Africa’s largest company, Naspers Ltd, has hired Romain Voog, a top Airbnb and former Amazon executive to lead its global online classifieds business, according to Reuters report. The company’s online classifieds business, clubbed under OLX Group, contributes 5% to overall revenues and is the biggest among an array of businesses such as payments and fintech,…
Naspers-backed Prosus, the global consumer internet-focused investor, announced it has committed Rs 100 crore to the PM CARES Fund, the disaster relief trust set up to combat the Covid-19 pandemic. The commitment by Prosus is possibly the largest by a single risk capital investor in India so far, and comes 10 days after a number…
Edtech startup Udemy recently announced that it has raised $50mn from an existing Japanese investor Benesse Holdings, Inc. The recent investment by the investment firm was made at a valuation of $2bn. The company in a statement described this funding as a part of expansion funding. The company is planning to use these funds to…
Online food delivery startup Swiggy has raised $1 billion in a fresh round of funding led by South African multinational internet and media group Naspers, with the entry of new investors like China’s Tencent, Hillhouse Capital, and Wellington Management. Avendus Capital was the financial advisor to the transaction. According to sources, with this new round of funding…