Naspers announced last week that it will invest a further US$500-million — about R7.2-billion — into US mobile classifieds platform letgo.
In this episode of the podcast, TechCentral editor Duncan McLeod interviews Naspers CEO Bob van Dijk and letgo co-founder Alex Oxenford about the investment.
The three-year-old letgo has already seen over 100 million downloads of its smartphone app, has 400 million listings on its platform, and six billion messages have been sent between its users.
Van Dijk explains in the podcast why Naspers, through its subsidiary OLX Group, decided to invest in the fast-growing letgo, what the opportunities are for the business, and the possibilities for letgo to work with other Naspers group companies.
Oxenford then talks about the origins of letgo, its growth ambitions and why it’s partnered with Naspers.
He also explains why letgo is focused, for now, on growing its US operation rather than expanding into international markets. And he talks about the machine-learning and artificial intelligence technologies that underpin the platform.
It’s a great discussion. Don’t miss it!
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