The Weekly Notable Startup Funding Report: 8/12/19

… Cockroach Labs has now raised a total of $108.5M in reported equity funding and is backed by investors that include GV, Index Ventures, Redpoint, …

Tagged With: Alex Chung, Balderton Capital, Ben Darnell, Bessemer Venture Partners, Bisk Ventures, Calin SJG Fund, Canaan Partners, Casa Verde Capital, Cisco Investments, Coatue Management, Cockroach Labs, CRV, Cybereason, Dadi, Donghao Li, Dwayne Lafleur, Eleanor Cooper, Emerge, Ezoic, Firstminute Capital, FundersClub, GV, Heritas Capital Management, Human Interest, Index Ventures, K2VC, Kurt Rathmann, LeafLink, Lerer Hippeau, Lior Div, Liran Haimovitch, Lockheed Martin, Muse Capital, Nat Friedman, Nat Turner, New Amsterdam Capital, New Ground Ventures, Next Coast Ventures, Or Weis, Oriza Ventures, Pathstream, Paul Sawaya, Peter Mattis, Phyto Partners, Raymond Colletti, Redpoint, Rethink Education, Roger Lee, Rookout, Ryan Smith, Sageview Capital, ScaleFactor, Sequoia Capital, SoftBank, Soma Capital, Spark Capital, Spencer Kimball, Susa Ventures, TCG Capital, TDM Partners, TechStars, Tekton Ventures, Third Kind Venture Capital, Thrive Capital, Tiger Global Management, TLV Partners, Tom Smith, Tripalink, Tuesday Capital, UpHonest Capital, Y Combinator, Yonatan Amit, Yossi Naar, Zach Silverman

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SoftBank Group (OTCMKTS:SFTBY) Receives Daily Media Sentiment Rating of 2.89

News headlines about SoftBank Group (OTCMKTS:SFTBY) have trended positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm …

SoftBank Group logoNews headlines about SoftBank Group (OTCMKTS:SFTBY) have trended positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. SoftBank Group earned a media sentiment score of 2.89 on their scale. InfoTrie also gave media stories about the technology company an news buzz score of 5 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have effected SoftBank Group’s ranking:

Separately, ValuEngine downgraded shares of SoftBank Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st.

SoftBank Group stock traded down $0.80 during mid-day trading on Friday, reaching $23.53. 746,798 shares of the company’s stock traded hands, compared to its average volume of 1,276,185. SoftBank Group has a 12-month low of $15.54 and a 12-month high of $28.04. The stock has a market capitalization of $106.03 billion, a P/E ratio of 8.29 and a beta of 1.62. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.01 and a current ratio of 1.06. The firm’s 50 day moving average price is $34.22.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.28) EPS for the quarter. The company had revenue of $22.10 billion during the quarter. SoftBank Group had a return on equity of 17.93% and a net margin of 14.59%. As a group, sell-side analysts forecast that SoftBank Group will post 6.01 earnings per share for the current year.

SoftBank Group Company Profile

SoftBank Group Corp., together with its subsidiaries, operates in the information industry in Japan and internationally. The company operates through six segments: Domestic Telecommunications, Sprint, Yahoo Japan, Distribution, ARM, and SoftBank Vision Fund and Delta Fund. The Domestic Telecommunications segment provides mobile communications and broadband services; and telecom services, such as data communications and fixed-line telephone services to corporate customers, as well as sells mobile devices.

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Insider Buying and Selling by Quarter for SoftBank Group (OTCMKTS:SFTBY)

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Indian social commerce startup Meesho in talks to raise $200m from SoftBank

GlowRoad raised $10 million in April in a round led by China’s CDH along with participation from existing investor Accel Partners. That said, Meesho …

Social commerce platform Meesho is in discussions to raise $150-200 million, said four people familiar with the matter, requesting anonymity.

Two of the people cited above said the firm is in talks with Japan’s SoftBank to lead the round. Existing investors are also expected to take part in the fundraising, they added.

“Meesho has emerged as a market leader in its sector,” said one of the four people cited above, requesting anonymity. “This is one of the reasons why SoftBank is evaluating an investment in the company.”

“The talks are at an early stage,” said the second person cited above.

In June, Bengaluru-based Meesho raised funds from social media giant Facebook as part of the ongoing round.

