The billion-dollar startups are ‘against the back’ by SoftBank boss


The billion-dollar startups are backed by the boss SoftBank - Photo 1.

ByteDance, China

Valuation: 75 billion USD

Founded in 2012, Bytedance (owns the TikTok app) is now one of the leading Internet companies in China. In October 2018, Bytedance announced the completion of a $ 3 billion funding round from SoftBank and a number of other investors, helping the company be valued at $ 75 billion. From that time until now, Bytedance is the most valuable startup in the world. (Image: Getty Images)

The billion-dollar startups are backed by the boss SoftBank - Photo 2.

Uber, USA

Market capitalization: $ 59.4 billion

Uber – a company that has held the position of the most valuable startup in the world for a long time – is one of the businesses invested by SoftBank’s Vision Fund. However, over time, Uber has faced many difficulties when its business is unprofitable, having to lay off a lot of employees because of the Covid-19 pandemic. (Image: Bloomberg)

The billion-dollar startups are backed by the boss SoftBank - Photo 3.

Didi Chuxing, China

Valuation: 57.6 billion USD

Uber’s rival, Didi Chuxing, was founded in 2012. Didi Chuxing’s operations spread across hundreds of cities in China, including taxi-hailing, personal-car hire and many other utilities. (Image: CNN)

The billion-dollar startups are backed by the boss SoftBank - Photo 4.

Paytm, India

Valuation: $ 16 billion

In the latest funding round revealed at the end of 2019, the electronic payment platform Paytm announced to raise $ 1 billion from SoftBank, Ant Financial, Discovery Capital and a number of other investors. This round of funding also helped Paytm be valued at $ 16 billion, becoming the most valuable startup in India. (Image: Bloomberg)

The billion-dollar startups are backed by the boss SoftBank - Photo 5.

Grab, Singapore

Valuation: 14.3 billion USD

Southeast Asia’s most valuable ride-hailing app was founded in 2012 in Malaysia by Anthony Tan and Hooi Ling with the original name MyTeksi. In 2014, GrabTaxi moved its headquarters to Singapore. In early 2016, the company changed its name to Grab. In addition to the taxi service, the company has expanded to other services from private car hire, motorbike taxi, delivery, food delivery, mobile payment … (Photo: Bloomberg)

The billion-dollar startups are backed by the boss SoftBank - Photo 6.

DoorDash, USA

Valuation: 13 billion USD

DoorDash is a food delivery company established in 2013 in the United States. Last May, DoorDash announced that it successfully raised $ 600 million, valuing the company at $ 12.6 billion. By November of the same year, this unicorn was poured an additional 100 million USD, raising the valuation to nearly 13 billion USD. (Image: Bloomberg)

The billion-dollar startups are backed by the boss SoftBank - Photo 7.

OYO, India

Valuation: $ 10 billion

The OYO hotel chain was born in 2013. The mode of operation of the company is to cooperate with non-branded hotels to improve room quality, staff training, and branding for this hotel by the name OYO , and enjoy a percentage of the revenue of participating hotels. As early as 2020, the startup announced the layoffs of thousands of employees in India and China. (Image: Bloomberg)

The billion-dollar startups are backed by the boss SoftBank - Photo 8.

Coupang, South Korea

Valuation: 9 billion USD

Coupang was born in 2010, is the largest online retailer in Korea, such as “Amazon of the land of kimchi”. In 2015, SoftBank invested in Coupang $ 1 billion, valuing the business at $ 5 billion. By the end of 2018, the startup continued to successfully raise $ 2 billion from Masayoshi Son’s investment fund, raising its valuation to $ 9 billion. (Image: Coupang)

The billion-dollar startups are backed by the boss SoftBank - Photo 9.

Tokopedia, Indonesia

Valuation: 7 billion USD

Tokopedia is Indonesia’s largest e-commerce platform, founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison. The company is rapidly growing thanks to the trend of smart mobile use, online shopping in Indonesia. (Image: Tokopedia)

The billion-dollar startups are backed by the boss SoftBank - Photo 10.

WeWork, USA

Valuation: $ 2.9 billion

WeWork is one of the unicorns that SoftBank “fights against” using the most paper and newspapers. From a valuation of $ 47 billion at its peak, this co-working space startup is currently worth only $ 2.9 billion. In addition, WeWork co-founder and former CEO Adam Neumann also filed a lawsuit against SoftBank after the group canceled a deal to buy back his shares and other shareholders worth $ 3 billion. (Image: Bloomberg).

Linh Lam



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *