SoftBank got its week off to a busy start, conducting a flurry of deals across a variety of industries and locations.
- The Japanese conglomerate led a $300 million unicorn round for Indian ecommerce startup Meesho, which develops tech to help entrepreneurs sell their products through social media platforms. Facebook, Prosus Ventures, Knollwood Investment, Shunwei Capital and Venture Highway also backed the investment. Meesho was valued at $2.1 billion with the funding.
- SoftBank also agreed to pay $2.8 billion for a 40% stake in Norwegian warehouse automation specialist AutoStore. The proposed deal would value the company at $7.7 billion, including debt, The Wall Street Journal reported. Thomas H. Lee Partners will retain its majority stake in AutoStore, which is also backed by Sweden's EQT.
- And finally, a SoftBank subsidiary led a $1.15 billion investment in Invitae, a San Francisco-based genetic testing company. The funding consists of convertible debt due in 2028. Invitae has traded on the NYSE since 2015 and currently commands a market cap of more than $7.9 billion.