Naspers

Naspers

Naspers is a multinational media and internet group founded in 1915.

Naspers is a broad-based multinational internet and media group headquartered in South Africa, offering services in more than 130 countries. Its principal operations are in internet communication, entertainment, gaming and e-commerce. It was founded in 1915 in South Africa by Jannie Marais of Coetsenburg and W.A. Hofmeyr with the support of Jan Christiaan Smuts, Louis Botha and National Party founding president J.B.M. Hertzog. Naspers made an early investment, US$32 million in 2001, in Chinese internet company Tencent which turned out to be extraordinarily successful; as of 2018, Naspers has an approximately 31% stake in Tencent, and is, by far, the largest shareholder of Tencent stock. Its investment in Tencent also appears to be the main driver of the value of its own stock, and has since overshadowed the operational aspects of the Naspers business. It has also made less notable investments in other technology companies. In December 2018, Naspers invested $1 billion in India's foodtech giant Swiggy.

Timeline

December 2018

In December 2018, Naspers invested $1 billion in India's foodtech giant Swiggy.

2001

Naspers made an early investment, US$32 million in 2001, in Chinese internet company Tencent which turned out to be extraordinarily successful; as of 2018, Naspers has an approximately 31% stake in Tencent, and is, by far, the largest shareholder of Tencent stock.

Funded Companies

Company
Description
Industry
Website
Location
Swiggy

Swiggy is a food ordering and delivery company providing food service solutions for restaurants.

Codecademy is a company providing a platform based on web and mobile that teaches digital skills to users. It participated in the S11 cohort of Y Combinator.

Letgo is a company providing a website and application for buying and selling used electronics, furniture, cars, movies, books, fashion, real estate and services.

Quickride is a company in the automotive industry.

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People

Name
Role
LinkedIn

Basil (Vasili) Sgourdos

Group Chief Financial Officer

Bob van Dijk

Group Chief Executive Officer

Koos Bekker

Chairman

Further reading

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News

Title
Author
Date
Publisher
Description
Peerzada Abrar
February 19, 2020
@bsindia
Swiggys valuation is learnt to have remained largely the same level of around $3.3 billion
Reuters Editorial
November 22, 2019
IN
South African e-commerce giant Naspers reported a 48% slump in half-year profit on Friday, at the better end of its guidance range after a previously-flagged drop in gains on investments at China's Tencent.
Connie Loizos
October 3, 2019
TechCrunch
Naspers, a South African internet company that has become a major investor in a wide range of digital commerce companies, has in recent years drawn comparisons to the Japanese conglomerate SoftBank. For one thing, Naspers, like SoftBank, is very global in nature, with investments in more than 90 countries. Naspers, like SoftBank, doesn't shy from [...]
Michael J. de la Merced
September 11, 2019
www.nytimes.com
Naspers spun off a consumer internet unit, Prosus, for a listing in Amsterdam that made it the biggest European company of its type.
Jon Russell
July 5, 2019
TechCrunch
PayU, the Naspers owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in Singapore-based Red Dot Payment. Naspers is best known for its payments and fintech business in markets like India, Latin America, Africa and Eastern Europe, but [...]
Tiisetso Motsoeneng
March 25, 2019
U.S.
Tencent shareholder Naspers plans to float a portion of its e-commerce ventures on Euronext in Amsterdam, a move South Africa's biggest company said on Monday will create a $140 billion European internet giant.
Ka Kay Lum
Invalid Date
DealStreetAsia
Naspers' e-commerce ventures include stakes in China's Tencent Holdings, Russia's mail.ru, India's Swiggy and others.
Reuters Editorial
Invalid Date
U.S.
Africa's biggest pay-TV group MultiChoice debuted on the Johannesburg Stock Exchange on Wednesday with shares opening at 95.50 rand, giving the company a market capitalization of 42 billion rand ($3.03 billion).
David Riggs
Invalid Date
TechCrunch
TechCrunch - Reporting on the business of technology, startups, venture capital funding, and Silicon Valley
Jon Russell
Invalid Date
TechCrunch
Naspers, the South African investment giant, is back at it again in India! Days after backing educational startup Byju's by leading a $540 million investment, it has led a $1 billion investment in food delivery company Swiggy. The new round sees Chinese internet and Naspers ally Tencent join ...
ED CROPLEY
November 5, 2018
nytimes.com
As the global investment spotlight illuminated Riyadh last month, Naspers unveiled plans to pour $315 million into South African tech start-ups.

References

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