Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  SoftBank Group Corp    9984   JP3436100006

SOFTBANK GROUP CORP

(9984)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

SoftBank leads $200 million investment in India's Grofers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/15/2019 | 06:01am EDT
FILE PHOTO: The SoftBank Group logo displayed at the SoftBank World 2017 conference in Tokyo

BENGALURU (Reuters) - Japan's SoftBank Group Corp has led an investment round of more than $200 million in online grocery startup Grofers India through its Vision Fund, the New Delhi-based company said on Wednesday, upping competition in a hotly chased market in the country.

Grofers' fresh funding comes after homegrown rival Bigbasket, which is backed by China's Alibaba Group, recently raised $150 million to hit a valuation of over $1 billion. Both the startups compete with the likes of Amazon.com and Walmart Inc's e-commerce unit Flipkart for various categories.

"This latest investment will help scale the company to ensure many more customers can access the best quality products at the best prices," Chief Executive Albinder Dhindsa said in a statement.

Grofers did not say what it was valued at after the funding.

Softbank's Vision Fund was set up in 2017 and is now the world's largest technology investment fund, with a portfolio that includes pioneer Uber Technologies Inc, chip designer ARM and shared workspace firm WeWork.

The Japanese firm is considering an initial public offering of its $100 billion fund, a source told Reuters earlier this month.

(Reporting by Nivedita Bhattacharjee; editing by Gopakumar Warrier)

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING -0.64% 155 Delayed Quote.13.08%
SOFTBANK GROUP CORP 2.03% 10295 End-of-day quote.46.97%
WAL-MART STORES 0.80% 102.67 Delayed Quote.10.22%
WORKSPACE GROUP PLC -1.27% 897.5 Delayed Quote.13.11%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SOFTBANK GROUP CORP
11:28pASIA MARKETS: Asian Markets Mixed As Trump Visits Japan
DJ
05/25Trump urges greater Japanese investment in U.S., criticises trade advantage
RE
05/24Global tech companies shun Huawei after U.S. ban
RE
05/24Global tech companies shun Huawei after U.S. ban
RE
05/24SOFTBANK : Hollywood's Top Agency Files for IPO
DJ
05/23ASIA MARKETS: Asian Markets Pull Back On Fears Of Prolonged Trade Standoff
DJ
05/23ARM supply halt deals fresh blow to Chinese tech giant Huawei
RE
05/22SOFTBANK : UK, Japan mobile operators halt launch of Huawei phones after US ban
AQ
05/22SPRINT CORP : Change in Directors or Principal Officers (form 8-K)
AQ
05/22ASIA MARKETS: Asian Markets Cautious Amid Lingering Trade Tensions
DJ
More news
Financials (JPY)
Sales 2020 9 740 B
EBIT 2020 1 033 B
Net income 2020 1 200 B
Debt 2020 11 497 B
Yield 2020 0,50%
P/E ratio 2020 8,55
P/E ratio 2021 15,15
EV / Sales 2020 2,34x
EV / Sales 2021 2,44x
Capitalization 11 331 B
Chart SOFTBANK GROUP CORP
Duration : Period :
SoftBank Group Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOFTBANK GROUP CORP
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 14 218  JPY
Spread / Average Target 38%
EPS Revisions
Managers
NameTitle
Masayoshi Son Chairman, President & Chief Executive Officer
Raul Marcelo Claure Chief Operating Officer & Director
Norikazu Oba Manager-Finance & Planning
Tadashi Yanai Independent Outside Director
Ken Miyauchi Representative Director & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
SOFTBANK GROUP CORP46.97%103 647
AT&T13.07%235 506
CHINA MOBILE LTD.-1.41%191 732
NTT DOCOMO INC4.69%77 367
T-MOBILE US21.47%66 012
KDDI CORP7.11%59 883