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Garland Marsella 2018-10-29

Naspers announced a $100 million Naspers Foundry fund to support South African tech startups.

This is part of a $300 million (1.4 billion rand) commitment by the South African media and investment company to support South Africa’s tech sector overall.

Naspers Foundry will launch in 2019.

The initiatives lend more weight to Naspers’ venture activities in Africa as the company has received greater attention for investments off the continent (namely Europe, India and China).

“Naspers Foundry will help talented and ambitious South African technology entrepreneurs to develop and grow their businesses,” said a company release.

“Technology innovation is transforming the world,” said Naspers chief executive Bob van Dijk.

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Alberto Mcgovern 2019-11-07

South African internet company Naspers isn’t a particularly well-known name in the startup community.

And yet, the company made an early investment in a small Chinese company called… Tencent.

Naspers still retains a 31% stake in Tencent that is valued at around $100 billion (with a B).

That’s why I’m excited to announce that Naspers CEO Bob van Dijk is joining us at TechCrunch Disrupt Berlin.

It’s hard to talk about Naspers without talking about SoftBank, another company that made an early bet on Alibaba, another small Chinese company back then.

But Naspers doesn’t want to be compared to SoftBank as it doesn’t have the same approach.

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0
David Brown 2018-05-09

Naspers, the South African tech and media conglomerate, continues to have an incredibly hot hand when it comes to global tech investment.

Famous for owning a huge chunk of the Chinese Internet powerhouse, Tencent and a big chunk of Mail.ru, Naspers just made $2.2 billion off of the sale of Flipkart to Walmart.

The South African company had an 11.18% stake in Flipkart and the sale represents an IRR of 32%, the company said.

Naspers originally backed Flipkart five years after the company’s launch in 2007 and had invested roughly $616 million into the company since that time.

Naspers said that proceeds from the sale of Flipkart would be funneled back into the company’s balance sheet to fuel the growth of the company’s own classifieds, online food delivery, and fintech businesses globally.

With Flipkart out of the portfolio, Naspers still holds a huge chunk of online tech real estate in India.

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0
Ronald Breau 2019-03-26
img

Naspers Brings SoftBank-Style Mega-Tech to Europe – Bloomberg Opinion

What happened: On Monday, South African media organization Naspers announced it will list its roughly $133 billion stake in Tencent in Europe.

The group will combine its shares in various tech businesses—which also include Indian startup Swiggy and Russian internet giant Mail.ru—to establish a new company in Amsterdam.

Existing shareholders will reportedly have access to around 25% of the new Dutch company, with the rest held by Naspers.

The new entry could be valued at more than $100 billion, becoming the largest listed internet company in Europe.

Why it’s important: Naspers has outgrown Johannesburg’s stock market, thanks to its sizable stake in Tencent, acquired in 2001.

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0
Ronald Gibson 2016-09-18

Naspers Ltd. NPSNY -0.38 % , which has transformed itself from a local publisher to a media juggernaut valued at $76.5 billion, invested $34 million in 2001 to take a stake in Tencent Holdings Ltd. TCEHY -0.83 % , now China s largest and most popular internet-service portal with nearly a billion instant-messenger active users every month and a market capitalization of $256.7 billion.

Naspers s 34% stake currently is worth more than Naspers itself.

In May, Naspers opened a venture-capital outfit in San Francisco to be closer to the tech-innovation hub of Silicon Valley and get early access to technology and internet companies it can help to scale on a global basis.

That followed a $100 million investment last year in a mobile-classifieds app called Letgo.

Craigslist is actually executed in quite a suboptimal way, said the 43-year-old, who took over as CEO in April 2014 after working on the group s e-commerce side and previously heading up eBay Inc. EBAY -0.66 % s German operations.

Naspers—which oversees more than 40 businesses, including pay television and online retail, spread across more than 130 countries—also has a 29% stake in Mail.ru Group, MLRYY -12.45 % a Russian internet company that runs two of the country s three-largest social-networking sites.

