naspers

South African internet giant naspers, one of the earliest investors to tap India's fledgling consumer internet sector, marginally increased its Flipkart ownership after buying shares worth $71 million in April this year.

Bob van Dijk has stepped down as the CEO of Prosus NV and its parent company naspers. Ervin Tu has been named as the interim CEO. The reason for Van Dijk's departure was not provided. Van Dijk spent a decade in the role and oversaw Prosus's successful IPO in 2019. However, he struggled to close the valuation gap between Prosus, naspers, and their biggest asset, Tencent.

naspers plans to use the capital to scale and consolidate its position in "core ecommerce segments" globally.

South Africa-based naspers group is likely to acquire a controlling stake in online bus ticketing firm RedBus, valuing it at about $100 million.

South Africa-based naspers group is likely to acquire a controlling stake in online bus ticketing firm RedBus, valuing it at about $100 million.

naspers has become one of the world’s largest investors in e-commerce ventures as it tries to build on the success of its early stage investment in Tencent - now worth $472 billion.

Africa’s largest company by market value has indicated that it intends to support a financing that could raise more than $600 million, Swiggy’s biggest to date. Tencent Holdings Ltd., the Chinese internet giant in which naspers owns a 31 percent stake, is also planning to invest in the fundraising.

South Africa’s naspers has deployed $2 billion in India’s digital ecosystem with bulk of that investment flowing in over the last few years, its chief executive Bob van Dijk said, signalling the increased capital allocation from the group since 2016 for the local market.

New Delhi, Apr 26 () South African internet firm naspers will exit online travel company MakeMyTrip by selling its entire shareholding to Chinese travel major Ctrip.com International. naspers will get a 5.6 per cent stake in Ctrip.

The deal will be the single largest investment by a Chinese internet company in an Indian one till date, exceeding Alibaba Group’s close to $1.2 billion in mobile payments company Paytm and its e-commerce unit Paytm Mall.

naspers’ payments business, which gets majority of its revenues from India, valued at $5.2 billion, as per a Citi report.

South African media giant Nasper is leading $150-million investment in online retailer Flipkart, a deal which is said to secure the company's finances for next three years.

New Delhi, June 21 () Food delivery platform Swiggy today said it has raised USD 210 million (over Rs 1,430 crore) in fresh round of funding led by naspers and DST Global.

Firm claims 50% market share in ecommerce payments on the back of scaling ops and LazyPay launch. PayU India is valued at more than $2.5 billion, based on a September Citi report which had pegged naspers’ payments business at around $5.2 billion.

Social-commerce startup Messho, where Facebook made its first startup investment in India recently, is in talks to raise another $80-100 million (Rs 553 -692 crore) from South African media giant naspers and China's Hillhouse Capital, said two sources familiar with the development.