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Markafoni announces closure

Jun 01 2017

Istanbul, June 1, 2017 – Markafoni today announced that it will discontinue operations and close, effective 30 June, 2017.   Since 2008, Markafoni has been an online shopping destination for Turkish consumers, specialised in clothing and fashion accessories. Despite initial success, the... Read more

Amazon Completes Acquisition of

May 12 2017

May 12, 2017 - Amazon’s (AMZN) acquisition of, an e-commerce leader in the Middle East, closed today. SOUQ was founded in 2005 and Naspers made its initial investment in the company in 2012.   For more information please see the announcement on . Read more

MakeMyTrip Limited Announces $330 Million Equity Financing

May 03 2017

Gurgaon, India and New York, 2 May 2017 – MakeMyTrip Limited (Nasdaq: MMYT) (“MakeMyTrip” or “Company”), India’s leading online travel company, today announced that it has entered into definitive share purchase agreements for a placement of its ordinary shares, which is expected to generate... Read more

Takealot, South Africa’s leading ecommerce company, attracts additional investment from Naspers.

Apr 11 2017

Cape Town, 11 April 2017 – Takealot Online (Pty) Ltd today announced a R960 million investment from Naspers. This latest investment follows earlier investments from both Tiger Global and Naspers in 2015 and underlines the continued commitment to Takealot and confidence in the potential of South... Read more

Flipkart Announces Investment Of $1.4 Billion From Consortium Of Global Blue Chip Tech Companies

Apr 10 2017

Tencent, eBay and Microsoft join Flipkart as strategic investors in largest funding round in its history Largest capital raise ever in the Indian internet sector Growth capital to extend and cement Flipkart’s position as the e-commerce leader in India Bangalore – April 10, 2017 : Flipkart... Read more

Amazon to Acquire

Mar 28 2017

Amazon (AMZN) today announced that it has reached an agreement to acquire, an e-commerce leader in the Middle East. SOUQ was founded in 2005. Naspers’ first investment in the company was in 2012. Subject to closing conditions, the acquisition is expected to close in 2017. For... Read more

ibibo-owned redBus expands into Latin America with majority stake acquisition of

Jul 13 2016

India, 11 July, 2016: IbiboGroup, India’s largest online travel company that owns properties such as,, Yourbus and ibibo Ryde has executed a binding agreement to acquire a majority stake in Peru-based bus ticketing platform Busportal (Empresa Digital Peruana S.A.C.) for an... Read more

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