While SoftBank declined to comment for the story, Meesho denied any such discussions.

Founded in 2015 by IIT-Delhi batchmates Vidit Aatrey and Sanjeev Barnwal, Meesho is a platform that connects manufacturers with re-sellers, who eventually sell these products to users through social media platforms such as WhatsApp and Facebook.

Meesho offers services such as payments and logistics to these re-sellers which enables ease of transactions and sales.

In the last four years, Meesho has grown to 15,000 suppliers and two million re-sellers across India, said Aatrey in June.

If the latest investment into Meesho takes place, it will also mark SoftBank’s foray into signing relatively smaller cheques and venturing early into companies as opposed to its prior big-cheque bets on Paytm, Flipkart, Ola and Oyo. Mint reported on 4 June that SoftBank is revising its India-strategy and is scouting for smaller deals.

Other companies in this space include Mumbai-based Shop101 and Bengaluru-based GlowRoad. Shop101 last raised $11 million from Kalaari Capital and Unilever Ventures in December. GlowRoad raised $10 million in April in a round led by China’s CDH along with participation from existing investor Accel Partners.

That said, Meesho has emerged as a market leader in the social commerce sector, which has perhaps prompted SoftBank to look at this company, say industry experts.

Investor interest in Meesho reflects a larger trend of investment firms wanting to invest in the social commerce space, which aims at primarily providing an online shopping experience of unbranded products and targeting users in Tier II markets and beyond.

Social commerce companies are the second wave of e-commerce companies in India after Flipkart and Amazon, but the primary target audience for social commerce firms are small-town users.

“Different models of social commerce are emerging and are able to target the next wave of internet users,” said an investor tracking the space, requesting anonymity. “It is difficult for companies such as Amazon and Flipkart to get into this mostly unbranded sector — which is why investors are interested in betting on social commerce companies.”

Meesho has raised close to $100 million so far, with $50 million poured into the firm in November from new investors including Shunwei Capital, DST Partners and RPS Ventures. Other investors in the company include Sequoia India and SAIF Partners. At that time, Meesho was said to be valued at $200-250 million.

M Sriram from Mumbai contributed to this story.

This article was first published on livemint.com.

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Meesho looks to raise $200 million from SoftBank

BENGALURU: Social commerce platform Meesho is in discussions to raise $150-200 million, said four people familiar with the matter, requesting …

BENGALURU: Social commerce platform Meesho is in discussions to raise $150-200 million, said four people familiar with the matter, requesting anonymity.

Two of the people cited above said the firm is in talks with Japan’s SoftBank to lead the round. Existing investors are also expected to take part in the fundraising, they added.

“Meesho has emerged as a market leader in its sector,” said one of the four people cited above, requesting anonymity. “This is one of the reasons why SoftBank is evaluating an investment in the company.”

“The talks are at an early stage,” said the second person cited above.

In June, Bengaluru-based Meesho raised funds from social media giant Facebook as part of the ongoing round.

While SoftBank declined to comment for the story, Meesho denied any such discussions.

Founded in 2015 by IIT-Delhi batchmates Vidit Aatrey and Sanjeev Barnwal, Meesho is a platform that connects manufacturers with re-sellers, who eventually sell these products to users through social media platforms such as WhatsApp and Facebook.

Meesho offers services such as payments and logistics to these re-sellers which enables ease of transactions and sales.

In the last four years, Meesho has grown to 15,000 suppliers and two million re-sellers across India, said Aatrey in June.

If the latest investment into Meesho takes place, it will also mark SoftBank’s foray into signing relatively smaller cheques and venturing early into companies as opposed to its prior big-cheque bets on Paytm, Flipkart, Ola and Oyo. Mint reported on 4 June that SoftBank is revising its India-strategy and is scouting for smaller deals.

Other companies in this space include Mumbai-based Shop101 and Bengaluru-based GlowRoad. Shop101 last raised $11 million from Kalaari Capital and Unilever Ventures in December. GlowRoad raised $10 million in April in a round led by China’s CDH along with participation from existing investor Accel Partners.

That said, Meesho has emerged as a market leader in the social commerce sector, which has perhaps prompted SoftBank to look at this company, say industry experts.

Investor interest in Meesho reflects a larger trend of investment firms wanting to invest in the social commerce space, which aims at primarily providing an online shopping experience of unbranded products and targeting users in Tier II markets and beyond.