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0
Rickey Cameron 2019-10-03

Naspers, a South African internet company that has become a major investor in a wide range of digital commerce companies, has in recent years drawn comparisons to the Japanese conglomerate SoftBank.

For one thing, Naspers, like SoftBank, is very global in nature, with investments in more than 90 countries.

Naspers, like SoftBank, doesn’t shy from writing big checks, as happened a few years ago when it plugged $100 million into LetGo, a New York-based company whose app aims to make it as easy to sell something as it is to throw it away.

Naspers also goes after startups at a variety of stages with the promise that it can help them expand around the world.

Yet most meaningfully, both are largely associated with early and exceedingly lucrative investments in Chinese companies.

In SoftBank’s case, it made an early bet on the Chinese giant Alibaba, and even while it has pared its stake slightly, that holding is valued at more than $100 billion.

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0
Michelle Briggs 2016-10-03

Two groups of private equity firms are among the leading bidders for Naspers Ltd. s Polish auction site Allegro, according to people familiar with the process.CVC Capital Partners with General Atlantic and a group composed of Cinven Ltd., Permira and Mid Europa Partners submitted two of the highest bids for Allegro, said the people, who asked not to be named as the deliberations are private.

The company, which competes with EBay Inc. in Poland, could fetch about $3 billion including debt, people familiar with the talks said previously.

No final decisions have been made and the two private equity groups may not be successful.Cape Town-based Naspers is facing challenges from U.S. technology companies and weaker African currencies as the continent s biggest company by market values tries to grow its internet and pay-TV businesses.

Naspers hired Morgan Stanley to advise on a potential sale of Allegro, people familiar with the plans said in June.Representatives for Naspers, CVC, General Atlantic, Cinven, Permira and Mid Europa declined to comment.

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0
Brian Christy 2017-04-11
img

“We are super excited about this latest investment as it will allow us to continue to grow the business in a market with huge potential," said Takealot Founder and CEO Kim Reid.

"Naspers has been a wonderful supporter of our business and we are grateful for their ongoing commitment and show of confidence in both the business and the market.

This is great news for our customers and employees alike.”

Naspers is Africa's largest listed company and will take the majority shareholder in Takealot, which must still be cleared by South Africa's Competition Commission.

Naspers has significant internet investments around the world, including owning a third of China's Tencent, makers of messaging apps WeChat and QQ.

Last month Tencent acquired a 5% stake in Elon Musk's Tesla electronic motor company.

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0
Charles Glass 2017-05-13
img

The technology - and mediafokuserade investment company Naspers buys into itself in the German Delivery Hero, where Rocket Internet is a major shareholder.

Naspers enters with 387 million euros in the company corresponding to more than 3,75 billion, which values the company at over 3.1 billion dollars or 27 billion, it writes Techcrunch.

Delivery Hero was founded in 2011 by the swede Niklas Östberg, and today he is the ceo of the company.

Speculation about an ipo of the German hämtmatsbolaget have been intense and Naspers purchase in the company can testify that a note is near in time.

Ceo Niklas Östberg said in an interview with CNBC in march that the company "is ready for its listing at anytime".

Read more: Hämtmatsjätten Delivery Hero cast a glance towards the stock exchange

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0
Donald Mansour 2017-05-24
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p Prolific investment firm Naspers is making a push into bitcoin and financial services after it backed Philippines-based startup Coins.ph to the tune of $5 million.

It uses the blockchain as its underlying technology to facilitate transfers and remittances.

Naspers, meanwhile, needs little introduction: the South Africa-based firm specializes in e-commerce and consumer businesses in emerging markets across the world.

Its primary presence in Southeast Asia is via global e-commerce firm OLX, but it did put money into Singapore-based bitcoin startup BitX in 2015.

“Coins has done an excellent job of providing consumers with easy, cost-effective access to core financial services,” James Caviness, VP and CPO of Naspers’ PayU business, said in a statement.

“We expect Coins to continue to grow and expand across Southeast Asia.”

