Legislation blocks start-up investments, says Naspers SA CEO
Investments in SA’s tech start-up ecosystem remains nascent due to regulations that are not conducive to international funding, says Phuti Mahanyele-Dabengwa.
E-commerce, food delivery services bolster Naspers revenue
Naspers’s food delivery businesses nearly doubled revenue growth, while e-commerce revenue grew 69%, boosted by Tencent and Takealot Group.
Naspers’s Prosus leads R246m investment in Mexican digital bank
The early-stage venture investor makes its first investment in Mexico, leading a $15 million Series A funding round in Klar.
New York-based Digital Currency Group snaps up Luno
The SA-founded crypto exchange has been acquired by Digital Currency Group, a global enterprise that builds, buys and invests in blockchain companies.
Naspers eyes bigger market share in educational tech
The company strengthens its education tech business through expansion and investing a further combined R1 billion in two start-ups.
Naspers readies to weather COVID-19 storm with $22.1bn revenue
The company believes it is well-positioned to navigate the coronavirus uncertainty ahead after its revenue grew 23% for the year ended 31 March.
Naspers invests R100m in agritech start-up Aerobotics
Early stage business funding initiative Naspers Foundry invests in Aerobotics, founded by James Paterson and Benji Meltzer in 2014, specialising in the application of artificial intelligence in agriculture.