Naspers

Naspers shuts down Foundry: A setback for SA start-ups?

The announcement by Naspers to shut down its R1.4 billion South Africa-focused technology investment fund, Foundry, has sent shockwaves throughout the African tech start-up…

Car Subscription Startup Planet42 Raises $100 Million to Address Transport Inequality

Planet42, a South African car subscription startup, has raised $100 million in combined equity and debt funding to address transport inequality by putting cars…

Naspers invests R120 million in Joburg-based insurtech startup Naked

Naspers has announced it has invested R120 million in Johannesburg-based insurtech startup Naked in a Series A funding round. Announced on 4 August, the…

Naspers invests R34m in local insurance advice app Ctrl

Naspers has announced it will invest R34 million in startup Ctrl, a short-term insurance marketplace digital platform that connects clients, brokers, and insurers. The…

Cape Town-founded tech startup secures R42-million

Cape Town-founded mobility tech startup WhereIsMyTransport has secured R42-million in funding from Naspers. This investment forms part of R201-million funding round led by Naspers Foundry,…

SA tech startup Aerobotics raises $17-million

SA aerial-data analytics startup Aerobotics has received a whopping $17-million in an oversubscribed Series B round led by tech giant, Naspers with participation from Platform Investment Partners, FMO: Entrepreneurial…

Local edtech startup secures R45-million

The Student Hub, a South African edtech that provides online courses in a range of in-demand skills to assist in bridging the gap between…

Naspers Foundry to invest R100m in SA’s Aerobotics

Tech giant Naspers has announced today that it will invest R100-million in SA aerial-data analytics startup Aerobotics, through its early-stage business funding initiative Naspers…

Covid-19 and African tech startups roundup [18/05/2020]

SA agritech startup Agrigate One is hoping its seamless trading platform can help farmers reach the market during the pandemic. This, as Indian food…

Covid-19 and African tech startups roundup [31/03/2020] [Updated]

UPDATE (31 March): The roundup has been updated to include that the Oppenheimer family have set up a new trust, the SA Future Trust…

Naspers Foundry calls on VC firms to help co-invest in SA tech startups

Naspers has called on venture capital (VC) firms to approach the tech company to co-invest with its over R1.4-billion startup funding initiative Naspers Foundry….

Naspers’ $2.3bn in Indian firms since 2011 dwarfs SA tech investments [Updated]

UPDATE (12 August 2019): Naspers announced in a press release today that it had taken part as lead investor in a $125-million fundraise in Indian…

Naspers Foundry announces its first investment, with R30m in SweepSouth

UPDATE (20 December 2019: SweepSouth co-founder Aisha Pandor confirmed with Ventureburn today that the R30-million was part of an investment round which the startup…

Do you want to treat Naspers like a small family business? [Opinion]

(In response to former Pricecheck CEO Andre de Wet’s opinion piece earlier this week, Johann van Tonder — who once served as Naspers Labs head — argues…

The silent Naspers coup: how Koos Bekker gave away the family jewels [Opinion]

This article needs to be written before it’s too late (it might be). It needs to be written and attention drawn to the below…

How Naspers could help find SA’s next great tech startups [Opinion]

Former Naspers CEO Koos Bekker has always been vocal about the lack of good tech entrepreneurs in South Africa. It’s a statement that makes…

Naspers to launch R1.4bn fund to back SA tech startups

SA investor Naspers has announced that it plans to next year launch a R1.4-billion (about $96-million) startup fund to boost the SA tech firms. The initiative…

Startups should tackle real problems, not ‘stupid stuff’ says Michael Jordaan

South African venture capitalist Michael Jordaan says South African startups should focus on helping solve some of the country’s many social and economic problems,…

Naspers invests $80m in Indian startup

Internet and media group Naspers announced this week that it had invested $80-million in online food ordering and delivery platform Swiggy in its Series-E funding…

‘It makes all the sense in the world’ — former PriceCheck CEO on Naspers sale

Last week emerging markets media and internet giant Naspers sold its award-winning South African price comparison site PriceCheck back to original founder Kevin Tucker…

Original founder Kevin Tucker, Silvertree buy PriceCheck from Naspers [Update]

VC firm Silvertree Internet Holdings and original PriceCheck founder Kevin Tucker have acquired South Africa’s price comparison platform, PriceCheck from global media giant Naspers…

Naspers pumps $25m into Israeli analytics startup SimilarWeb

Naspers is having a busy year. Besides all its ecommerce plays that stretch from Lagos to Cape Town and Bangalore, the JSE-listed company started…

Bitcoin startup BitX raises $4m from Naspers

Emerging market bitcoin exchange startup BitX has just raised a nice fat US$4-million in Series A from PayU — a subsidiary of media and…

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