TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Google buys into African e-logistics firm Lori Systems

      17 August 2022

      A new normal is dividing the global chip industry

      17 August 2022

      MTN hires outgoing Icasa CEO Willington Ngwepe into top role

      16 August 2022

      Rain in embarrassing climbdown over Telkom statement

      16 August 2022

      Jo’burg to issue RFP for 500MW of electricity ‘within weeks’

      16 August 2022
    • World

      Chip makers are flashing a big warning for the global economy

      17 August 2022

      Semiconductor boom turns to bust

      16 August 2022

      Tencent plans to offload R400-billion Meituan stake: sources

      16 August 2022

      Ether leaps higher on verge of Merge

      16 August 2022

      Institutions eye crypto but retail investors remain nervous

      15 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Africa Data Centres
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»News»Naspers pumps R3,9bn into India’s ibibo

    Naspers pumps R3,9bn into India’s ibibo

    News By Staff Reporter25 February 2016
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    Bob van Dijk
    Bob van Dijk

    Naspers has announced it is investing a further US$250m (about R3,9bn) in Indian online travel venture ibibo Group.

    The investment will be focused on extending ibibo’s leadership position in the Indian hotels category and on additional technology innovations, the South African-listed technology and media giant said in a statement.

    Naspers CEO Bob van Dijk said in the statement: “The Indian e-commerce market, and the online travel segment in particular, offers exciting growth prospects for us as a group. With a talented, proven management team and exceptional technology, ibibo is well positioned to benefit from an increasing number of people using online travel services.”

    Ibibo processed more than 6,5m transactions in the last three months of 2015, Naspers said.

    “It is the largest online travel company in India, generating more than 2,5 times the transaction volumes of its nearest competitor. The group owns integrated online travel properties such as Goibibo.com (India’s largest hotels booking engine) and redBus.in (the number one online bus ticketing platform).”

    Both Naspers and its affiliate, China’s Tencent, in which it holds a one-third stake, are investors in ibibo Group.

    According to a report in India’s Economic Times, following this latest investment, Naspers will own a 90% stake in ibibo.

    The newspaper said Naspers and Tencent have invested between $350m and $400m in ibibo Group to date, with the bulk of the money coming from Naspers.  — (c) 2016 NewsCentral Media

    Bob van Dijk Ibibo ibibo Group Naspers Tencent
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleGordhan talks tough on Eskom
    Next Article InterneTV: another VOD player in SA

    Related Posts

    Google buys into African e-logistics firm Lori Systems

    17 August 2022

    A new normal is dividing the global chip industry

    17 August 2022

    MTN hires outgoing Icasa CEO Willington Ngwepe into top role

    16 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    HPE SimpliVity: addressing SMBs’ data conundrums

    16 August 2022

    Digital transformation – don’t get caught unprepared

    16 August 2022

    Seven reasons your business needs IP surveillance cameras

    15 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.