Just days after announcing it will lead a $540-million funding round in Indian online education start-up BYJU’s, Naspers said on Thursday that it will invest $660-million in Swiggy, India’s largest food delivery platform.
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Naspers will start trading on South Africa’s A2X Markets for secondary listings next week, the greatest prize yet for the upstart bourse as it seeks to challenge the JSE.
In a major coup for stock exchange upstart A2X Markets, Naspers plans to list on the new South African bourse.
JSE-listed technology investment firm Naspers said on Monday it has led a $540-million (about R7.8-billion) investment round in India’s BYJU’s.
Naspers published interim results on Friday for the six months ended 30 September 2018. TechCentral editor Duncan McLeod spoke to group CEO Bob van Dijk on various aspects of the JSE-listed media and technology giant’s latest financial report.
In the TalkCentral podcast this week, Duncan McLeod and Regardt van der Berg, both load shedded, chat about the feasibility of disconnecting oneself from the Eskom grid.
Naspers has its sights set on acquisitions as it targets “significant investments” for its $10-billion cash pile in the next couple of months, chief financial officer Basil Sgourdos said.
Netflix and other streaming video providers may be a long-term threat to MultiChoice, but the pay-television operator isn’t seeing too much of a challenge just yet, an analysis of the latest financial numbers from parent Naspers suggests.
In what is being billed as part of the largest technology venture funding ever in Latin America, Naspers and Innova Capital have agreed to invest $400-million food delivery platform iFood.
South Africa’s largest online retailer, the Naspers-controlled Takealot, is working hard to ensure its website stays up on the Black Friday sales day, which happens this year on 23 November.