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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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Globalbees in Talks to Raise over $100 Million

12/07/2021 | 08:02am EST

Globalbees Brands Private Limited is in talks to raise fresh capital in the range of over $100 million at a valuation of more than $1billion in around led by FirstCry, people aware of the development told BusinessLine. SoftBank Group Corp. (TSE:9984), Lightspeed India, ChrysCapital, PremjiInvest among other existing investors might also be seen participating in the round. The round will likely see Japanese investment firm SoftBank make its first direct investment of around $15 million in a Thrasio-like start-up in India. Separately, SoftBank has been an active investor in FirstCry, having a stake of approximately 36-40 %. “FirstCry which owns a stake of around 51 per cent in GlobalBees, will be investing nearly $50 million in the latest round," said one of the sources. The deal is still being negotiated, and the final numbers could differ a bit, the source added. “Over the next one year, GlobalBees plans to build a portfolio of companies with an overall turnover of $100-150 million through this portfolio," the source said. When contacted a spokesperson for GlobalBees declined to comment on the numbers, saying in a statement: “The information shared by you is factually incorrect. As and when we have a new development, we will reach out to you". Earlier in July, three months into its launch, GlobalBees had raised $150 million in Series A round led by FirstCry and the other existing investors including Chiratae Ventures. The round was a mix of $75 million in debt and $75 million in equity funding. Separate emails sent to all the above-mentioned investors seeking comments went unanswered at the time of publishing.


© S&P Capital IQ 2021
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 119 B 53 062 M 53 062 M
Net income 2022 1 058 B 9 176 M 9 176 M
Net Debt 2022 15 202 B 132 B 132 B
P/E ratio 2022 7,63x
Yield 2022 0,92%
Capitalization 8 197 B 71 175 M 71 088 M
EV / Sales 2022 3,82x
EV / Sales 2023 3,81x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 4 795,00 JPY
Average target price 9 718,00 JPY
Spread / Average Target 103%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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