SoftBank Capital

But while Vision Fund 1 has had a gross gain of $22.6 billion since inception this has been largely offset by Vision Fund 2's $21 billion loss

Softbank-backed consumer technology company InMobi on Wednesday said it has raised USD 100 million debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. InMobi has plans to list in India and has started the necessary process. The company plans to use the funds for the development and deployment of InMobi's artificial intelligence (AI) technology and for potential AI-focused acquisitions. "We are pleased to have the confidence and funding from MARS Growth Capital to further accelerate our growth trajectory," Naveen Tewari, CEO of InMobi said. He said AI is the bedrock of both InMobi's consumer and enterprise businesses. "We are using it to power the revolutionary lock screen experiences and InMobi Advertising's platforms. We are reimagining how ads can be made truly native by driving superior engagement and outcomes for consumers, advertisers and publishers," Tewari said. MARS Growth Capital invests in future-ready AI platforms in Asia Pacific

The latest funding brings Wayve's total funds raised to just over $1.3 billion and marks the largest investment yet in a British startup focused on artificial-intelligence technology

Son has been unwavering in his enthusiasm for AGI. In October, he told a large group of Japanese enterprise clients to adopt AI or get left behind

Vision Fund II, which was launched in 2019, relies entirely on SoftBank money, a pool of capital that's expanded tremendously in the past week thanks to the company's majority ownership of Arm Holding

This is a decline of about 29 per cent from the SoftBank-backed company's peak valuation of $4.9 billion

The names of the buyers were not disclosed by the exchange

Zomato shares have gained 88.3% so far this year and closed 1.4% lower on Thursday

Three Indian family investment offices have reportedly picked up stakes in the SoftBank-backed e-commerce firm

The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021

Sells 22.84 million shares, or 5.08% stake, at Rs 456.4 apiece; 30 institutional investors among buyers

Floor price set at Rs 555, 8% discount to last close

The Vision Fund segment lost 1.02 trillion yen in July-September, following a 2.33 trillion yen loss in the June quarter. Overall, the Japanese conglomerate logged net income of 3.03 trn in last qtr

The two funds together have invested over $11-12 billion in the country. Together with Softbank's direct investment, this goes up to $14 billion

The Japanese company will acquire the stake from funds affiliated with AutoStore's majority shareholder Thomas H. Lee (THL) Partners and other investors

SoftBank's shares were up 5.3% at Y9,990 at 0055 GMT having earlier shot past Y10,000, the biggest intraday jump in two months

Preliminary work on a buyout got under way after a record drop in SoftBank shares in March, but the effort was later tabled as the stock price more than doubled with asset sales

Another board member, Saurabh Jalan, who has been associated with Snapdeal for the past few years and is currently a director, would continue to be SoftBank's representative on the board