Naspers

Complimenting the Indian entrepreneurs as among the best in the world, a top CEO of a South African global company has said India and South Africa are at the forefront of digital transformation and jointly harnessing the power of technology. Phuti Mahanyele, CEO of Naspers South Africa, a global technology investment group, which has huge investments in India as well, was speaking at an event on Friday evening. The event organised to present awards to ten women in different fields on International Women's Day was jointly hosted by the Consulate General of India, the India Business Forum, and the Johannesburg Indian Women's Association, an organisation of spouses of Indian diplomats and expats working in South Africa, which engages in charitable projects. We believe that Indian entrepreneurs are among the best in the world, with exceptional ability to build products at scale and at value, Mahanyele said, adding that she had observed during a visit to Delhi in November last year how

Swiggy's core restaurant food delivery business, Prosus said, recorded GMV growth of 26 per cent, while Instamart -- its quick commerce vertical - grew its GMV by 459 per cent

Curbs on investment by Chinese investors a major roadblock

At present, Fisdom operates a successful mutual fund distribution platform. The broking foray comes amid a frenzy to open new accounts underpinned by the buoyancy in the market

Naspers' digital investment arm now has India exposure of $10 billion

Media reports have said Paytm, which will soon come up with its initial public offering (IPO), is also evaluating BillDesk

Swiggy's valuation is learnt to have remained largely the same level of around $3.3 billion

ElasticRun enables small store owners to leverage quiet times of the day to do local last mile deliveries

In June, Meesho raised funding from social media giant Facebook

Meesho is part of a crop of new e-commerce companies that are trying to take advantage of social connections to facilitate sales

The rising interest in India occurs as investment in China's recently booming startup sector faces a steep drop-off

Naspers is listing about a quarter of the new firm, known as NewCo for now, and retaining the rest

Africa's largest company by market value is in talks to inject about $200 million into business loan provider Capital Float and payments security firm Wimbo as a first step

Naspers favors investing in classifieds, online retail and payments businesses

Swiggy's value has risen to more than $2 billion after Cape Town-based Naspers led two previous funding rounds to become the firm's biggest shareholder

Bob van Dijk, chief executive officer of Naspers, is now betting on companies in food tech, payments, travel and other consumer sectors to tap the potential of the Indian market

Talks between the company, Naspers and Tencent are advanced, according to one of the people

The pay awards correspond with a year in which Naspers earnings increased by 41% to $1.8 billion

The South African firm had earlier invested in Delivery Hero, parent of Foodpanda

Flipkart has raised $2.4 billion in five rounds in which Naspers participated