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Posts Tagged ‘ Naspers Ltd. ’

Competition Commission of India clears MakeMyTrip-ibibo merger

Friday, January 20, 2017 | More »

The proposed merger of online travel agencies MakeMyTrip Ltd and ibibo Group has inched closer to completion with the Competition Commission of India approving the transaction. MakeMyTrip received a letter from the anti-trust watchdog clearing the merger on Friday, the NASDAQ-listed company said in ...


Flipkart, Amazon drop $1 bn Souq acquisition bid: Report

US-based Amazon.com Inc and Indian online retailer Flipkart have dropped a bid to acquire Middle East-based horizontal e-commerce venture Souq.com due to a disagreement over price, Bloomberg reported on Wednesday. Souq.com has now reached out to Dubai-based mall company Majid Al Futtaim, the report ...

18 January, 2017 | More »


Internet firm Naspers sets up India office for investments, M&As

South African media and internet conglomerate Naspers Ltd has hired Ashutosh Sharma from venture capital firm Norwest Venture Partners (NVP) to head its investment arm in India. Sharma has been appointed as India head –  investments and M&A at Naspers Ventures, according to his LinkedIn p...

14 November, 2016 | More »


Naspers: Master of consolidation in Indian Internet business

Consolidation is not an unfamiliar word for new-age Internet businesses. It signals a maturing of the industry after a burst of innovation backed by venture capital money. If the roughly decade-old history of Indian Internet industry is scanned, the real take-off with consumer adoption started only ...

20 October, 2016 | More »


Online payments firm PayU to buy rival Citrus Pay for $130 mn

Online payments company PayU, owned by South African Internet conglomerate Naspers, has agreed to buy Mumbai-based rival Citrus Pay for $130 million (Rs 865 crore) in one of the largest takeover deals in India’s nascent but rapidly growing fintech sector. The deal will increase PayU’s India cust...

14 September, 2016 | More »


Naspers set to acquire Citrus Pay for up to $180 mn

South African media and Internet conglomerate Naspers Ltd is set to acquire Mumbai-based online payments company Citrus Payments Solutions Pvt. Ltd in an all-cash deal, at least two media reports said. The deal size could be between Rs 1,000 crore and Rs 1,200 crore ($150-180 million), according to ...

8 August, 2016 | More »


UAE’s e-com venture Souq raises record $275M from Tiger Global, Naspers & others

Middle East-based horizontal e-com venture Souq.com has completed a funding round worth more than $275 million in what is termed as the largest financing of an e-commerce business in the Middle East region. Investors in this round include New York-based Tiger Global Management and South Africa’s N...

1 March, 2016 | More »

Naspers to pump in $250M more in Indian online travel services unit Ibibo

Online travel services provider ibibo Group today said Internet and media firm Naspers, the principal share owner in the company, will invest another USD 250 million (around Rs 1,715 crore) in the group. The investment will be focused on extending ibibo’s presence in the Indian hotels category...

24 February, 2016 | More »


Naspers to get control of Russian online classifieds property Avito for $1.2B

South Africa’s Naspers has inked a deal to buy a majority stake in Russian online classifieds platform Avito in a transaction that provides first exit for Swedish investor Kinnevik from its fairly aggressive bet on internet businesses around the world. Naspers already owns 17.4 per cent in Avi...

23 October, 2015 | More »


Naspers takes redBus global; launches bus ticketing service in Singapore, Malaysia

Online travel group ibibo, part of South African media conglomerate Naspers Ltd, is taking its bus ticketing service redBus to overseas shores by launching operations in Singapore and Malaysia. redBus would enable travelers to book bus tickets between the two South-East Asian countries in addition t...

27 July, 2015 | More »

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