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0
ITLogistics News 2019-09-03
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September 3, 2019: Pune-based logistics and distribution startup ElasticRun is in talks to raise $50-$55 million in a funding round led by South Africa's Naspers, a global internet group and one of the largest technology investors in the world.

ElasticRun runs an asset-light, app-driven, variable capacity transportation network built using idle transportation and logistics capacities from large number of dispersed entrepreneurs.

It caters to industries across the board, including FMCG, food, manufacturing and e-commerce.

Their offerings include primary distribution, secondary distribution and last mile connectivity.

“Naspers believes that this model is the most capital efficient way to build a technology logistics network in India.

The intent for Naspers is to double down on the investment in the next six to eight months,” a source told the Economic Times.

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0
Rosalie Lee 2018-06-11

Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions.

Carousell offers a mobile app that combines listings with peer-to-peer selling across Southeast Asia, Taiwan and Hong Kong.

That makes it well-aligned with Naspers’ portfolio, which features some of the world’s largest classifieds services including OLX, which covers 45 countries, Letgo in the U.S. and Avito in Russia.

Carousell declined to respond when asked for comment.

“It is our company’s policy to neither acknowledge nor deny our involvement in any merger, acquisition or divestiture activity, nor to comment on market rumors,” Naspers told TechCrunch in a statement.

(TechCrunch broke news of the round the previous October.)

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0
Letha Byrd 2018-09-19
img

In the 20 years since Movile launched its first technology services in 1998, the technology industry in Latin America has exploded.

Technology startups have gone from being an afterthought to being at the forefront of the economic changes sweeping through the region.

And Movile’s digital marketplaces, delivery services and investment capital (powered by Naspers) have, in many ways, led the charge.

At our Latin America Startup Battlefield event, Movile chief executive officer Fabricio Bloisi will walk us through two decades of digital transformation and technology development in the region.

Earlier this year, Bloisi’s company landed a $124 million commitment led by Naspers to continue its efforts to build a pan-Latin American juggernaut providing a range of mobile marketplace services.

As we wrote earlier, Naspers’ investments in Movile (supplemented by co-investors like Innova, which participated in the most recent round) have been one of the driving forces sustaining the Brazilian startup community.

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0
Mildred Billups 2019-01-28

South African internet conglomerate Naspers is best known for backing Chinese tech giant Tencent, but it also operates a vast network on of online classifieds businesses.

That network just got a little larger after Naspers took full control of Russia-based Avito through a new $1.16 billion all-cash investment to top up its ownership to over 99 percent.

Avito is Russia’s top classifieds site, claiming 10.3 million unique daily visitors.

It currently has close to 47 million listings covering categories that include goods, auto, real estate, jobs and services.

The deal, which was made via Naspers’ OLX Group, takes its ownership to 99.6 percent on a fully diluted basis and values the full company at $3.85 billion.

While classifieds may sound like a very retro corner of e-commerce, it remains a growing business (just ask Facebook, which has been growing its own marketplace and giving it increasing exposure across its own network).

collect
0
Albert Hummel 2020-09-15
img
The fresh round comes after the company raised US$56 million from Naspers-owned OLX Group last year.
collect
0
Eric Erikson 2017-05-30
img

p Naspers has taken a bite out of yet another food delivery startup, with its commitment to lead and $80 million investment in the Indian online ordering and food delivery startup, Swiggy.

The global internet and entertainment conglomerate has invested in several online food ordering and delivery companies worldwide including the Brazilian company iFood, and in Mexico, SinDelantal.

Earlier this month, Naspers committed a whopping $425 million to the German food delivery business, Delivery Hero.

News of talks between Naspers and Swiggy were first reported in April, by the Indian financial publication the Economic Times.

By the beginning of 2016 venture investors had backed roughly 400 food delivery startups with roughly $120 million in funding, according to Bloomberg Business Week.

Luring customers with photos of tasty curries along with discounts and free delivery, they sought to disrupt the delivery networks that have existed in India since the 1890s, including Mumbai’s famously low-tech dabbawalas, who ferry 175,000 meals—some from cooks’ homes, others from central kitchens—to office workers and students daily.

collect
0
Garland Marsella 2018-10-29

Naspers announced a $100 million Naspers Foundry fund to support South African tech startups.

