Investments
67Portfolio Exits
30Funds
1Partners & Customers
2About Naspers
Naspers is a South Africa-based multinational media company with principal operations in electronic media (including pay television, internet and instant messaging subscriber platforms, and the provision of related technologies) and print media (including the publishing, distribution, and printing of magazines, newspapers, and books, and the provision of private education services).
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Research containing Naspers
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CB Insights Intelligence Analysts have mentioned Naspers in 13 CB Insights research briefs, most recently on Jan 23, 2023.
Jan 23, 2023
442 startup failure post-mortems
Latest Naspers News
Jan 31, 2023
OLX to slash workforce by 15%, fire at least 1,500 employees SECTIONS ETtech Rate Story Synopsis The company, owned by Prosus, started its business in India in 2009 and operates OLX and OLX Autos. Prosus is controlled by South Africa-based internet giant Naspers. IANSHINDI OLX app. Online marketplace OLX Group is slashing 15% of its workforce, or more than 1,500 employees, globally including in India as part of restructuring amid the global meltdown and recession fears, a Financial Express report said. The Netherlands-headquartered company has about 10,000 employees globally, according to its website. The company, owned by Prosus, started its business in India in 2009 and operates OLX and OLX Autos . Prosus is controlled by South Africa-based internet giant Naspers . OLX Autos, which was formed in 2020, is likely to be the worst hit, possibly impacting engineering and operations teams in India. A company spokesperson said "OLX is taking necessary measures to reduce its cost structure in light of changing macroeconomic conditions". "We are reducing the size of our workforce across the company. Doing so is necessary to meet future ambitions," the spokesperson added. Discover the stories of your interest DealStreet Asia reported last week that OLX group is looking to downsize its Indonesian operations and has put the auto business up for sale. In February 2021, OLX Group appointed former Star Sports President and CEO Gautam Thakar as Global CEO of its pre-owned car marketplace OLX Autos. Tech companies around the world are laying off employees. Across the sector thousands of jobs were cut to correct the over-hiring of the Covid period, and brace for, what experts call, a period of slower growth for the sector. The layoff wave has swept not only startups and mid-sized firms, but also big tech companies such as Amazon, Microsoft, and Google parent Alphabet, among others. So far, 219 tech companies have laid off 68,149 employees in 2023, according to tracking site Layoffs.fyi. In India, tech companies like Dealshare, MohallaTech , Swiggy, GoMechanic, Dunzo, Ola and Cashfree have cut their workforce in 2023. Indian edtech companies including Byju’s, Vedantu, Unacademy and Frontrow have also been slashing jobs. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Tuesday, 31 Jan, 2023 India Inc’s top-level executives including chief executives are likely to get a 9.1% average salary hike in 2023, according to Aon’s latest Executive Rewards Survey. This is a slight drop from average salary increment of 9.7% last year, when salary hikes saw a correction post-pandemic, but were higher than pre-Covid increment of 8.1% in 2019. Read More News on
Naspers Investments
67 Investments
Naspers has made 67 investments. Their latest investment was in SweepSouth as part of their Series D on September 9, 2022.
Naspers Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/26/2022 | Series D | SweepSouth | $11M | No | 7 | |
5/31/2022 | Series A | LifeCheq | $3.3M | Yes | 1 | |
5/17/2022 | Seed VC | Nile | $5.1M | Yes | 9 | |
2/23/2022 | Seed - II | |||||
12/21/2021 | Series A |
Date | 9/26/2022 | 5/31/2022 | 5/17/2022 | 2/23/2022 | 12/21/2021 |
|---|---|---|---|---|---|
Round | Series D | Series A | Seed VC | Seed - II | Series A |
Company | SweepSouth | LifeCheq | Nile | ||
Amount | $11M | $3.3M | $5.1M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 7 | 1 | 9 |
Naspers Portfolio Exits
30 Portfolio Exits
Naspers has 30 portfolio exits. Their latest portfolio exit was VTEX on July 21, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
7/21/2021 | IPO | Public | 10 | ||
6/16/2021 | Acquired | 6 | |||
9/9/2020 | Acquired | 14 | |||
Date | 7/21/2021 | 6/16/2021 | 9/9/2020 | ||
|---|---|---|---|---|---|
Exit | IPO | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 10 | 6 | 14 |
Naspers Acquisitions
27 Acquisitions
Naspers acquired 27 companies. Their latest acquisition was Markafoni on May 20, 2014.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
5/20/2014 | Series A | $7M | Acquired | 1 | ||
6/12/2012 | Corporate Majority | |||||
4/22/2012 | Corporate Majority | 1 | ||||
10/3/2011 | ||||||
7/7/2011 | Series A |
Date | 5/20/2014 | 6/12/2012 | 4/22/2012 | 10/3/2011 | 7/7/2011 |
|---|---|---|---|---|---|
Investment Stage | Series A | Series A | |||
Companies | |||||
Valuation | |||||
Total Funding | $7M | ||||
Note | Acquired | Corporate Majority | Corporate Majority | ||
Sources | 1 | 1 |
Naspers Fund History
1 Fund History
Naspers has 1 fund, including Naspers Foundry.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
Naspers Foundry | 1 |
Closing Date | |
|---|---|
Fund | Naspers Foundry |
Fund Type | |
Status | |
Amount | |
Sources | 1 |
Naspers Partners & Customers
2 Partners and customers
Naspers has 2 strategic partners and customers. Naspers recently partnered with Prosus on May 5, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
5/12/2021 | Partner | Switzerland | - Naspers Limited and Prosus will enter into an agreement regulating certain matters arising in relation to the cross holding ; | 2 | |
8/19/2015 | Partner |
Date | 5/12/2021 | 8/19/2015 |
|---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | Switzerland | |
News Snippet | - Naspers Limited and Prosus will enter into an agreement regulating certain matters arising in relation to the cross holding ; | |
Sources | 2 |
Naspers Team
29 Team Members
Naspers has 29 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Emilian Popa | DiGAME Investment, Groupon, Rocket Internet, Ernst & Young, and Publicis | Founder | Current |
Name | Emilian Popa | ||||
|---|---|---|---|---|---|
Work History | DiGAME Investment, Groupon, Rocket Internet, Ernst & Young, and Publicis | ||||
Title | Founder | ||||
Status | Current |
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