Value startup

Source: AFP Japan’s SoftBank Group on May 12 reported a net loss of 1.7 trillion yen ($13 billion) for the fiscal year ended March 31 2022, as the Japanese conglomerate’s listed portfolio companies were hit hard by falling tech valuations across the globe with investors pricing in interest rate hikes and China tightening regulations on the industry. According to Reuters estimates, SoftBank’s Vision Fund investment unit posted a record loss of over 2.97 trillion yen for the Jan-Mar quarter hitting the Japanese investment conglomerate’s profits for the year. The Masayoshi Son-led investment firm had reported a net profit of 4.99 trillion yen ($38 billion) for the previous fiscal year, with the Vision Fund unit clocking a profit of about 4.03 trillion yen. Shares of South Korea’s Coupang Inc and China’s Didi Global, two of SoftBank’s biggest portfolio companies, have plummeted in the Jan-Mar quarter, dragging the Japanese investment conglomerate into losses for the year. … [Read more...] about SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe

SoftBank CEO Masayoshi Son Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Japan’s SoftBank Group , which has been a prolific tech investor in India and across the world, will be cutting its investments to a fourth in 2022 from a year earlier as valuations of high-growth technology firms have plummeted globally. “In the latest quarter from December to March, compared to the previous quarters, we have made it (investments) smaller. (Our investments had) peaked in Q1 (first quarter) when we made investments of about 2 trillion yen. But in Q4 (fourth quarter) you see a huge decline compared to Q1,” said CEO Masayoshi Son, addressing the press after the Japanese conglomerate declared its earnings earlier in the day. ALSO READ: SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe “Compared to … [Read more...] about SoftBank will cut investments to a fourth in 2022 as tech shares plunge globally

Representative photo Honasa Consumer, the parent company of Mamaearth, and The Derma Co, has bought a majority stake in dermatologist-formulated skincare brand Dr Sheth’s, valuing the company at Rs 28 crore. The primary round of funds will be directed to accelerate the growth of the Dr Sheth’s brand, Honasa Consumer said on May 16, without sharing more financial details of the deal. “This partnership as it will help us widen our portfolio offerings under the HCPL (Honasa Consumer) umbrella. It will be a symbiotic relationship wherein there will be knowledge sharing across brands and collaboratively build the brand and its product portfolio, said Varun Alagh, Co-founder and Chief Executive Officer, Honasa Consumer. Dr Aneesh Sheth, who founded Dr Sheth’s in 2016, will continue to lead the business and product innovation for the brand. The company manufactures products for skin concerns like pigmentation, acne, dryness, and wrinkles and houses popular brands like Amla VC20 … [Read more...] about Mamaearth parent buys majority stake in skincare brand Dr. Sheth’s

I've been in the business of coaching companies for a few decades, but only recently did I get into the business of research. Management ideas are nice ideas, but they're just that. If you want to prove what actually drives financial results--and if you care about improving the lives of the employees who drive those results--you need applied research. My friends at Harvard Business School have been telling me this for a while, so I talked them into helping me test the validity of a management approach we call economic engagement. It's all about partnering with employees to profitably serve customers. We defined precisely what we meant by economic engagement, codifying it in five management practices. Three years into the research, we shared the initial compelling results in these pages (more details are provided in the book I wrote with John Case-- Partners on the Payroll ). While I'm a die-hard fan of this approach (and growing more fanatical as the research continues … [Read more...] about What’s Missing in the Agile Approach

Over the past six months, the formal definition of what it means to " build a business" in the world has changed considerably. For example, it's no longer "unconventional" to have a large chunk of your workforce (if not your entire workforce) be remote . It's completely acceptable to substitute video calls for in-person meetings. And it's also acceptable to show up to these video calls wearing non-formal attire. Companies that had previously employed hundreds, thousands, or even tens of thousands of employees are realizing they can operate much more efficiently with a leaner team. And entrepreneurs who had been questioning whether or not they needed to invest in more technologies have gotten their answer loud and clear: Yes, the future is here. Covid-19 has given all types of entrepreneurs the opportunity to rethink who they are and how they run their businesses. For us, the past six months have been a period of reinvention here at ThirdLove. We've had to make … [Read more...] about COVID-19 Has Changed The Way We Run Our Business For The Better in These 3 Ways

