Naspers
Indian entrepreneurs are among the best in world, says Naspers CEO
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
 "Indian entrepreneurs are among the best in world, says Naspers CEO")
Swiggy's losses jump 80% YoY and PayU business rev up 31%: Prosus
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
 "Swiggy's losses jump 80% YoY and PayU business rev up 31%: Prosus")
Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak
Curbs on investment by Chinese investors a major roadblock
 "Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak")
Naspers-backed online wealth manager Fisdom enters stock broking
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-backed online wealth manager Fisdom enters stock broking")
Prosus joins top league of global investors after India's BillDesk buy
Naspers' digital investment arm now has India exposure of $10 billion
 "Prosus joins top league of global investors after India's BillDesk buy")
Nasper-backed PayU in talks to acquire BillDesk for up to $4 billion
Media reports have said Paytm, which will soon come up with its initial public offering (IPO), is also evaluating BillDesk
 "Nasper-backed PayU in talks to acquire BillDesk for up to $4 billion")
Swiggy raises $112 mn funding led by Naspers from existing investors
Swiggy's valuation is learnt to have remained largely the same level of around $3.3 billion
 "Swiggy raises $112 mn funding led by Naspers from existing investors")
Prosus leads $40 mn funding in virtual logistics network ElasticRun
ElasticRun enables small store owners to leverage quiet times of the day to do local last mile deliveries
 "Prosus leads $40 mn funding in virtual logistics network ElasticRun")
Social commerce start-up Meesho raises $125 million led by Naspers
In June, Meesho raised funding from social media giant Facebook
 "Social commerce start-up Meesho raises $125 million led by Naspers")
Social commerce startup Meesho gets $125 mn funding from Facebook, Nasper
Meesho is part of a crop of new e-commerce companies that are trying to take advantage of social connections to facilitate sales
 "Social commerce startup Meesho gets $125 mn funding from Facebook, Nasper")
Tiger Global pumps money in Indian startups as investors line up with funds
The rising interest in India occurs as investment in China's recently booming startup sector faces a steep drop-off
 "Tiger Global pumps money in Indian startups as investors line up with funds")
Why Europe's new tech giant Naspers is 100 times more brazen than Facebook
Naspers is listing about a quarter of the new firm, known as NewCo for now, and retaining the rest
Naspers eyes $1 bn fintech deals in India; seeks to replicate China success
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 eyes $1 bn fintech deals in India; seeks to replicate China success")
Naspers plans 'significant investments' to make use of $10 bn cash pile
Naspers favors investing in classifieds, online retail and payments businesses
 "Naspers plans 'significant investments' to make use of $10 bn cash pile")
Naspers Ltd plans to increase its stake in Swiggy, to invest $2 billion
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
Flipkart a great company, but for us there's no room any more: Bob Van Dijk
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
 "Flipkart a great company, but for us there's no room any more: Bob Van Dijk")
Naspers may invest $200 mn in online food-delivery company Swiggy
Talks between the company, Naspers and Tencent are advanced, according to one of the people
 "Naspers may invest $200 mn in online food-delivery company Swiggy")
Naspers awards CEO $10.4 million
The pay awards correspond with a year in which Naspers earnings increased by 41% to $1.8 billion
 "Naspers awards CEO $10.4 million")
Swiggy gets Rs 512 crore on its platter
The South African firm had earlier invested in Delivery Hero, parent of Foodpanda
 "Swiggy gets Rs 512 crore on its platter")
Naspers scores with its operational model in India
Flipkart has raised $2.4 billion in five rounds in which Naspers participated
 "Naspers scores with its operational model in India")
