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Naspers

Naspers and Prosus CEO steps down, M&A chief Tu takes charge

People

18 September, 2023

Naspers and Prosus CEO steps down, M&A chief Tu takes charge

Bob van Dijk has stepped down as the long-time CEO of Dutch technology investor Prosus and its South African parent ......

Swiggy, Byju's backer Prosus splits food, edtech investment teams

People

22 August, 2023

Swiggy, Byju's backer Prosus splits food, edtech investment teams

Prosus Ventures, formerly Naspers, an early-stage and growth investor in privately held companies, has split its food delivery and edtech ......

Prosus sells PayU's global payments biz for $610 mn, to sharpen focus on India

Finance

01 August, 2023

Prosus sells PayU's global payments biz for $610 mn, to sharpen focus on India

Netherlands-based private equity player Prosus, which is a backer of multiple Indian startups including Byju's, DeHaat, Fashinza, The Good Glamm ......

Byju's plans to take Aakash public next year

TMT

05 June, 2023

Byju's plans to take Aakash public next year

Edtech decacorn Byju’s is planning to take its wholly-owned test prep unit Aakash Educational Services Ltd public by mid-next year. Byju’s, ......

PayU's LazyPay, Kissht blocked after IT Ministry's order

Finance

07 February, 2023

PayU's LazyPay, Kissht blocked after IT Ministry's order

Digital lending platforms LazyPay and Kissht were impacted by the Ministry of Electronics and Information Technology’s (MeitY) latest move banning ......

OLX Group to cut 1,500 jobs globally to reduce cost

TMT

30 January, 2023

OLX Group to cut 1,500 jobs globally to reduce cost

OLX Group, the classifieds unit of Naspers-owned internet group Prosus, is laying off 15%, or over 1,500 employees of its ......

Premium
Why Prosus backed out from a deal that would have made PayU a market leader

TMT

05 October, 2022

Why Prosus backed out from a deal that would have made PayU a market leader

By all accounts, Dutch payments major Prosus appears to have used a technicality to wriggle out of its agreement to ......

Naspers terminates deal to acquire BillDesk for $4.7 bn

Finance

03 October, 2022

Naspers terminates deal to acquire BillDesk for $4.7 bn

Naspers-owned Prosus has terminated its $4.7 billion agreement to acquire payments provider BillDesk, a month after the deal between Prosus ......

Premium
Byju's backer Prosus to invest in SaaS-based legal tech startup

TMT

15 August, 2022

Byju's backer Prosus to invest in SaaS-based legal tech startup

Prosus Ventures, which has backed unicorns like Byju’s and PharmEasy, is in discussions to invest $10 million around (Rs 79 ......

Premium
In FY22, South Africa's Prosus Ventures mostly invested in India

TMT

27 June, 2022

In FY22, South Africa's Prosus Ventures mostly invested in India

In FY22, Prosus Ventures invested a total of $900 million. Out of this, $800 million was invested in India, the ......