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PROSUS FORMERLY NASPERS
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...- Prosus buys 10% of Ixigo parent for Rs 1,296 crore; in talks to acquire additional stake from early investorsIxigo's parent company, Le Travenues Technology, is selling a 10% stake to Prosus for Rs 1,295 crore. The deal involves selling over 4.62 c...
- PayU appoints former RBI deputy governor, two others to its boardPayU has expanded its board, appointing three new directors, including former RBI deputy governor Subhash Mundra. The move strengthens its ...
- PayU’s chief investment officer Vijay Agicha quitsVijay Agicha, chief investment and transformation officer of PayU, has resigned. He may join an investment firm. His departure follows rece...
- 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...
- Expect PayU India to be IPO-ready by H2 2024: Prosus interim CEO“We are growing very well not only on payments but on the credit side too,” Ervin Tu said. In his view, the public markets in India are ver...
- Prosus & Naspers CEO Bob van Dijk steps down abruptly; Zomato hits 52-week highIt’s been a day for top-level exits. The really big one: Bob van Dijk, CEO of Dutch-listed technology investment firm Prosus and its parent...
- Byju's shareholder Prosus cites poor corporate governance for board exitInvestment firm pledges to work with other shareholders and government authorities to safeguard the long-term interests of Byju’s and its s...
- Board members quit as shareholding fell below minimum threshold: Byju’sBy Friday midnight, Peak XV Partners, Prosus and Chan Zuckerberg confirmed their exit from edtech’s board.
- MCA to conduct inspection of Byju's books"A decision to this effect (on inspection) has been taken. The government treats corporate governance as a serious issue. So, if there is a...
- OLX to slash workforce by 15%, fire at least 1,500 employeesThe company, owned by Prosus, started its business in India in 2009 and operates OLX and OLX Autos. Prosus is controlled by South Africa-ba...
- Prosus may have saved $50-$100 million in BillDesk deal breakup feeA breakup fee is a predetermined penalty that a buyer typically pays if it walks away from a transaction. A long stop date is the date by w...
- Prosus Ventures may join funding round of ex Myntra CEO’s new fashion startupYet to be launched, Virgio, maybe valued at over $150 million, launch likely later in Sept.
- AI co Detect bags $28 million funding from Prosus, othersThe Software-as-a-Service (SaaS) platform, Detect plans to utilise the funds to further expand and strengthen its sales and operations in N...
- Fashinza raises $100 million funding led by Prosus and WestbridgeThe funding is a combination of equity and debt financing, the company said. “In the past 12 months, and in the middle of a global pandemic...
- Exclusive: Neobank Jupiter raises $45 million from Brazil's Nubank, othersJitendra Gupta's Jupiter is among several Indian fintech startups—including Open, EpiFi, Razorpay and Niyo—that have entered into the nasce...
- 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...
- Urban Company raises $190 million, joins unicorn club as valuation jumps to $2 billionThe deal more than doubles the company’s valuation to $2 billion
- Meesho undertakes ESOP buyback worth $5 mnThe total worth of the latest ESOP re-purchasing programme is expected to be approximately USD 5 million, it added.
- Leeds, Prosus lead $113-million round in edtech firm EruditusWith the latest investment, the company’s valuation has jumped to over $800 million, sources said, making the executive education firm amon...
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