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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 to boost ecommerce profit to $400 million for 2025 year“In fiscal year 2024, the group improved its ecommerce adjusted EBIT by more than $400 million, and our intent is to keep that pace up this...
- 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...
- Prosus agrees to sell part of PayU to Rapyd for $610 millionProsus NV plans to sell part of its emerging-markets financial technology company PayU to Israel’s Rapyd for $610 million.
- Dutch tech investor Prosus to end cross-holding with parent NaspersThe cross-holding had been set up in 2021 via a share swap deal under which Prosus issued new shares to buy a 45.4% stake in Naspers, effec...
- South African tech investor Naspers' profit slumps on lower Tencent contributionNASPERS-S.Africa tech investor Naspers' profit slumps on lower Tencent contribution
- Prosus posts $617 million ecommerce trading loss, H2 sees improvementNet profit fell to $10 billion from $18.6 billion, mostly due to a worse performance by Chinese software giant Tencent, in which Prosus own...
- SoftBank breaks profit recordsIn today's ETtech Top 5 newsletter: SoftBank has clocked the highest ever profits for a Japanese firm, eBay taps into the phenomenon that i...
- 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.
- Swiggy raises $113 million led by Naspers, valuation stays flat at $3.3 billionThe investment comes just a few weeks after rival Zomato acquired UberEats India. UberEats India has since then ceased to exist as a separa...
- SoftBank, Naspers eye Dream11 stakeThe deal could see the participation of more than one new investor. Additionally, Dream11’s existing backer Tencent is also keen to increas...
- India continues to be a big growth driver for NaspersTerming FY19 as “transformational”, the company said almost all its revenue came from online activities.
- 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.
- Naspers is said to plan further investment in $2 billion SwiggyAfrica’s largest company by market value has indicated that it intends to support a financing that could raise more than $600 million, Swig...
- Naspers scores! South African company notches Flipkart winThe move helps to line the pockets of the media and technology company, which is scouring the globe for investments to convince shareholder...
- Naspers hits the market with $10 bn from Tencent stake saleNaspers plans to use the capital to scale and consolidate its position in "core ecommerce segments" globally.
- 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 ...
- Koos Bekker’s fortune was founded on one investment in China’s TencentIn 2001 Naspers, the media group he chairs, put $32 million into a then-obscure Web company called Tencent. Its stake today is worth $66 bn.
- South Africa’s Naspers may acquire RedBus; deal values bus ticket website at $100 mnNaspers may pay a rich valuation for RedBus — almost ten times its $10-million net revenue — given that the latter is a strong leader in do...
- Cash-strapped Flipkart raises $150 millionNasper is leading $150-million investment in online retailer Flipkart, a deal which is said to secure the company's finances for next three...
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