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Startup Inspiration: Flipkart founder Sachin Bansal

After having led Flipkart to its glory, Bansal started Navi Technologies and is pursuing opportunities in the banking financial services and insurance sector Co-founder of homegrown e-commerce marketplace Flipkart Sachin Bansal is known as the flag-bearer of the Indian startup ecosystem. The...

Swiggy raises US $210 million from Naspers, DST Global

Indian online food ordering and delivery platform Swiggy on Thursday said it raised US $210 million in a Series G funding from South Africa's Cape Town-based internet company Naspers and Hong Kong-based internet investment firm DST Global. This seventh round...

Walmart inches closer to sealing deal with Flipkart

Global retail giant Walmart is inching close to sealing the deal to buy a majority stake in Flipkart for as much as US $12 billion, even though rival Amazon is still jostling to turn the deal in its favour. According...

Swiggy raises US $100mn in funding from global players

Food order and delivery platform Swiggy on Thursday said that it has raised US $100 million in Series F funding from global players, Naspers and Meituan-Dianping. "Led by Naspers, a global internet and entertainment group... The series also includes new...

Naspers’ Turkish e-commerce site, Markafoni to discontinue operations

Naspers’ Turkish e-commerce site, Markafoni announced on Thursday on its website that it will discontinue operations and close, effective 30 June, 2017. Markafoni is an online shopping e-commerce site for Turkish consumers which deals in clothing and fashion accessories. “Despite initial success, the business...

Swiggy raises US $80 million in Series E funding led by Naspers

Swiggy, India’s leading food ordering and delivery platform, has raised US $80 million in series-E funding. The deal was led by Naspers, a global Internet and entertainment group, and one of the world’s largest technology investors, with earlier investors...

foodpanda raises € 387 million from Naspers

foodpanda, India’s leading online marketplace for food delivery has shared that Naspers, a global Internet and entertainment group and one of the world’s largest technology investors, is investing EUR 387 million (US $431.45 million) into parent company Delivery Hero,...

Takeaway startup Delivery Hero raises €387 million from Naspers

Online food takeaway firm Delivery Hero, one of Europe’s biggest start-ups, has raised 387 million euros by issuing new shares to South African media and e-commerce firm Naspers. This investment will help fuel Delivery Hero's growth plans. Naspers will also...

Naspers Increases Stake in Flipkart to 17.7%

South-Africa based Internet company Naspers has increased its stake in Flipkart to 17.7 percent, as announced in its provisional financial report, according to a leading daily. Naspers held a stake of 16.7 percent in Flipkart in May until it further...
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The Luxottica report card for 2022

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