Naspers

Naspers to take complete control of Russia-based classifieds platform Avito

Pinterest hires Goldman Sachs Group and JPMorgan Chase to lead its IPO

Go-Jek announces the first close of its Series F funding round

PayU India’s CEO Amrish Rau looking to transition to Naspers’ fintech business

Spencer Neumann has joined Netflix as its chief financial officer

Square appointed Amrita Ahuja as its chief financial officer

Sequoia is selling part of its stake in BYJU’S for $185 Mn - $190 Mn

It has invested $50 Mn in company till date

BYJU'S will use fresh funds for international expansion

PayU India accounts for more than half the overall business of PayU

Naspers continues to build a broader credit platform in India

Gained a 29% return on Flipkart sale, invested an additional $79 Mn in Swiggy

The latest round of funding, which is expected to go up to $900 Mn go, may push Swiggy’s valuation to between $2.5Bn - $3 Bn

Swiggy’s upcoming funding round may include about $300 Mn worth of secondary share sales by some of its early investors

Swiggy’s earliest investors, RB Investments and Harmony Partners, will exit completely, entirely selling their cumulative 3% stake

If successful, Ola’s valuation may be the highest that an urban transportation company has been able to achieve till now

The speculation comes at a time when Sachin Bansal is also been in talks for investing in the company

Both Steadview and Bansal will be participating in the same round

Xiaomi plans to float its financial services unit as an NBFC

The company will offer consumer loans to people who purchase electronics, home appliances etc

It will also give credit to corporates for purchasing goods, merchandise etc

This deal may reportedly be the largest personal investment by an individual in India

The investment will cost 10% of Bansal’s earnings from the Walmart-Flipkart deal

With this, Bansal may make an entry into Ola as a stakeholder

Ola is currently valued at about $4 Bn

Temasek is already in the process of becoming a shareholder in Ola through a secondary deal worth over $200 Mn

Temasek has decided to complete the secondary share purchase first, said a source

Naspers will double down on its existing market in India through Swiggy, PayU India, OLX

Ecommerce platform Flipkart gave 32% annual returns to Naspers

The South Africa-based media company operates in more than 130 countries and markets

As part of the deal, ZOOZ co-founder and CEO Oren Levy and CTO Ronen Morecki will become part of PayU’s global leadership team

The companies will work together to build a comprehensive, modular, and highly flexible Payment OS platform

Following completion of the deal, ZOOZ will be wholly owned by Naspers

18 Startup Funding Took Place In The Indian Startup Ecosystem This Week [16 - 21 July 2018]