Softbank, one of the most powerful industrial revolutions, works basically as the distributor of computer software since the year of 1981 as the name itself implies a bank of software. Founded by Masayoshi Son, Softbank Group Corporation is a Japanese multinational conglomerate that is also a leading brand over the global market.
This Japanese corporation holds their operations in multiple businesses including e-commerce, internet, technology and transportation services, automobile science, media and marketing, finance, telecommunications and so on. Besides it tied various partnerships in Japanese subsidiaries of many foreign companies.
In India too, Softbank undertook several fields of marketing business. Though in recent past, Softbank witnessed some major loss on two of its Indian start-ups, Ola and Snapdeal. In spite of the failure the company invested nearly $10 Bn in the country of India. And one of the big tech bets of Softbank with higher profitable result paid off with Uber technologies. In India, the investments behind Uber transportation received a contented gain and led the industry to grow further.
According to the reports, the vision fund’s worth in Uber grew $3.8 billion in value. Not only the transportation start-up but OYO, the Indian hospitality services company also served to set a new dimension for the rising profit of the Japanese conglomerate. The year-on-year growth of income nearly increased 80% for FY 2019 with the combined gain of these Indian start-ups.
OYO and its gains from Indian market: –
OYO, the recent launch of Indian tech brand, came to provide a newer and easier way to book the perfect accommodation in hotels, guest houses, resorts with quality services and good living spaces to serve the guests a wonderful experience while attending holidays in some unknown regions.
With the love of inhibition free travellers, OYO is reaching towards one of the highest ranked travel guide e-brands with its substantiated reputation of becoming South Asia’s largest, China’s second largest and the world’ sixth largest and fastest growing chain of leased and franchised hotels, homes and resorts. From popular, conventional crowd filled places to offbeat non-commercial destinations, OYO has a vast range of list for accommodation to offer to the customers.
And best of all, while travelling indulges the uncertainty of the overall budget, OYO offers a discount coupon called OYO referral code to provide accommodations across the country in a cheaper discounted price that worth and value your pocket. For this hassle free experience and affordable price range, OYO, partnered with Japanese Softbank Corp expanded its business in the rapid manner and hence paid off an exciting deal to the Softbank Corp in Fy 2019.
The Softbank investment firm has been a constant investors of OYO’s since the year of 2015. Softbank’s distribution led OYO into the Indian unicorn club and profit a huge valuation over $900 million in recent years. The industrial growth of OYO expanded in the vast market of China also which is the largest global market and this led OYO’s aim of becoming world’s biggest hotel chain to come closer.
The big gains of Flipkart Softbank deal: –
Another hugely grown e-commerce company in Indian market is Flipkart that is basically an online shopping portal founded back in 2007. Flipkart.com is the most leading online website to shop with 30 million products of multiple categories from electronics to instruments, home appliances, and apparel outfit and so on across the India. The assured products with quality mark, the Big Billion Sale on Flipkart with its abundant ranges of each categories served towards its marketing strategy which is considered as the key feature of this fastest growing online network.
The only billion dollar company that rules over the Indian market, Flipkart is also tied with a business bond with Softbank investment firm which witnessed their all exciting profit rise of almost 49% boosted by the gains from Flipkart this year. The Vision Fund, the world’s largest pool of private capital scored its maximum gain due to picking up a 77% stake through the sale, which Walmart acquired Flipkart for $16 billion, was the largest e-commerce transaction globally.
Softbank Vision Fund reported to profit a gain of nearly 146.7 billion yen on the sale of Flipkart shares from India. Which is indeed a massive pay off by the Indian start up Flipkart to the investors of the Japanese conglomeration.
In the latest year while OYO’s valuation increased to $1.4Bn and Uber’s valuation grew to $3.8Bn, the company’s expectations are flourishing towards investing more in Indian market. Overall Softbank’s investment in the giant e-commerce brand Flipkart and the hospitality company OYO met with the combined gain around $2.7 Bn from both the leading companies. As the Japanese investments has been doubling down in Indian market, the buzz is that, with these above beneficial deal in India, Softbank CEO rightly believe to exceed the result of gaining amount in the further years in such a level that was never experienced before.