Tag Archives: SoftBankBacked

Google signs solar power supply deal with SoftBank-backed SB Energy

Google signs solar power supply deal with SoftBank-backed SB Energy

Nov 1 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Tuesday it would buy about three-quarters of the renewable power from SB Energy Global’s Texas facilities, as it aims to operate data centers on carbon-free energy by 2030. Companies are rapidly shifting toward clean energy and transportation as they look to meet environmental and sustainability goals. The $430-billion Inflation Reduction Act signed by President Joe Biden signed in August also seeks to incentivise a shift to clean… Source link

Read More »

SoftBank-Backed Fintech Startup Seeks $3.5 Billion Value in IPO

SoftBank-Backed Fintech Startup Seeks .5 Billion Value in IPO

(Bloomberg) — Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the first of India’s mega-startups to debut as its digital economy booms. The startup plans to secure about $250 million in a round of financing at a $2 billion-plus valuation before a September 2021 initial public offering, co-founder Yashish Dahiya told Bloomberg News. Policybazaar is now selecting two to three IPO lead underwriters from a roster that… Source link

Read More »