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NASPERS PROFIT
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.01 Aug, 2023, 12.21 PM IST- 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...27 Jun, 2023, 03.49 PM IST
- South African tech investor Naspers' profit slumps on lower Tencent contributionNASPERS-S.Africa tech investor Naspers' profit slumps on lower Tencent contribution27 Jun, 2023, 02.31 PM IST
- 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...27 Jun, 2023, 12.11 PM IST
- 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...12 May, 2021, 07.31 PM IST
- 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.23 Nov, 2020, 06.52 PM IST
- 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...20 Feb, 2020, 07.53 AM IST
- 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...30 Aug, 2019, 11.09 AM IST
- India continues to be a big growth driver for NaspersTerming FY19 as “transformational”, the company said almost all its revenue came from online activities.22 Jun, 2019, 03.02 PM IST
- 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.26 Dec, 2018, 08.06 AM IST
- 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...24 Oct, 2018, 10.17 AM IST
- 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...10 May, 2018, 08.37 AM IST
- 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.26 Mar, 2018, 11.19 AM IST
- 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 ...30 Nov, 2017, 12.22 AM IST
- 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.21 May, 2015, 05.39 AM IST
- 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...15 Jun, 2013, 05.45 AM IST
- 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...25 Aug, 2012, 09.33 AM IST
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