This is part of a $300 million (1.4 billion rand) commitment by the South African media and investment company to support South Africa’s tech sector overall.

Naspers Foundry will launch in 2019.

The initiatives lend more weight to Naspers’ venture activities in Africa as the company has received greater attention for investments off the continent (namely Europe, India and China).

“Naspers Foundry will help talented and ambitious South African technology entrepreneurs to develop and grow their businesses,” said a company release.

“Technology innovation is transforming the world,” said Naspers chief executive Bob van Dijk.

David Brown 2018-05-09

Naspers, the South African tech and media conglomerate, continues to have an incredibly hot hand when it comes to global tech investment.

Famous for owning a huge chunk of the Chinese Internet powerhouse, Tencent and a big chunk of Mail.ru, Naspers just made $2.2 billion off of the sale of Flipkart to Walmart.

The South African company had an 11.18% stake in Flipkart and the sale represents an IRR of 32%, the company said.

Naspers originally backed Flipkart five years after the company’s launch in 2007 and had invested roughly $616 million into the company since that time.

Naspers said that proceeds from the sale of Flipkart would be funneled back into the company’s balance sheet to fuel the growth of the company’s own classifieds, online food delivery, and fintech businesses globally.

With Flipkart out of the portfolio, Naspers still holds a huge chunk of online tech real estate in India.

Ronald Gibson 2016-09-18

Naspers Ltd. NPSNY -0.38 % , which has transformed itself from a local publisher to a media juggernaut valued at $76.5 billion, invested $34 million in 2001 to take a stake in Tencent Holdings Ltd. TCEHY -0.83 % , now China s largest and most popular internet-service portal with nearly a billion instant-messenger active users every month and a market capitalization of $256.7 billion.

Naspers s 34% stake currently is worth more than Naspers itself.

In May, Naspers opened a venture-capital outfit in San Francisco to be closer to the tech-innovation hub of Silicon Valley and get early access to technology and internet companies it can help to scale on a global basis.

That followed a $100 million investment last year in a mobile-classifieds app called Letgo.

Craigslist is actually executed in quite a suboptimal way, said the 43-year-old, who took over as CEO in April 2014 after working on the group s e-commerce side and previously heading up eBay Inc. EBAY -0.66 % s German operations.

Naspers—which oversees more than 40 businesses, including pay television and online retail, spread across more than 130 countries—also has a 29% stake in Mail.ru Group, MLRYY -12.45 % a Russian internet company that runs two of the country s three-largest social-networking sites.

Michelle Briggs 2016-10-03

Two groups of private equity firms are among the leading bidders for Naspers Ltd. s Polish auction site Allegro, according to people familiar with the process.CVC Capital Partners with General Atlantic and a group composed of Cinven Ltd., Permira and Mid Europa Partners submitted two of the highest bids for Allegro, said the people, who asked not to be named as the deliberations are private.

The company, which competes with EBay Inc. in Poland, could fetch about $3 billion including debt, people familiar with the talks said previously.

No final decisions have been made and the two private equity groups may not be successful.Cape Town-based Naspers is facing challenges from U.S. technology companies and weaker African currencies as the continent s biggest company by market values tries to grow its internet and pay-TV businesses.

Naspers hired Morgan Stanley to advise on a potential sale of Allegro, people familiar with the plans said in June.Representatives for Naspers, CVC, General Atlantic, Cinven, Permira and Mid Europa declined to comment.

Charles Glass 2017-05-13
img

The technology - and mediafokuserade investment company Naspers buys into itself in the German Delivery Hero, where Rocket Internet is a major shareholder.

Naspers enters with 387 million euros in the company corresponding to more than 3,75 billion, which values the company at over 3.1 billion dollars or 27 billion, it writes Techcrunch.

Delivery Hero was founded in 2011 by the swede Niklas Östberg, and today he is the ceo of the company.

