Naspers

Prosus expanded its India exposure during the period with a $67-million infusion into ride-hailing platform Rapido and a $222-million purchase of a 16.2% stake in travel aggregator Ixigo, deepening its position across mobility and online travel.

MC Exclusive: Prosus plans five IPOs this year; Sees India portfolio hitting $50 billion within three years: CEO Fabricio Bloisi

While Prosus stands to make gains from the IPOs, Bloisi said he wants to put more money on the table, to make India grow faster and is in no rush to sell shares.

New Prosus chief Fabricio Bloisi to explore synergies between IPO-bound Swiggy and Berlin-based Delivery Hero

Bloisi, who is currently the CEO of iFood, a Brazilian food-delivery app, said the company saved around $200 million in five-six years with the help of AI. Expertise of that nature is something IPO-bound Swiggy will look to tap into as it aims to pare losses and better its financial health.

Who is new Prosus and Naspers CEO Fabricio Bloisi?

Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO

Prosus and Naspers Group names Fabricio Bloisi as new CEO

Bloisi will take over on July 1. Ervin Tu, the interim CEO, will continue to be with the Dutch investment giant as the president and chief investment officer

Prosus and Naspers interim CEO Ervin Tu to visit India later this month

Tu is likely to visit Delhi and Bengaluru during his time in India, sources said. They however added that his plans may change slightly closer to the actual dates.

Bob van Dijk steps down as Naspers and Prosus CEO; Ervin Tu to be interim chief executive

Ervin Tu will assume the role of interim chief executive of Naspers and Prosus.

Inside DeHaat: Auditor concerns, governance lapses and fast-depleting funds

Bleak funding prospects, operational inefficiency and the pressure to grow rapidly have slowed DeHaat’s relentless march. Moneycontrol spoke to stakeholders, industry watchers, and experts to get a closer look at the troubles that are dogging the agritech ‘soonicorn’.

Competition Commission approves acquisition of BillDesk by PayU for $4.7 billion

While the detailed order by CCI is awaited, the approval was long pending for India’s second largest internet deal after Walmart’s acquisition of Flipkart in 2018.

Naspers, Prosus to sell Tencent shares to fund buybacks

The two companies said on Monday they intend to sell down their enormous stake in Chinese software giant Tencent to fund a share purchase program.

Naspers-backed PayU in race to buy BillDesk; set to be 2nd largest Indian internet deal after Walmart-Flipkart acquisition

BillDesk’s processing network is used by India's largest banks and companies from telecom, insurance, utilities, financial services, education, entertainment and e-commerce businesses. PayU is a fintech company that provides payment technology to online merchants.

India remains top investment destination for Naspers, says chief Bob van Dijk

South Africa-based Naspers has invested in Indian startups such as Swiggy and Byju's.

Naspers CEO explains why the firm wants to back Indian startups

At the WEF in Davos, Naspers Group CEO, Bob van Dijk said the tech giant will invest in Indian companies that focus on contemporary credit products

DotPe, in talks with Naspers Fintech for $5 mn, likely to get $10 mn from PayU, Fosun: Reports

Several angel investors are also likely to participate in the funding, which is expected to close in a few weeks.

Swiggy launches Daily to serve lunch, dinner

Swiggy Daily is a subscription-based service and will deliver food with order value ranging between Rs 50-150 without delivery fee.

Naspers-backed Swiggy acquires AI startup Kint.io

Founded in 2014, Kint.io applies deep learning and computer vision to object recognition in video

Swiggy's latest funding blitzkrieg bound to shake up its rivals

The company's nearest competitor Zomato recently raised $210 million from Alibaba's payment affiliate Ant Financial and is in talks for another round of funding.

Quick Take | Swiggy's $1billion funding does not mean it can win the food delivery sweepstakes

Swiggy has competition from other food delivery companies and even ride-hailing companies Uber and Ola have entered the market.

Naspers leads $1 billion round in Swiggy

Swiggy will use the funds to bring more quality food brands closer to consumers and address gaps in supply through delivery-only kitchens, under the ‘Access’ initiative for restaurant partners.

Swiggy raises $1 bn funding led by Naspers

Swiggy, in a statement said, it has executed definitive agreements for a USD 1 billion round of funding led by Naspers and saw new investors -- Tencent, Hillhouse Capital and Wellington Management Company coming on board.

Naspers, CPPIB invest $540 mn in BYJU'S

The new round of funding will drive innovation for tech-enabled learning products and also fuel plans for international market expansion for BYJU'S, a statement said.

Ola in talks with Naspers for fresh funding, valuation may double to $7-8 billion: Report

The ride-hailing company is also in talks with Singapore’s Temasek Holdings and two other funds to raise $1 billion in fresh capital, the report said

We'll see more exits in Indian startups in 2018: Signal Hill's Klaas Oskam

The Baltimore- headquartered firm has been active in India since 2012 and has conducted marquee transactions across companies such as Flipkart and South Africa's conglomerate Naspers.

Foodpanda's parent Delivery Hero raises $431.45 million from Naspers

Foodpanda runs both marketplace and the delivery business for its partner restaurants in India. It currently works with over 12,000 restaurants across 100 cities in India