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Uber May Raise Funds From SoftBank, Didi Chuxing And Others

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Uber Raise Funds From SoftBank,Uber exclusive talks,Uber Latest News,SoftBank Group CEO,Uber Founder,Uber largest shareholders,Travis Kalanick,Didi Chuxing,Startup Stories,2017 Latest Business News

Uber Technologies Inc., the global taxi aggregator, may raise as much as $ 12 billion in funding from SoftBank Group Corp., and Didi Chuxing, along with U.S. equity firms Dragoneer Investment Group and General Atlantic.

Bloomberg reported, Uber’s exclusive talks with the four investors for a potential investment hangs on the outcome of a courtroom brawl between two board members. According to the reports, along with the four investors, China’s Internet conglomerate Tencent Holdings Ltd., has also explored the possibility of contributing funds to the round and Goldman Sachs Group Inc., will be advising Uber on the potential transaction.

The deal, as per people familiar with the development, will consist of 2 components. The first component will allow a fresh investment of $ 1 billion to $ 1.5 billion in the company at the same valuation from last year. The second component is a share buyback plan that will allow a set of its current shareholders to exit at a lower price than the current valuation. The second component of the deal will allow investors to spend $ 2 billion to $ 10 billion buying out shareholders’ stock, depending on the demand from sellers. This exclusive agreement between Uber and the investors temporarily bars other investors from swooping into the agreement.

Talks regarding Uber selling some of their shares to SoftBank Group Corp., and other potential investors were reported last month when SoftBank Group CEO Masayoshi Son said he was interested in investing in ride hailing firms Uber and Lyft.

The deal, which is currently in the due diligence period, could value the San Francisco headquartered company at $ 70 billion. The final decision of the transaction hangs on Uber’s ability to resolve an ongoing fight between two of the company’s largest shareholders and most influential board members. Uber, SoftBank, Didi, General Atlantic, Goldman Sachs, Dragoneer and Tencent have declined to comment.

Currently, former CEO of Uber Travis Kalanick is fighting a lawsuit against early investor, venture capital firm Benchmark for defrauding investors and withholding information from the directors. Although Kalanick has denied the allegations, the lawsuit poses major complications to the deal with regards to whether Kalanick would relinquish his seat or the two empty ones under his control or whether new seats would have to be created.

The company has also been looking for a new chief executive officer since Kalanick stepped down from the post in June this year in the face of mounting pressure from investors.

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D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes

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StartupStories

Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.

In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.

Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.

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Centre Mulls Revoking X’s Safe Harbour Over Grok Misuse

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Grok - StartupStories

The Centre is weighing the option of revoking X’s safe harbour status in India after its AI chatbot Grok was allegedly misused to generate and circulate obscene and sexually explicit content, including material seemingly involving minors. The IT Ministry has already issued a notice to X, directing the platform to remove unlawful content, fix Grok’s safeguards, act against violators, and submit a detailed compliance report within a tight deadline. If the government finds X’s response inadequate, it could argue that the platform has failed to meet due‑diligence standards under Indian law, opening the door to harsher action.​

Under Section 79 of the IT Act, safe harbour protects intermediaries like X from being held directly liable for user‑generated content, provided they follow due‑diligence rules and promptly act on legal takedown orders. Revoking this protection would mean X and its officers could be exposed to criminal and civil liability for obscene, unlawful, or harmful content that remains on the platform, including AI‑generated images from Grok. This prospect significantly raises X’s compliance risk in India and could force tighter moderation, stricter AI controls, and more aggressive removal of flagged posts.​

The Grok episode also spotlights the regulatory grey zone around generative AI, where tools can create harmful content at scale even without traditional user uploads. Policymakers are increasingly questioning whether AI outputs should still enjoy the same intermediary protections as conventional user posts, especially when they involve women and children. How the government ultimately proceeds against X over Grok misuse could set a precedent for AI accountability, platform responsibility, and safe harbour interpretation in India’s fast‑evolving digital ecosystem.

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How Pronto Is Redefining 10-Minute Home Services in India with a $25 Million Fundraise

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Startup Stories

Home services startup Pronto is in advanced talks to raise about $25 million at a near-$100 million valuation, underscoring strong investor confidence in India’s fast-growing 10-minute home services market. This potential round would be the company’s third major funding milestone after its $2 million seed and $11 million Series A in 2025, backed by marquee investors such as General Catalyst, Glade Brook Capital, Bain Capital and new participant Epiq Capital. The fresh capital is expected to further strengthen Pronto’s positioning as a leading tech-led household help platform for urban consumers.​

Pronto operates a 10-minute on-demand home-services platform that connects users with trained, background-verified workers for everyday tasks like sweeping, mopping, utensil cleaning, laundry and basic cooking. Using a hub-and-spoke, shift-based model, the startup stations workers at hyperlocal hubs, enabling sub-10-minute fulfilment and more predictable earnings compared to the informal domestic-help market. Founded in 2024 by Anjali Sardana and based in Delhi NCR, Pronto has already expanded from Gurugram into major cities such as New Delhi, Mumbai, Bengaluru and Pune, and is handling around 6,000 daily bookings with nearly 1,300 active professionals as of December 2025.​

The upcoming $25 million fundraise is expected to be used to enter more metros, deepen presence in existing neighbourhoods with additional hubs and upgrade Pronto’s technology for smarter routing, shift planning and real-time operations. A significant portion of the capital will also go into training, retention and benefits for its workforce to maintain consistent service quality at scale, especially as competition heats up from rivals like Snabbit and Urban Company in the rapid home services space. This near-$100 million valuation not only validates Pronto’s model but also highlights a broader shift toward organised, tech-driven domestic-help solutions in India’s largely informal home-services market.​

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