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NASPERS FINANCIAL REPORT
TCS Q4 beats expectations; UP girl makes Y Combinator historyTCS reported strong Q4 results, driven by robust performance in North America and a weak rupee. This and more in today's ETtech Top 5.- Prosus surpasses financial targets with $7.4 billion annual earningsProsus reported a 47% rise in full-year core headline earnings to $7.4 billion. The company reported 21% growth in ecommerce revenue. "We a...
- Naspers banks on ecommerce boom post pandemic for growthNaspers benefited during the lockdown as more people shifted online for shopping, food, making payments, or learning.
- Naspers-PayU, Tencent eye stake in Pine LabsWhile Pine Labs does not have a high cash burn, the additional capital raised will help it expand in the lending space.
- Meesho bags $125 million from Facebook, Naspers & othersMeesho offers solutions for discovery, logistics and payments to enable easier transactions between resellers and buyers.
- Naspers exits MakeMyTrip, leaves Ctrip largest stakeholder in portalChinese co will hold 49% in Indian travel operator; Naspers to get 5.6% in Ctrip after share swap.
- PayU India sees revenue nearly double to Rs 588 crore in FY18Firm claims 50% market share in ecommerce payments on the back of scaling ops and LazyPay launch.
- With $1 b new money and $3.3 b valuation, Swiggy turns swaggyNaspers, Tencent among investors; food delivery co sixth most-valued pvt internet firm in India.
- PayU India brings more than half the overall business of parent companyNaspers’ payments business, which gets majority of its revenues from India, valued at $5.2 billion, as per a Citi report.
- InCred plans to raise Rs 1,000 cr via equity sellingInCred focuses on lending into affordable housing, small and medium enterprises, education and consumer finance.
- Naspers bullish on food delivery, classifieds, fintech: Bob van DijkNaspers recorded a $2.2 billion exit from Flipkart, India’s largest domestic online retailer, post the latter’s acquisition by Walmart earl...
- Naspers, Meituan Dianping deliver $100 million to SwiggyThe deal is likely to have valued the four-year-old venture at about $600-650 million before the investment, according to people aware of t...
- With 47 per cent of total volume, India is gateway for PayUThis comes at a time when PayU is betting big on its India business which is set to turn profitable in the next two months, EThad reported ...
- B2B travel co Travel Boutique Online has a clutch of PE suitorsInvestment in Travel Boutique Online could potentially provide Naspers a blockbuster exit
- Naspers scouts for buyers to exit travel boutique onlineNaspers is said to have approached online travel services providers MakeMyTrip and Yatra, as well as financial investors for its stake in t...
- Naspers added $71 million to hold 16% in Flipkart"The additional interest was acquired from existing shareholders of Flipkart. Following the investment, the group holds a 16% interest in F...
- MakeMyTrip to issue shares worth $960 million for ibibo Group acquisitionIbibo will also carve out its 14% stake in PayU and 52% in Tek Travels before the transaction closes, with MakeMyTrip entitled to a payout ...
- PayU appoints Aakash Moondhra as its global CFOIn a career spanning over 20 years, Moondhra has worked with companies including, AT&T, Baring Private Equity and Bharti Group in various c...
- Naspers increases Flipkart stake to 17.7%; invests over Rs 307 crore in MayNaspers did not disclose the valuation at which it made the investment. Last year, Flipkart was valued at Rs 9,636 cr when Napsers invested...
- Flipkart valued at around $1.6 billion, says Naspers interim financial reportFlipkart, which raised $360 million (about Rs 2,250 crore) in two rounds this year, was valued at around $1.6 billion (Rs 9,900 crore) in J...
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