Solar photovoltaic module manufacturer Waaree Energies Limited headquartered in Mumbai, announced its planned facility in Brookshire, Texas outside Houston. This facility will be one of the largest U.S. solar factories by 2027. The facility will have 3 GW annual capacity when it opens in late 2024, expanding to 5...
SoftBank Invests Over $200 Million in India's Online Grocer
Japan's SoftBank Group led an investment round of more than $200 million in New Delhi-based online grocery startup Grofers India through its Vision Fund. The series F funding saw participation from new investor, KTB of South Korea, and existing investors Tiger Global Management of New York and Sequoia Capital of...
SoftBank's Masayoshi Son Bullish on India
Economic Times reports on an interview with Softbank Group’s chairman and CEO Masayoshi Son, and president and COO Nikesh Arora. Excerpts of the interview follow: On minimal or no government help for startups in India: Son - Best thing for a government to do is to eliminate obstacles like filing...
Ola India Gets Another $500 Million Investment
Led by new investor Baillie Gifford and existing backers, Falcon Edge, Tiger Global, SoftBank Group, DST Global along with strategic investor Didi Kuaidi (a China-based rival of Uber), Ola India acquired its F round of funding for $500 million. The company said that it would use the new capital to...