Naspers
Naspers, Innova Capital invest $82 million more for Movile’s iFood delivery business
Naspers, a South African-based global investor and media conglomerate, has joined the private equity firm Innova Capital to funnel another $82 million into Movile — primarily to increase Movile’s stake in iFood,…
Brainly raises $14 million for its Quora-for-kids education tech
It may not be as cool as Elon Musk building a rocket ship to Mars, but every day 100 million kids ages 12 to 18 are using Brainly to ask…
Naspers invests another $775M in food take-out giant Delivery Hero
Naspers, the South African media and internet giant, has upped its stake in Delivery Hero, the Berlin based food-delivery giant that went public earlier this year and has a market cap…
Luno raises $9M to bring its bitcoin wallet, exchange and services to Europe
Luno, a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion. The…
With $53 million in new funding, Movile looks to become the Tencent of Latin America
With its Rappido subsidiary looking to become a marketplace for all sorts of online and delivery services, Movile is moving further along in its mission to become the Tencent of…
Delivery Hero’s valuation surpasses $5B following successful IPO
Delivery Hero’s valuation topped $5 billion after the food delivery firm went public in a listing on the Frankfurt stock exchange. The listing, announced earlier this month, came at a €25.50…
Naspers gobbles up another food delivery startup with $80M round for Swiggy
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,…
Naspers pours $5M into Coins, a fintech startup for Southeast Asia’s unbanked population
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. Coins is focused on offering…
Africa Roundup: Cameroon’s #BringBackOurInternet succeeds, Nigeria’s Cars45.com raises $5M
Cameroon’s #BringBackOurInternet movement achieved its demand. After 94 days of a state imposed web blackout, on April 20 the country’s government turned the net back on. The three month outage…
Naspers invests €387M in European food delivery business Delivery Hero
Continuing its massive spending spree in Europe, the global technology and media investment conglomerate, Naspers, has invested €387 million ($421.3 million) in the online food ordering and delivery business Delivery…
Kreditech raises €110M from Naspers’ PayU in strategic financing partnership
Kreditech, the German startup backed by Peter Thiel, Rakuten and the IFC that creates credit ratings and provides finance to people who may not otherwise have credit histories, has raised another round…
Naspers sells Polish eBay rival Allegro to Permira consortium for $3.3B
Earlier this year, it was reported that Naspers, the media and internet holding company, was planning to sell off Allegro, its online auction business based in Poland, and today the deal…
Movile’s Latin American delivery business, Rappido, is now picking up in Mexico
Brazil’s biggest app developer, Movile, is taking its on-demand delivery service into the Mexican market through a joint venture with Grupo ampm. The deal will cement Rappido’s position as the…
Codecademy, the free online coding school, raises another $30M led by Naspers
Codecademy, an online coding school with 16 million registered users, has built out its footprint without charging its students a penny to use it. Now, as more questions arise about how…
Africa Roundup: UPS Enters Drone Space, Uber Tests Cash, Facebook Offers Free Internet in Nigeria
More big U.S. corporate names are entering Africa’s tech space and testing new models there. UPS took its first steps in the African drone delivery space teaming up with San…
The fintech world beyond Silicon Valley and Europe: Emerging market contenders
According to a recent study by Accenture, investments in fintech hit $5.3 billion in the first quarter of this year (having grown 75 percent in 2015, exceeding $22 billion). These…
Edtech startup Udemy raises $60 million from Naspers for international expansion
The venture arm of Naspers Ltd. has invested $60 million in Udemy, an online marketplace for education. For the unfamiliar, Naspers is a Johannesburg-listed tech and media firm that operates…
Naspers Plants a Flag in U.S., with New Venture Group
Naspers, the 101-year-old, internet and entertainment group, is finally planting a flag in the U.S., establishing a Naspers Ventures unit that will operate largely out of San Francisco. The 30,000-person…
Souq, Amazon Of The Middle East, Raises $275M From Tiger And More At A $1B Valuation
E-commerce giants with ambitions to build regional Amazon rivals in emerging markets continue to rake in huge amounts of funding. Today, comes the latest development: Souq — an online marketplace that…
Argentinian E-Commerce Leader Avenida Gets $30M Series C Round From Naspers And Tiger Global
Avenida is set on cementing its leadership position Argentina’s e-commerce market after a $30 million Series C led by Naspers with participation from Tiger Global (both firms are returning investors).
Analytics Startup SimilarWeb Raises $25M At $400M Valuation, Wants To Be A Better Alexa
As the Internet matures and becomes more crowded with services and data, startups building services to make better and more accurate sense of what’s out there are seeing their stars rise.…
Naspers Buys Majority Stake In Russian Classifieds Site Avito For $1.2B
Naspers, the South Africa conglomerate that invested in China’s Tencent among others, is upping its stake in Russia-based Avito, the third largest classifieds site in the world, by way of…
Tencent Backs Mobile Jobs Startup With Its First ‘WeChat Africa’ Investment
Tencent has made its first investment in Africa under the banner of its WeChat messaging service. WeChat Africa, a joint venture between Tencent and Naspers, announced an investment in M4JAM…
Mobile App Developer Movile Doubles Down On Kids Content
Movile, the Brazilian mobile shopping and entertainment company is doubling down on its investment in kids programming and entertainment with a new $5 million investment. The move, which occurred earlier…
Tencent, Naspers JV Ibibo Buys Redbus To Grow Its Online Travel Empire In India
China’s internet giant Tencent and South Africa’s media powerhouse Naspers are doubling down on tech in India. TechCrunch has just found out that Ibibo, their domestic joint venture, has acquired…
Russia’s Avito Becomes World’s 3rd Biggest Classifieds Site After $570M Deal With Naspers
South Africa’s Naspers has agreed to merge its two Russian online classified Web site with Avito in a $570 million deal that will make Avito the world’s third biggest classified…
LiveChat Founders Buy Out Investor Naspers, Regain 60% Stake
Exclusive – The founding team of LiveChat, which delivers real-time software and web analytics solutions for e-commerce sales and support teams, has completed a management buy-out to regain control over…
Naspers values Turkish ecommerce giant markafoni at $200 million, buys 70% stake
Multimedia juggernaut Naspers has entered the Turkish internet market with a bang by acquiring approximately 70 percent of the shares of markafoni, a Turkish private shopping club, through its subsidiary…
Yes, There Are Tech Startups in Nigeria. Here Are My Favorites.
Last week I wrote about Computer Village, where many of the gadget-hounds in Lagos go to get their gadgety fix. But what about new technology being developed in the country?…
Naspers Buys Controlling Interest In Media Sharing, Social Shopping Site Multiply
The Myriad International Holdings unit of Naspers has acquired a controlling interest in social networking and shopping site operator Multiply, we’ve learned. Multiply will continue to operate under the same…