Social commerce companies are the second wave of e-commerce companies in India after Flipkart and Amazon, but the primary target audience for social commerce firms are small-town users.

“Different models of social commerce are emerging and are able to target the next wave of internet users,” said an investor tracking the space, requesting anonymity. “It is difficult for companies such as Amazon and Flipkart to get into this mostly unbranded sector — which is why investors are interested in betting on social commerce companies.”

Meesho has raised close to $100 million so far, with $50 million poured into the firm in November from new investors including Shunwei Capital, DST Partners and RPS Ventures. Other investors in the company include Sequoia India and SAIF Partners. At that time, Meesho was said to be valued at $200-250 million.

*M Sriram from Mumbai contributed to this story.

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First Trust Advisors LP Buys 9534668 Shares of Sprint Corp (NYSE:S)

Two Sigma Investments LP grew its stake in shares of Sprint by 68.0% in the 4th quarter. Two Sigma Investments LP now owns 19,783 shares of the …

Sprint logoFirst Trust Advisors LP raised its stake in shares of Sprint Corp (NYSE:S) by 267.8% in the second quarter, Holdings Channel reports. The fund owned 13,095,075 shares of the cell phone carrier’s stock after acquiring an additional 9,534,668 shares during the period. First Trust Advisors LP’s holdings in Sprint were worth $86,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Two Sigma Investments LP grew its stake in shares of Sprint by 68.0% in the 4th quarter. Two Sigma Investments LP now owns 19,783 shares of the cell phone carrier’s stock valued at $115,000 after buying an additional 8,006 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Sprint by 66.4% in the 1st quarter. State of Alaska Department of Revenue now owns 115,715 shares of the cell phone carrier’s stock valued at $653,000 after buying an additional 46,169 shares during the period. NuWave Investment Management LLC grew its stake in shares of Sprint by 1,200.7% in the 1st quarter. NuWave Investment Management LLC now owns 10,991 shares of the cell phone carrier’s stock valued at $62,000 after buying an additional 10,146 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Sprint in the 1st quarter valued at approximately $1,363,000. Finally, Virtu Financial LLC grew its stake in shares of Sprint by 53.7% in the 1st quarter. Virtu Financial LLC now owns 61,552 shares of the cell phone carrier’s stock valued at $348,000 after buying an additional 21,496 shares during the period. 12.88% of the stock is owned by institutional investors.

Several research firms have recently weighed in on S. UBS Group raised shares of Sprint from a “neutral” rating to a “buy” rating and increased their price target for the company from $6.50 to $10.00 in a research note on Monday, July 29th. New Street Research cut shares of Sprint from a “buy” rating to a “neutral” rating in a research report on Thursday, May 23rd. ValuEngine raised shares of Sprint from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. Raymond James cut shares of Sprint from an “outperform” rating to a “market perform” rating and set a $5.57 price objective for the company. in a research report on Monday, April 29th. Finally, Macquarie reaffirmed a “hold” rating and set a $5.50 price objective on shares of Sprint in a research report on Sunday, May 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.51.

In other Sprint news, insider Jorge Enrique Gracia sold 194,480 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $6.58, for a total transaction of $1,279,678.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Saw sold 22,866 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $6.95, for a total transaction of $158,918.70. Following the sale, the insider now owns 1,167,198 shares in the company, valued at $8,112,026.10. The disclosure for this sale can be found here. Insiders have sold a total of 287,209 shares of company stock valued at $1,863,067 in the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

NYSE:S opened at $6.81 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.06 and a quick ratio of 0.98. The business’s 50 day moving average is $7.02. Sprint Corp has a fifty-two week low of $5.44 and a fifty-two week high of $8.06.

Sprint (NYSE:S) last posted its quarterly earnings data on Friday, August 2nd. The cell phone carrier reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The firm had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.02 billion. Sprint had a negative net margin of 6.63% and a negative return on equity of 0.83%. During the same quarter last year, the company posted $0.04 EPS. As a group, equities analysts forecast that Sprint Corp will post -0.09 EPS for the current year.

Sprint Company Profile

Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.

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Want to see what other hedge funds are holding S?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprint Corp (NYSE:S).

Institutional Ownership by Quarter for Sprint (NYSE:S)

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