Naspers

Showing of 1 - 20 from 43 results
Naspers - Total results - 43
Swiggy raises $43m in Series I round, funds likely to be used to expand new business; company's valuation goes past $3.65 bn
Business

Swiggy raises $43m in Series I round, funds likely to be used to expand new business; company's valuation goes past $3.65 bn

The latest fund-raising comes about 45 days after Swiggy raised $113 million led by South African internet giant Naspers, along with Hadley Harbour Master Investments and Meituan Dianping.

Facebook-backed site Meesho raises $125 million in funding raised by Naspers
News & Analysis

Facebook-backed site Meesho raises $125 million in funding raised by Naspers

The new funds will allow Mesho to expand further outside India’s major metropolitan regions.

Meesho raises $125 mn in Naspers-led funding; investment to strengthen company's aim to grow women entrepreneurs
Business

Meesho raises $125 mn in Naspers-led funding; investment to strengthen company's aim to grow women entrepreneurs

In June, Facebook had announced picking up a minority stake in Meesho, a startup that helps entrepreneurs set up online businesses via social channels.

PayU India appoints Anirban Mukherjee as new CEO; vows to take firm to next phase of growth
Business

PayU India appoints Anirban Mukherjee as new CEO; vows to take firm to next phase of growth

Anirban brings to PayU two decades of experience in global payments, credit, and digital banking gained in the US, India, and broader Asia-Pacific region.

Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains
Business

Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains

In May, Bentonville, Arkansas-based Walmart Inc acquired 77 percent stake in Flipkart for about $16 billion in its biggest acquisition till date.

Swiggy raises $1 billion in funding round, led by the internet group Naspers
News & Analysis

Swiggy raises $1 billion in funding round, led by the internet group Naspers

Naspers said in a statement it had invested $660 million in Swiggy during this latest round

Swiggy raises $1 billion in Naspers-led funding; investment lifts food delivery firm's value to over $3 billion
Business

Swiggy raises $1 billion in Naspers-led funding; investment lifts food delivery firm's value to over $3 billion

Swiggy will use the funds to hire and strengthen its technology backbone, the company said.

Naspers, Canada pension plan invest $540 mn in online education startup Byju's; funding to drive innovation
Business

Naspers, Canada pension plan invest $540 mn in online education startup Byju's; funding to drive innovation

In June this year, Byju's had said it has crossed Rs 100 crore in monthly revenue and had revised its revenue targets for this year to Rs 1,400 crore.

BYJU'S to close $400 million funding round led by Naspers, company to be valued at about $3.6 billion
Business

BYJU'S to close $400 million funding round led by Naspers, company to be valued at about $3.6 billion

In June this year, BYJU'S had said it has crossed Rs 100 crore in monthly revenue and had revised its revenue targets for this year to Rs 1,400 crore.

Walmart-Flipkart deal: Income Tax Department issues notices to Sachin and Binny Bansal on capital gains
Business

Walmart-Flipkart deal: Income Tax Department issues notices to Sachin and Binny Bansal on capital gains

The deal, wherein co-founder Sachin Bansal and Japan's Softbank Corp Group exited, valued Flipkart at $20.8 billion.

Ola in talks with Naspers for fresh funding; cab-hailing major may see its valuation go up to $7-8 billion
Business

Ola in talks with Naspers for fresh funding; cab-hailing major may see its valuation go up to $7-8 billion

Ola is also in talks with Singapore's Temasek Holdings Pvt. Ltd and two other funds to raise $1 billion capital

Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officials
Business

Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officials

In case of the Walmart-Flipkart deal, the withholding tax pertains to the capital gains made by the shareholders of Flipkart.

China's Tencent Holdings in talks with global firms to invest in food delivery platform Swiggy
Business

China's Tencent Holdings in talks with global firms to invest in food delivery platform Swiggy

The latest investment, if finalised, will value Swiggy at $2.5-3 billion and will mark the online foods delivery platform's third fundraise this year

Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 September
Business

Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 September

Following the CCI nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act.

Standard Chartered Bank's private equity arm to buy Naspers' stake in travel firm TBO
Business

Standard Chartered Bank's private equity arm to buy Naspers' stake in travel firm TBO

TBO group has a revenue of $1 billion and employs 650 people of 26 nationalities, including 200 in research and development

Walmart-Flipkart deal: US retail giant tells I-T department it will fulfil all tax obligations on proposed $16 billion buyout
Business

Walmart-Flipkart deal: US retail giant tells I-T department it will fulfil all tax obligations on proposed $16 billion buyout

In May, the I-T department had written to Walmart, saying that the US company can seek guidance about the tax liability under Section 195 (2) of the I-T Act

SoftBank confirms selling 'entire stake' of over 20% in Flipkart to Walmart, to rake in around $4 bn from sale
Business

SoftBank confirms selling 'entire stake' of over 20% in Flipkart to Walmart, to rake in around $4 bn from sale

While SoftBank is now exiting Flipkart, it continues to be a significant investor in Flipkart's rival Paytm Mall. Reports suggest after the closure of the Flipkart deal, SoftBank could look at pumping in funds into Paytm Mall.

Walmart's 77% acquisition impact: Flipkart investors eBay, Naspers sell their stake; eBay to relaunch India operations
Business

Walmart's 77% acquisition impact: Flipkart investors eBay, Naspers sell their stake; eBay to relaunch India operations

US-based eBay on Wednesday said it plans to sell its stake in Flipkart for about $ 1.1 billion, and will relaunch eBay India focusing initially on cross border trade opportunity.

SoftBank Group's deal-making frenzy will see Japanese investor overachieve $10 billion India investment target soon
Business

SoftBank Group's deal-making frenzy will see Japanese investor overachieve $10 billion India investment target soon

Japanese's SoftBank is reportedly set to overachieve on its 2014 commitment to invest $10 billion in 10 years in India’s IT and communications space

Ola to invest $200 mn in Foodpanda after buyout; company returns to food delivery to take on UberEATS
Business

Ola to invest $200 mn in Foodpanda after buyout; company returns to food delivery to take on UberEATS

The deal marks Ola’s return to the food delivery business, which it exited in 2016,