SoftBank-backed B2B platform for raw material procurement and credit, OfBusiness, is set to hit Dalal Street. The company plans to raise “between $750 million and $1 billion through a public offering in the next 12-15 months,” CFO Bhavesh Keswani told CNBC-TV18. “We are in the process of merging our subsidiaries into a holding company. We […]
Softbank’s India bets pay off as firm clocks 3-fold returns after 3 bumper IPOs – CNBC TV18
Growth equity firm SoftBank Investment Advisers had a bumper last few days in terms of harvesting returns from its investments in India. Portfolio companies Ola Electric, FirstCry, and Unicommerce saw successful listings on the exchanges, giving over 3x returns to the investor. In terms of exits and value unlocking by SoftBank, an investment of $250 […]