AI startups feel war impact; Sarvam eyes unicorn clubHappy Wednesday! War-led uncertainty and a weaker rupee are beginning to impact growth plans for Indian AI startups. This and more in today...
Rapido leads India’s mobility market, says Prosus CEO Fabricio BloisiBengaluru's Rapido has emerged as India's top mobility player, according to Prosus CEO Fabricio Bloisi. The Dutch investor, increasing its ...
Prosus buys additional stake in Ixigo; Peak XV, Elevation sell sharesDutch investment firm Prosus has significantly increased its stake in Ixigo's parent company, Le Travenues Technology, by acquiring an addi...
Qcomm expands; Black Friday sales growHappy Tuesday! Flipkart and Swiggy up the quick commerce ante. This and more in today’s ETtech Morning Dispatch.
Prosus funds Mintifi, Vastu Finance; Swiggy expands BoltProsus is preparing for a ramp-up in its India IPO pipeline. This and more in today’s ETtech Top 5.
ETtech Exclusive | Closing new deals in India despite Byju's debacle: Prosus CEO Fabricio BloisiFabricio Bloisi, CEO of Prosus and Naspers, affirmed continued investment in Indian startups despite a $500 million loss from Byju's. Highl...
Amazon’s q-comm move; green shoots for IT sectorHappy Monday! Amazon wants to catch up in the quick commerce race. We have a Monday AM scoop on the latest from the US ecommerce major in t...
Delhivery slides back to losses; Prosus names new CEOLogistics startup Delhivery fell back into the red for the March quarter but managed to narrow its losses on a year-on-year basis. This and...
Shareholder nod for Swiggy’s $1.25 billion IPO; Koo halts salariesOnline food delivery major Swiggy has received shareholder approval to go public. This and more in today’s ETtech Top 5.
PayU’s global CFO Aakash Moondhra steps down“September 30, 2023 will be my last day at PayU/Prosus Fintech in the capacity of global CFO. It has been an extremely enriching and a grat...
Bob van Dijk abruptly steps down as CEO of Prosus, parent NaspersProsus has invested over $10 billion in India with a portfolio of startups such as Swiggy, Flipkart, Urban Company, Byju’s, Meesho and othe...
Naspers chairman Koos Bekker says company has no plans to sell Tencent stakeThe 26% stake in Tencent, valued at around $100 billion, forms the bulk of the value of both companies.
ETtech Recap: Five must-read stories on Byju's crisis this weekETtech brings you up to speed with all the latest developments surrounding Byju's.
Prosus cuts Byju’s valuation to $5.1 billion, writes off ZestMoney investmentProsus, earlier Naspers, owns little over 9% in Byju’s and readjusted the fair value of its investment in the firm to $493 million as of Ma...
Tencent shares slump as Prosus seen to step up sellingThe internet company’s shares dropped 5.2% to HK$357.2 in Hong Kong, the most since late January, after news that Prosus planned to deposit...
Former Nykaa CFO Arvind Agarwal to take over as chief financial officer of PayU IndiaConfirming the development, a PayU spokesperson said: “We are excited to welcome Arvind to our leadership team at this opportune time with ...
Prosus to sell 2% stake in Tencent worth $15 billionProsus, majority-owned by Naspers of South Africa, said the sale would lower its stake in Tencent to 28.9% from 30.9%.