Speculation about an ipo of the German hämtmatsbolaget have been intense and Naspers purchase in the company can testify that a note is near in time.

Ceo Niklas Östberg said in an interview with CNBC in march that the company "is ready for its listing at anytime".

Read more: Hämtmatsjätten Delivery Hero cast a glance towards the stock exchange

ITLogistics News 2019-09-03
img

September 3, 2019: Pune-based logistics and distribution startup ElasticRun is in talks to raise $50-$55 million in a funding round led by South Africa's Naspers, a global internet group and one of the largest technology investors in the world.

ElasticRun runs an asset-light, app-driven, variable capacity transportation network built using idle transportation and logistics capacities from large number of dispersed entrepreneurs.

It caters to industries across the board, including FMCG, food, manufacturing and e-commerce.

Their offerings include primary distribution, secondary distribution and last mile connectivity.

“Naspers believes that this model is the most capital efficient way to build a technology logistics network in India.

The intent for Naspers is to double down on the investment in the next six to eight months,” a source told the Economic Times.

Letha Byrd 2018-09-19
img

In the 20 years since Movile launched its first technology services in 1998, the technology industry in Latin America has exploded.

Technology startups have gone from being an afterthought to being at the forefront of the economic changes sweeping through the region.

And Movile’s digital marketplaces, delivery services and investment capital (powered by Naspers) have, in many ways, led the charge.

At our Latin America Startup Battlefield event, Movile chief executive officer Fabricio Bloisi will walk us through two decades of digital transformation and technology development in the region.

Earlier this year, Bloisi’s company landed a $124 million commitment led by Naspers to continue its efforts to build a pan-Latin American juggernaut providing a range of mobile marketplace services.

As we wrote earlier, Naspers’ investments in Movile (supplemented by co-investors like Innova, which participated in the most recent round) have been one of the driving forces sustaining the Brazilian startup community.

Albert Hummel 2020-09-15
img
The fresh round comes after the company raised US$56 million from Naspers-owned OLX Group last year.
Alberto Mcgovern 2019-11-07

South African internet company Naspers isn’t a particularly well-known name in the startup community.

And yet, the company made an early investment in a small Chinese company called… Tencent.

Naspers still retains a 31% stake in Tencent that is valued at around $100 billion (with a B).

That’s why I’m excited to announce that Naspers CEO Bob van Dijk is joining us at TechCrunch Disrupt Berlin.

It’s hard to talk about Naspers without talking about SoftBank, another company that made an early bet on Alibaba, another small Chinese company back then.

But Naspers doesn’t want to be compared to SoftBank as it doesn’t have the same approach.

Ronald Breau 2019-03-26
img

Naspers Brings SoftBank-Style Mega-Tech to Europe – Bloomberg Opinion

What happened: On Monday, South African media organization Naspers announced it will list its roughly $133 billion stake in Tencent in Europe.

The group will combine its shares in various tech businesses—which also include Indian startup Swiggy and Russian internet giant Mail.ru—to establish a new company in Amsterdam.

Existing shareholders will reportedly have access to around 25% of the new Dutch company, with the rest held by Naspers.

The new entry could be valued at more than $100 billion, becoming the largest listed internet company in Europe.

Why it’s important: Naspers has outgrown Johannesburg’s stock market, thanks to its sizable stake in Tencent, acquired in 2001.

Rickey Cameron 2019-10-03

Naspers, a South African internet company that has become a major investor in a wide range of digital commerce companies, has in recent years drawn comparisons to the Japanese conglomerate SoftBank.

For one thing, Naspers, like SoftBank, is very global in nature, with investments in more than 90 countries.

Naspers, like SoftBank, doesn’t shy from writing big checks, as happened a few years ago when it plugged $100 million into LetGo, a New York-based company whose app aims to make it as easy to sell something as it is to throw it away.

Naspers also goes after startups at a variety of stages with the promise that it can help them expand around the world.

Yet most meaningfully, both are largely associated with early and exceedingly lucrative investments in Chinese companies.

