Softbank s Vision Fund picks Nagraj Kashyap as managing partner
Kashyap is set to join Vision Express Fund in the United States as per a statement from SoftBank. February 09, 2021 / 04:20 PM IST
Japan-based SoftBank Group Corp’s Vision Fund is hiring the head of Microsoft s venture fund, Nagraj Kashyap, as its managing partner.
This is the first major appointment following a string of departures from the fund,
the Financial Express reported.
Kashyap is set to join the Vision Express Fund in the United States as per a statement from SoftBank. Previously, he had served the head of ventures at Qualcomm Inc. before joining Microsoft in 2016, the report said.
[TOKYO] SoftBank Group Corp's Vision Fund sold about US$2 billion in Uber Technologies stock, cashing in after an increase in the ride-hailing giant's shares. Read more at The Business Times.
From:ChinaDaily | 2021-01-11 11:26
Chinese fitness app Keep announced on Monday that it has finished a $360 million funding round, which was led by SoftBank Group Corp s Vision Fund, as more people resort to the app to work out at home amid the COVID-19 pandemic.
Other investors also include Hillhouse Capital, Tencent Holdings Ltd, Coatue Management, GGV Capital and Bertelsmann Asia Investments.
Keep is now valued at about $2 billion after the investment, according to tech media 36Kr, but the popular workout app declined to comment on the valuation.
Founded in 2014, Keep now has about 300 million registered users who turn to the app for customized exercise sessions and instruction. The company also sells fitness equipment such as treadmills and home exercise bicycles as well as weight-conscious snacks.
Analysis: New blank-check firms arm up for Asian unicorn hunt
A new fundraising frenzy that swept Wall Street this year looks set to take hold in Asia with more than a dozen special purpose acquisition companies, or SPACs, on the hunt for fast-growing technology firms that are ready to go public.
SPACs are exchange-listed shell companies that raise money through initial public offerings (IPOs) and merge with firms by enticing them with shorter listing timelines. Such structures have raised a record total of more than $70 billion in the United States this year, making them one of the hottest Wall Street investment trends of 2020.