December 26th, 2018
PayU India's revenue nearly doubled in fiscal 2018 to Rs 588 crore from Rs 306 crore the year before. It has been reported earlier this month that the Indian subsidiary of the Naspers-backed PayU accounted for more than half the overall business of the financial technology firm, based on Naspers' half-yearly report for fiscal...
December 20th, 2018
India’s largest food delivery company Swiggy has reportedly raised an amount of $1 billion in a fresh funding round. The round was led by existing backer, South African media giant Naspers.
Along with this, the new investors that participated in the round included China’s Tencent and hedge funds Hillhouse Capital and...
November 14th, 2018A Brazil based technology conglomerate known as Movile has just raised funds amounting to $400 million. This round was led by existing investors including Naspers and Innova Capital.
The funds have basically been raised for its iFood subsidiary. The company was founded by chief executive officer Fabricio Bloisi which began as a...
July 19th, 2018Naspers, a South African media and tech conglomerate acquired 51% stake in Travel Boutique Online (TBO) in 2012, which is a B2B travel distribution firm, and Standard Chartered Private Equity (SCPE) has agreed to acquire Naspers’ full stake in TBO. This deal will mark the firm’s second exit from India this year.
Standard...
May 31st, 2018The biggest acquisition in e-commerce that shook up the world-the Flipkart-Walmart is now being examined by the Income Tax departments in India where the tax body has sent queries to Flipkart-Walmart regarding the $16 Bn worth deal.
While Flipkart has responded to the details of the acquisition, Walmart's explanation is still...
May 20th, 2018After acquiring Indian e-commerce unicorn Flipkart, US giant Walmart Inc. has finally sought approval of India's Anti-Trust Regulator for its mega $16 billion acquisition.
According to a Regulatory Filing sent to Competition Commission of India (CCI), Walmart has said that its buyout of Flipkart does not result in competition concerns...
May 15th, 2018Online Food Delivery Startup Swiggy is eyeing to raise $250 million instead of $150-200 Mn as speculated earlier. This development has come into play at a time when the Bengaluru headquartered company is seeing intense investor interest that would help the firm to amp up its valuation and raise more money.
Major Technology giants such...
November 30th, 2017Japanese multinational telecommunications corporation SoftBank Group has offered to buy shares from investors and former and existing employees of Indian e-commerce website Flipkart, valuing it around $9-10 billion.
SoftBank has offered to buy Flipkart shares at $85-89 per share, Mint reported.
The price range values Flipkart...
September 26th, 2017CEO and founder of Naspers owned- OLX India business, Amarjit Singh Batra, is leaving his company and moving to a new global role within Naspers.
Based in New York City, Amarjit looked after OLX's development in India and started as the first employee back in 2008 and has worked to build the business from scratch to a 550-strong-team...
May 30th, 2017Online food delivery platform Swiggy today said it has raised USD 80 million (over Rs 517 crore) in series E funding led by global internet group and technology investor Naspers.
The funding saw participation from other existing investors Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture...