In SoftBank’s case, it made an early bet on the Chinese giant Alibaba, and even while it has pared its stake slightly, that holding is valued at more than $100 billion.

Brian Christy 2017-04-11
img

“We are super excited about this latest investment as it will allow us to continue to grow the business in a market with huge potential," said Takealot Founder and CEO Kim Reid.

"Naspers has been a wonderful supporter of our business and we are grateful for their ongoing commitment and show of confidence in both the business and the market.

This is great news for our customers and employees alike.”

Naspers is Africa's largest listed company and will take the majority shareholder in Takealot, which must still be cleared by South Africa's Competition Commission.

Naspers has significant internet investments around the world, including owning a third of China's Tencent, makers of messaging apps WeChat and QQ.

Last month Tencent acquired a 5% stake in Elon Musk's Tesla electronic motor company.

Donald Mansour 2017-05-24
img

p Prolific investment firm Naspers is making a push into bitcoin and financial services after it backed Philippines-based startup Coins.ph to the tune of $5 million.

It uses the blockchain as its underlying technology to facilitate transfers and remittances.

Naspers, meanwhile, needs little introduction: the South Africa-based firm specializes in e-commerce and consumer businesses in emerging markets across the world.

Its primary presence in Southeast Asia is via global e-commerce firm OLX, but it did put money into Singapore-based bitcoin startup BitX in 2015.

“Coins has done an excellent job of providing consumers with easy, cost-effective access to core financial services,” James Caviness, VP and CPO of Naspers’ PayU business, said in a statement.

“We expect Coins to continue to grow and expand across Southeast Asia.”

Rosalie Lee 2018-06-11

Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions.

Carousell offers a mobile app that combines listings with peer-to-peer selling across Southeast Asia, Taiwan and Hong Kong.

That makes it well-aligned with Naspers’ portfolio, which features some of the world’s largest classifieds services including OLX, which covers 45 countries, Letgo in the U.S. and Avito in Russia.

Carousell declined to respond when asked for comment.

“It is our company’s policy to neither acknowledge nor deny our involvement in any merger, acquisition or divestiture activity, nor to comment on market rumors,” Naspers told TechCrunch in a statement.

(TechCrunch broke news of the round the previous October.)

Mildred Billups 2019-01-28

South African internet conglomerate Naspers is best known for backing Chinese tech giant Tencent, but it also operates a vast network on of online classifieds businesses.

That network just got a little larger after Naspers took full control of Russia-based Avito through a new $1.16 billion all-cash investment to top up its ownership to over 99 percent.

Avito is Russia’s top classifieds site, claiming 10.3 million unique daily visitors.

It currently has close to 47 million listings covering categories that include goods, auto, real estate, jobs and services.

The deal, which was made via Naspers’ OLX Group, takes its ownership to 99.6 percent on a fully diluted basis and values the full company at $3.85 billion.

While classifieds may sound like a very retro corner of e-commerce, it remains a growing business (just ask Facebook, which has been growing its own marketplace and giving it increasing exposure across its own network).

Eric Erikson 2017-05-30
img

p Naspers has taken a bite out of yet another food delivery startup, with its commitment to lead and $80 million investment in the Indian online ordering and food delivery startup, Swiggy.

The global internet and entertainment conglomerate has invested in several online food ordering and delivery companies worldwide including the Brazilian company iFood, and in Mexico, SinDelantal.

Earlier this month, Naspers committed a whopping $425 million to the German food delivery business, Delivery Hero.

News of talks between Naspers and Swiggy were first reported in April, by the Indian financial publication the Economic Times.

By the beginning of 2016 venture investors had backed roughly 400 food delivery startups with roughly $120 million in funding, according to Bloomberg Business Week.

Luring customers with photos of tasty curries along with discounts and free delivery, they sought to disrupt the delivery networks that have existed in India since the 1890s, including Mumbai’s famously low-tech dabbawalas, who ferry 175,000 meals—some from cooks’ homes, others from central kitchens—to office workers and students daily.