SoftBank Archives - Inside Retail Asia

India’s Lenskart wins US$275 million in Softbank funding

Indian omni-channel eyewear retailer Lenskart has raised an investment of US$275 million from SoftBank Vision Fund.

Sendo wins funding, overtakes Tiki in Vietnam

Vietnamese e-commerce marketplace Sendo has secured a US$61 million Series C funding, just as its overtakes local archrival Tiki into second place in the market.

Ebay to buy into India’s Paytm Mall

International e-commerce platform Ebay is preparing to head a US$160–170 million investment in e-tailer Paytm Mall.

South Korea’s Coupang secures $2 billion funding

South Korea’s Coupan, the fast-growing e-commerce firm, will receive an investment of US$2 billion from the SoftBank Vision Fund.

Baby product retailer FirstCry in funding talks

Indian online baby product retailer FirstCry is in funding talks with Alibaba and SoftBank Group.

Hello Cycling takes shared bikes to 7-Eleven

Hubs are being rolled out at 7-Eleven Japan outlets in a partnership with the Hello Cycling bike-sharing business.

PawnHero secures funding from Kaikaku, others

Philippines-based online pawn shop PawnHero has won over global investors.

Coupang losses mount

Coupang, the South Korean eCommerce operator, is expected to reveal mounting operating losses for 2015.

Alibaba a key to India’s eCommerce future

Jack Ma, founder and chairman of the Alibaba Group and the richest person in China, has indicated that Alibaba is looking to invest more in India as it continues to expand its services,writes India Briefing. The company’s recent IPO in September raised a massive US $25 billion; funds which could be used for it to expand its operations further outside of China. Ma last week concluded a visit to India as part of a Chinese business delegation and said he was looking to, “work with Indian …

Chinese app store gets funds

Chinese app store Wandoujia has secured $120 million in a new round of funding led by SoftBank. Other investors participated in the round include DCM and Innovation Works Development Fund. Wandoujia CEO Junyu Wang said the new investment will be used to strengthen its position in China, with more than 200 app stores. “This successful round of funding represents the market’s affirmation of Wandoujia’s competitiveness, and we will use these resources to accelerate our growth and more open…