Naspers plan to Invest $200 Mn in Capital Float hits Dead End

Capital Float and Naspers Ltd have called off their investment talks wherein the latter was planning to invest $200 million in the Fintech startup, according to Livemint report. Livemint claims that Sashank Rishyasringa, co-founder of Capital Float, has confirmed the news by an email. Capital Float and Naspers call off their investment talks Rishyasringa said that this…

ByGirish ShettiJune 24, 20190Comments

Funding News

Naspers Eyeing an $1 Billion Investment Push in India: Report

Nasper’s minuscule investment to pick up majority stake in Chinese tech startup Tencent in 2001 proved to be a watershed moment for the company. That watershed moment was fructified last year when Naspers sold merely 2% stake in Tencent to raise $10 Bn. At the time of stake sale Tencent was one of the most…

ByGirish ShettiMarch 14, 20190Comments

Funding News

War in Foodtech may intensify as Swiggy plans to raise Massive Funding

India’s foodtech sector is in the midst of an intense war and this is only likely to intensify further, with Swiggy and Zomato leaving no stone unturned in their slugfest. Now the latest buzz is that Swiggy is discussing with its largest investor Naspers to scoop up another fundraising round. The fundraising round is said to…

ByGirish ShettiOctober 25, 20180Comments

News

Swiggy’s largest Investor Naspers is in talks to invest in HungerBox: Report

India’s foodtech sector is suddenly buzzing with so many activities that it appears that the entire industry is going through renaissance period. Now the latest buzz is that Naspers, which is the largest stake holder in Swiggy, is in discussion to invest in corporate catering startup HungerBox. People familiar with the matter are claiming that South…

ByGirish ShettiSeptember 7, 20180Comments

News

Naspers in talks to Acquire Stake in Singapore startup Carousell: Report

Naspers in discussion to pick up stake in Carousell. South African media and internet conglomerate Naspers is in discussion to pick up stake in Singapore headquartered startup Carousell, according to people familiar with matter. Carousell offers marketplace via smartphone app and web service to Southeast Asian consumers for selling & buying second hand products. It also…

ByGirish ShettiJune 12, 20180Comments

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