Representative image. Neobanking platform Fi will now allow customers to invest in mutual funds and will soon launch a peer-to-peer lending product, the startup said on May 5. Fi is tying up with 11 asset management companies (AMCs) for mutual fund investments and with Matrix Partners-funded Liquiloans for the P2P lending product. Until now, Fi mainly focused on providing banking products in partnership with Federal Bank. Customers could open a Federal Bank savings account through the platform, get a debit card and open a fixed deposit in which money could be deposited in small amounts. These new offerings will be a diversification for the startup, which is valued at $315 million. The mutual funds product will be integrated with Fi's current savings product called FIT Rules where a small amount is automatically set aside from the savings accounts based on predefined conditions set by users, for eg. - setting aside Rs 100 each time you order food, etc. The P2P lending … [Read more...] about Neobanking platform Fi launches mutual fund investments, peer-to-peer lending to follow

Jin Ok-dong, Shinhan Bank CEO, left, and Park Jong-ook, President of KT, at a strategic partnership ceremony held at Shinhan Bank's main branch in central Seoul on Monday. [KT] KT and Shinhan Financial Group are exchanging more than 400-billion-won ($340 million) worth of shares to jointly collaborate on artificial intelligence (AI) and the metaverse. KT, the second largest telecom company in Korea, said on Monday it is acquiring 2.1 percent of Shinhan Financial Group for 437.5 billion won. Shinhan Financial Group runs Shinhan Bank, Korea’s second largest bank by asset value. The acquisition will be made on Jan. 26. In exchange, Shinhan Bank is acquiring 5.46 percent of KT shares for 437.5 billion won. This will make Shinhan Bank the second largest shareholder of KT after the National Pension Service. KT and Shinhan Bank formed a strategic partnership to collaborate on 23 joint businesses based on their technologies. KT has technologies related to data analysis and natural … [Read more...] about KT, Shinhan deepen partnership with share swap

Share to Twitter Share to Linkedin P oker chips, high stakes, and big money. Throughout last week, a few yards away from the Caribbean's largest casino in the Bahamian capital, Nassau, about 2,000 people gathered at the Baha Mar resort’s convention center to discuss cryptocurrencies and the next iteration of the World Wide Web a.k.a Web3. Just last month, a similar albeit much larger crowd took over Miami Beach to pay homage to the invention that started it all—bitcoin. But if the 25,000-person expo in South Florida felt like Coachella for the bitcoin faithful , the latest summit, dubbed “Crypto Bahamas”, inched closer in resemblance to the World Economic Forum’s Davos conference, not minding the casual dress code. Pretty much everyone from CEOs to developers wore flip-flops, sneakers, and t-shirts bearing slogans such as “NFTs are a scam” and “Burnt Finance”. Co-organized by billionaire Sam Bankman-Fried’s crypto derivatives exchange FTX and the … [Read more...] about Royal Flush: Inside Crypto’s Most Exclusive Gathering

LedgerX co-founder Paul Chou is building on the sale of the company he created by raising capital for a new kind of cryptocurrency that can be spent on Earth, the Moon, Mars and beyond. I t’s just before midnight on a rainy autumn Friday. Paul Chou and his entourage dodge puddles on the runway of the Teterboro Airport in New Jersey as they board a Gulfstream private jet bound for Las Vegas. The flight attendant cracks open a bottle of champagne and with a nod welcomes the passengers aboard. The girls disappear into the back and emerge minutes later wearing sequined cocktail dresses and feather boas. Sensing she’s in for a party, the attendant offers a round of tequila shots just as the inertia from the plane taking off to the Bellagio Hotel & Casino forces her laughing into her seat. Ostensibly, Chou, 38, is celebrating not only his birthday but the sale for an undisclosed amount of LedgerX, the ground-breaking bitcoin derivatives firm he co-founded with his wife in … [Read more...] about Bitcoin Trailblazer Raises Capital To Create Interplanetary Cryptocurrency