Naspers To Dig Deeper Into India With More TMT Investments
Naspers, one of the largest technology investors in Africa, it has been revealed, is planning to execute early-stage investments across different sectors in India covering sectors like media, technology, education, and blockchain.
Industry reports show that the Johannesburg based Naspers has already made significant investments in India. One of these investments is Swiggy, a food delivery startup. Another is Flipkart an e-commerce venture, and together with Tencent Holdings - the Chinese multinational conglomerate, it has bought the Ibibo Group - an e-commerce and travel organisation.
In may 2017, Naspers participated in a series A round of funding at Paysense, a US$3 million start-up based in Mumbai.
Naspers also has a claim of ownership in OLX an e-commerce platform that is in stiff competition with Quikr in India.
Naspers nursed plans to develop a Ventures Capital (VC) company I November 2018 with the aim of expanding its investment tentacles in India.
Naspers CEO, Bob Van Dijk suggested the shares it has in WeChat, which it considers among the most successful of its investments, will be channelled to the Indian market.