Naspers-controlled Internet investment firm Prosus is leading a $113-million (R1.7-billion) funding round in Swiggy, India’s largest food delivery platform.
Uber Technologies will sell Uber Eats in India to local rival Zomato in a $172-million deal, underscoring the ride-hailing giant’s effort to cut back on loss-making operations.
When Naspers’s Latin America chief cold-called Alec Oxenford in 2010, he got straight to the point: he wanted to buy a majority stake of the Argentinian entrepreneur’s online classifieds business.
Naspers’s biggest shareholder is considering whether to reduce its R245-billion stake in Africa’s biggest company because of concern it’s overexposed to a single stock, sources said.
Naspers will list on its consumer Internet business on Amsterdam’s Euronext exchange on 17 July, subject to market conditions, in a bid to unlock shareholder value.
Uber Technologies is in talks to sell its Uber Eats operations in India to rival Swiggy, less than two years after it entered the country’s competitive food-delivery business, according to a person familiar with the negotiations.
Naspers is planning to increase its stake in Indian online food delivery business Swiggy as the start-up plots its third fundraising round of the year, according to people familiar with the matter.