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Lower contribution from Tencent drags Prosus' last year's profit

Others

14 June, 2023

Lower contribution from Tencent drags Prosus' last year's profit

Technology investor Prosus on Wednesday said its profit dropped significantly last year due to impairments and lower ......

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What's driving investor interest and valuation of recycling companies?

Infrastructure

05 June, 2023

What's driving investor interest and valuation of recycling companies?

Alternative investors’ interest in Indian recycling companies in segments such as plastics, e-waste, and batteries has......

PayU onboards former IndusInd exec to lead risk ops

Finance

14 February, 2023

PayU onboards former IndusInd exec to lead risk ops

Prosus-owned PayU Payments Pvt Ltd on Tuesday appointed Manish Deo as the company’s head of risk operations and anti-......

Mensa Brands snags $36 mn from TradeCred

Consumer

07 February, 2023

Mensa Brands snags $36 mn from TradeCred

Mensa Brand Technologies Pvt Ltd, which owns a clutch of direct-to-consumer companies under Mensa Brands, has raised Rs ......

Swiggy ropes in 3 independent directors on its board

Consumer

06 February, 2023

Swiggy ropes in 3 independent directors on its board

Food delivery unicorn Swiggy on Monday said it has appointed three independent directors to its board as the Softbank-......

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 ......

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Deals Digest: VC funding dips in value, small deals dominate this week

TMT

09 December, 2022

Deals Digest: VC funding dips in value, small deals dominate this week

Investments in venture capital (VC) and private equity (PE) declined 17.8% this week to $236 million from last week’s......

Brainly fires almost entire India team as growth slows

TMT

06 November, 2022

Brainly fires almost entire India team as growth slows

Prosus-backed edtech firm Brainly, an online community learning platform, is said to have fired a portion of its ......

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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 an ......

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