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letgo Raises $175M as Top Mobile Marketplace Nears $23B in Annual Transactions

18 January 2017

With 20M monthly active users & 45M downloads, letgo is the fastest growing mobile marketplace to buy & sell locally. Proprietary artificial intelligence & image recognition fuel explosive user growth. Series C round led by Naspers, Accel, Insight Venture Partners, New Enterprise... Read more

Markafoni announces closure

1 June 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 SOUQ.com

12 May 2017

May 12, 2017 - Amazon’s (AMZN) acquisition of SOUQ.com, 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 SOUQ.com . Read more

MakeMyTrip Limited Announces $330 Million Equity Financing

3 May 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.

11 April 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

10 April 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

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

10 April 2017

Amazon to Acquire SOUQ.com

28 March 2017

Amazon (AMZN) today announced that it has reached an agreement to acquire SOUQ.com, 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