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NASPERS COMPETITION COMMITMENTS
Prosus wins conditional EU antitrust nod for Just Eat Takeaway dealProsus, which is majority owned by South Africa's Naspers, announced the deal in February, banking on its artificial intelligence capabilit...- Prosus 'very confident' of early EU antitrust nod for $4.7-billion Just Eat dealProsus said that it is confident of gaining early EU antitrust approval for its €4.1 billion acquisition of Just Eat Takeaway.com. The deal...
- Swiggy to lay off 380 Employees, says CEOThe food and grocery delivery company is the latest to join the swelling ranks of startups such as ShareChat, Dunzo, Rebel Foods, Hubilo, O...
- Transaction declined: why Prosus scrapped the $4.7 billion PayU-BillDesk dealIn a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled b...
- CCI seeks more info on PayU-BillDesk deal; MeitY’s draft data policyIf approved by regulators, the deal would mark the biggest consolidation in the sector, we wrote at the time. Now, sources tell us India’s ...
- Swiggy raises $1.25 billion from SoftBank, others to push non-food deliverySwiggy's latest funding round—which comes days after the Zomato IPO—pegs its valuation at $5.5 billion. CEO Sriharsha Majety says the compa...
- Taking the fight to Swiggy & Zomato, Amazon joins food delivery business in Bengaluru
- Walmart inches closer to sealing deal with FlipkartSources said all major investors in Flipkart, including SoftBank of Japan, are more or less on board with Walmart's purchase and the deal c...
- Why Amazon’s Flipkart bid is just not high enoughApart from possible scrutiny from the CCI, a bid from Amazon also comes with the risk of having to share highly competitive data during due...
- Walmart may be in pole position ahead of Amazon to buy FlipkartBoth US companies are bidding for a controlling stake in Flipkart at a valuation of about $20 billion, said the people, asking not to be id...
- Alibaba, Tencent, SoftBank corner Amazon and Uber to become the biggest allies of India’s digital entrepreneursThe moves undertaken by local and global internet players clearly indicate that the strong are getting stronger in the Indian internet ecos...
- SoftBank Vision Fund invests $2.5 billion in FlipkartWhile the company did not disclose an amount, the total investment is pegged at $2.5-2.6 billion making it the largest shareholder in the c...
- Uber brings food delivery app UberEATS to India; to compete with Zomato, SwiggyUberEATS has been launched in Mumbai with delivery service from over 200 restaurants
- Amazon CEO Jeff Bezos thanks Indian customers, promises to continue investing to beat FlipkartThe performance in India was the hallmark of the Amazon CEO's post-result comments that happened to be his first on the country's Internet ...
- Naspers in advanced talks to pick up stake in food delivery startup SwiggyNaspers, which has backed companies like Flipkart and owns about a third of travel portal MakeMyTrip, is expected to invest $50-60 million ...
- Oyo Rooms in talks to raise funds from Softbank, may enter unicorn clubThe deal will also give SoftBank — founded by Masayoshi Son — a larger role in the Indian travel market, where online penetration is much h...
- A $60 million Yatra on the cards for shareholdersOnline travel portal files for potential offer for sale of shares with US Securities and Exchange Commission which will benefit some stakeh...
- Indian internet market will take time and money to mature, too early to think about exits: Naspers CEONaspers, one of the earliest and largest investors to tap India's fledgling consumer internet sector, has made a strong comeback with back-...
- Chinese online travel major Ctrip.com International to invest Rs 1204 crore in MakeMyTripChinese online travel major Ctrip.com International has agreed to invest $180 million in India's largest online travel company, Nasdaq-list...
- Fresh fund-raising values Flipkart at $11 billion, Hong Kong-based Steadview Capital invests $180 millionThe latest deal, which when complete could bring in about $700 mn in fresh funding, values the Bengaluru based firm at about $11 bn (Rs 69,...
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