1 billion loss as growth in bookings slows

Thursday, November 15, 2018, 7:22 AM

Uber Technologies Inc said that growth in bookings for its ride-hailing and delivery services rose 6% in the latest-quarter, third-quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. Uber is seeking to expand in freight hauling, food delivery and electric bikes and scooters as growth in its now decade-old ride-hailing business dwindles.

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