Arm’s gains are SoftBank’s gains

Not so long ago, things were looking bleak for SoftBank, the investment holding company headed by eclectic — and controversial — tech mogul Masayoshi Son. The Vision Fund, SoftBank’s

Business travel management platform TravelPerk raises $104M

TravelPerk, a business travel management platform targeted at SMEs, has raised $104 million in a fresh equity-based round of financing led by SoftBank’s Vision Fund 2. Existing investors, includ

SoftBank-backed FirstCry seeks to raise nearly $220 million in India IPO

FirstCry, India’s biggest e-commerce platform for mother and baby products, is aiming to raise $218 million through the sale of new shares in its initial public offering, almost a third of the $700

SoftBank sells Open Opportunity Fund to Black and Latino executives

The Japanese conglomerate is selling the Open Opportunity Fund to its chairman Paul Judge, and Marcelo Claure, who's being appointed as vice chairman and general partner.

IRL founders allege investors sabotaged company with fake users claims

The founders of IRL, Abraham Shafi and Genrikh Khachatryan, are suing their investors, claiming that they intentionally sabotaged the company. At its peak, IRL was poised to become an event organizing

WeWork, once valued at $47B, files for bankruptcy

Flexible office-space firm WeWork has filed for Chapter 11 bankruptcy protection, listing over $18.6 billion of debt in a remarkable collapse for the once high-flying startup co-founded by Adam Neuman

Invesco raises Swiggy’s valuation to nearly $8 billion

Conditions appear to be shifting favorably for India’s Swiggy. The food delivery startup — backed by SoftBank, Prosus and Accel — saw its paper valuation slashed by more than half th

SoftBank bets on ex-Argo AI founders, Flexport’s founder cleans house and Cruise digs in

Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. This week was packed with news, including in the world of st

This startup is betting on the downturn

Hello and welcome back to Equity, a podcast about the business of startups. This is our Friday show, and we’re talking about the week’s biggest startup and tech news.

Arm’s latest IPO filing eyes potential $52B valuation

Arm this morning submitted an update to its SEC IPO filing proposing a $47 to $51 share pricing. The high end would put the British chip maker’s valuation north of $52 billion. The firm has seen a b

The bear and bull cases for Arm’s IPO

Arm's IPO could very well make or break investor and startups' appetite for more IPOs this year. What does the company have going for it?

Chip company Arm files for Nasdaq listing in IPO anticipated to be this year’s biggest

Arm, the U.K.-based chipmaker owned by Japan’s SoftBank since 2016, has filed for a Nasdaq listing five months after announcing it had filed confidential, preliminary IPO paperwork with U.S. regulat

Ladies and gentlemen: The dregs of the SPAC boom

 Listen here or wherever you get your podcasts. Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is ou

WeWork goes from $47B valuation to ‘substantial doubts’ about its future

WeWork is struggling to survive in a post-pandemic world. In announcing its earnings today, the flexible space provider said that “substantial doubt exists about the company’s ability to continue

SoftBank sues IRL over ‘elaborate scheme’ that swallowed $150M

SoftBank once invested in social app IRL at a $1.1 billion valuation. Now, the Japanese investment firm is suing the defunct company for fraud, alleging $150 million in damages. IRL was supposedly poi

SoftBank launches an OpenAI for Japan: SB Intuitions, building LLMs and generative AI in Japanese

AI may have found a center of gravity in the Bay Area, but we’re seeing a lot of activity elsewhere among those who believe that there is a market opportunity ensuring that the pace of innovatio

SoftBank and Symbotic team to offer automated warehouses as a service

When it comes to retail, it’s Amazon versus the world. That’s been true for a long time and will continue to be so for the foreseeable future. Plenty of factors have contributed to the company’s

This week in robotics: Chinese startups net a series of fundraising successes

Before we dive into this week’s biggest news within the robotics space, there’s an announcement of our own to highlight. We’ll be hosting a number of robotics industry experts at our very fi

Rice Robotics picks up $7M, powers SoftBank’s office delivery

In the crowded enterprise robotics space, the ability to secure key clients is a crucial differentiator for companies. In the case of Hong Kong–based Rice Robotics, the important order has come from

SoftBank backs Japanese robotics startup Telexistence in $170M funding round

SoftBank is backing Japanese robotics startup Telexistence, making good on the tech giant’s recent pledge to go back on the investment offensive in light of the current AI hype. Tokyo-based Tel
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