Connect with us

Latest News

SoftBank To Invest $ 500 Million In Paytm Mall

Published

on

SoftBank Invest In Paytm Mall,Startup Stories,2017 Business New Updates,SoftBank Business Updates 2017,SoftBank Talks with Paytm Mall,Paytm Mall Latest News,SoftBank Invest Money in Paytm Mall,Online Marketplace Paytm Mall,SoftBank Potential Investment in Paytm Mall,Paytm Mall and Softbank Business Plan

SoftBank, the Japan based venture capital firm, is reportedly in talks to invest $ 500 million in the online marketplace Paytm Mall. According to a news daily, Paytm Mall and SoftBank have already held initial talks for a $ 500 million to $ 600 million financing round.

SoftBank may lead this funding round with an investment of $ 300 million in the ecommerce venture operated by Paytm ECommerce Pvt., Ltd. Till date, SoftBank holds close to 20% stake in One97 Communications which runs the digital payments arm Paytm as well as Paytm Mall. Chinese etailing giant Alibaba also holds a majority stake (over 50% ) in the company.

The Times of India reported a source close to the discussions saying, “The funding proposal is yet to be discussed with the company board. However, there (sic) are informal commitments that have come through from investors. They still need to set a valuation for the transaction as the initial capital from Alibaba and SAIF was an internal round.

Reports also surfaced last month hinting the online retail platform Paytm Mall had initiated discussions to raise Rs. 3,000 to Rs. 4,000 crores in fresh funding by the end of this year to compete with Flipkart and Amazon. However, Paytm has not responded to the rumors while SoftBank said the company “does not comment on speculations”.

Earlier this year SoftBank invested a whopping $ 2.4 billion in Flipkart via its Vision Fund. Nevertheless, according to sources, SoftBank’s potential investment in Paytm Mall will not have any conflict of interest with Flipkart because Paytm Mall differentiates itself as a platform that helps bring offline retailers online. 

Paytm Mall also received $200 million from majority investor Alibaba and venture capital fund SAIF Partners in August this year. Alibaba and its affiliate Ant Financial’s stake in Paytm E-Commerce Pvt., Ltd., increased from 40% to 62% post this round of investment. The company was also planning to invest $ 35 million in its technology and logistics infrastructure to strengthen its position in the ecommerce market.  

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Deep-Tech Startup EndureAir Raises INR 25 Crore from IAN Alpha Fund to Boost Drone Innovation

Published

on

StartupStories

EndureAir, a deep-tech drone startup specializing in UAV (Unmanned Aerial Vehicles) and aerial robotics solutions, has successfully raised INR 25 crore in a funding round led by IAN Alpha Fund, with participation from IAN Angel Fund. The fresh capital infusion will enable EndureAir to enhance its advanced drone technologies for defense applications, broaden its reach in enterprise markets, and accelerate the development of next-generation high-altitude logistics and aerial robotics platforms.

Founded in 2018 by Dr. Abhishek, a professor of Aerospace Engineering at IIT Kanpur, along with his former students Rama Krishna and Chirag Jain, EndureAir stands out in India’s indigenous UAV sector by developing both hardware and software in-house. Backed by over 15 years of rotorcraft research and holding eight patents in flight dynamics and autonomous systems, the company has rapidly established itself as a pioneer in the deep-tech drone ecosystem.

EndureAir’s flagship drone platforms, including the Sabal heavy-lift UAV family inducted by the Indian Army’s Eastern Command and the Vibhram drone supporting Telangana’s Medicine from the Sky program, are deployed in critical operations. The startup also collaborates with Bharat Electronics Limited for co-developing high-altitude drones and works with Bhutan’s Druk Holding & Investments on remote logistics missions. With this funding, EndureAir aims to position India as a global leader in UAV innovation, advancing resilient domestic drone systems for defense and enterprise applications.

Continue Reading

Latest News

Venture Catalysts Raises Rs 150 Crore to Boost Multi-Stage VC Platform and AI Capabilities

Published

on

StartupStories

Venture Catalysts, a leading Mumbai-based venture capital platform, has secured Rs 150 crore (around $18 million) through a strategic mix of primary and secondary transactions. This fresh round of funding resulted in a company valuation of approximately $200 million and drew participation from high-profile investors such as Ashish Kacholia, the Shah Rukh Khan family office, Aishwarya Rai, as well as several established capital market veterans and renowned business houses. The move not only demonstrates strong investor confidence but also positions Venture Catalysts at the forefront of India’s rapidly evolving startup landscape.

The infusion of capital is earmarked to accelerate key initiatives, including expanding Venture Catalysts’ leadership team, launching new investment funds, and exploring advanced technology solutions with an emphasis on AI-enabled due diligence and reporting tools. Additionally, the firm aims to strengthen its footprint across major Indian startup hubs and grow its suite of Category II alternative investment funds, harnessing this growth to support a new wave of promising startups and founders within the ecosystem.

Since its inception in 2016, Venture Catalysts has evolved from an angel network to a multi-fund powerhouse, managing over $500 million in assets and deploying nearly $200 million across more than 400 startups, including industry leaders like BharatPe, Renee Cosmetics, and InsuranceDekho. This latest funding round reinforces Venture Catalysts’ pivotal role in nurturing and scaling some of India’s most innovative startups, catalyzing growth throughout the country’s thriving entrepreneurial sector.

Continue Reading

Latest News

U.S. AI Startup Anthropic Expands Global Ban to Tackle Chinese Tech Influence

Published

on

Anthropic - StartupStories

U.S. AI leader Anthropic has expanded its restrictions on Chinese entities, taking a firm stance against access to its advanced AI models—including the renowned Claude chatbot—by any company or subsidiary more than 50% owned, directly or indirectly, by Chinese organizations. This updated AI policy is designed to block loopholes that previously allowed access to powerful AI tools via overseas affiliates, joint ventures, or cloud providers, reinforcing Anthropic’s commitment to responsible technology governance and the protection of sensitive data.

Driven by rising national security and regulatory concerns, Anthropic’s move highlights potential risks involving companies subject to Chinese jurisdiction, which could be compelled to cooperate with state intelligence and share critical information. The sweeping policy marks the first public, formal ban by a major U.S. AI company based on entity ownership and control, rather than only geographic boundaries, ultimately intensifying scrutiny on AI exports and global tech supply chains.

While the immediate business impact is expected to be modest, experts consider this a landmark decision that may set industry-wide precedents, prompting other U.S. tech giants to reevaluate their own AI export and usage policies. This development not only heightens the U.S.–China tech rivalry but also shapes the future landscape of AI governance, data security, and international compliance in a rapidly evolving digital world.

Continue Reading
Advertisement

Recent Posts

Advertisement