CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company got investment from Soft bank recently?
A
Freecharge
B
Paytm
C
Oxigen
D
Citrus Pay
Explanation: 

Detailed explanation-1: -Their most recent diversity investment was on Jan 3, 2023, when WeWork raised $250M . SoftBank Vision Fund has had 50 exits. SoftBank Vision Fund ‘s most notable exits include NVIDIA, Getaround, and Uber .

Detailed explanation-2: -Investment landscape In 2021, SoftBank participated in at least three rounds of more than $500 million. The Japanese investment conglomerate participated in Flipkart’s $3.6 billion round, Eruditus’s $650 million round and Meesho’s $645 million round.

Detailed explanation-3: -Softbank buys Nu shares: SoftBank took new stakes in Brazilian fintech Nu Holdings, acquiring 22M shares worth valued at nearly $82.3 million in the June quarter. Softbank bought Nu shares at an average cost of $3.74, right around the bottom when the stock traded at its lows in June.

Detailed explanation-4: -Its big-ticket investments include digital payments firm Paytm and online education firm Unacademy.

There is 1 question to complete.