Naspers

Prosus, Naspers CEO Bob van Dijk abruptly steps down

Bob van Dijk, the chief executive of Dutch e-commerce investor Prosus and its controlling shareholder Naspers, has resigned from the top role, including the boards, with immediate effect. Ervin Tu, Pr

Prosus slashes edtech giant Byju’s valuation to $5.1 billion

Prosus, the largest non-founder shareholder in Byju’s, has drastically slashed the worth of its stake in the edtech giant, implying a starkly diminished valuation of $5.1 billion to the Indian s

Naspers shuts down Foundry, its $100M fund focused on South African startups

Naspers, Africa’s most valuable tech company by market capitalization, has wound down the operations of its R1.4 billion (≈$100 million) South Africa-focused venture capital fund Naspers Foundry,

PayU doubles down on LatAm fintech, acquires Ding and leads $46M investment in ‘superapp’ Treinta in Colombia

PayU, the fintech business controlled by Prosus with operations in 50+ countries — it’s been described as the PayPal of emerging markets — announced a double-deal today to expand its

Tiger Global is earning its stripes in Africa

You can count on one hand the number of funds bigger than Tiger Global. But in terms of influence, speed and number of investments made since 2021, Tiger has led the pack alongside Sequoia. Last year,

South Africa’s Planet42 gets $30M for its car subscription service, Mexico expansion

Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. The investment

Prosus acquires Indian payments giant BillDesk for $4.7B, will merge with its PayU fintech group

More major consolidation underway in the world of payments: Prosus — the Dutch tech giant that bundles together Naspers’ fintech, e-commerce and other international investments and busines

Naspers leads $11M investment in South African insurtech Naked

South African insurtech platform Naked has raised $11 million in a Naspers-led round. Existing investors Yellowwoods and Hollard also participated in the funding round. This comes barely two weeks aft

Naspers co-leads $14.5M extension round in mobility startup WhereIsMyTransport

Many people in emerging markets depend on informal public transport to move across cities. But while there are ride-hailing and bus-hailing applications in some of these cities, there’s a dire n

Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab

Merama, a five-month old e-commerce startup focused on Latin America, announced today that it has raised $60 million in seed and Series A funding and $100 million in debt. The money was raised “at w

Prosus classifieds group OLX shuts down Frontier Car Group’s Berlin office, OLX Autos to focus on LatAm and Asia

Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but another big used-car play is consolidating operations. TechCrunch has learned and con

Leading a $15 million round, Prosus Ventures makes the challenger bank Klar its first bet in Mexico

Klar, a new online bank based in Mexico City, has become the first big bet that Prosus Ventures (the firm formerly known as Naspers Ventures) is taking in Latin America outside of Brazil. Founded by S

Meet the final round judges who will decide the winner of this year’s Disrupt Battlefield Competition

It’s never easy, deciding which of the 20 companies that make it into the Disrupt Battlefield Competition will be anointed its winner. There’s just so much at stake each year, and at Disru

LA’s consumer goods rental service, Joymode, sells to the NYC retail investment firm, XRC Labs

After raising $15 million in financing from one of technology’s most successful global investment firms, the Los Angeles-based consumer goods rental company Joymode is selling itself to an early

JustEat Takeaway $7.6B merger approved, pair pick up $756M in new funding

On the heels of Amazon getting approval from the competition authority to proceed with an investment leading a $575 million round for food delivery startup Deliveroo in the UK, two of Deliveroo&#8217

India’s Spinny raises $43.7M to expand its online platform for selling used cars

Spinny, an online platform for selling used cars, has secured $43.7 million from a cohort of influential investors in a new financing round as it looks to expand to more Indian cities. The Series B fi

Codecademy has already outlived many rivals — is that enough?

Codecademy, the New York-based online interactive platform that offers coding classes in a wide variety of programming languages, is a little like background noise; it’s been operating reliably

India’s Swiggy raises $113M led by Prosus

Weeks after Zomato acquired Uber’s food delivery business in India, its chief local rival is bulking up some ammunition of its own. Swiggy, India’s largest food delivery startup, announced on Wedn

How Bykea is winning Pakistan’s ride-hailing and delivery market

Increasingly, the streets of Karachi and Lahore are being flooded with men riding bikes and wearing green T-shirts, a writer friend recently told me. In a sense, these men represent the emergence of P

Jumia, DHL and Alibaba will face off in African e-commerce 2.0

The business of selling consumer goods and services online is a relatively young endeavor across Africa, but e-commerce is set to boom. Over the last eight years, the sector has seen its first phase o
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