Sean Peche slams Naspers/Prosus management, a voice for South African savers
UK-based fund manager Sean Peche has had enough of the brutal value destruction taking place at Naspers and Prosus.
UK-based fund manager Sean Peche has had enough of the brutal value destruction taking place at Naspers and Prosus.
Food and grocery delivery platform Swiggy has been valued at $10.7bn in its latest round of funding, up from $5.5bn in July last year.
Swiggy, India’s largest food delivery platform which is 39% owned by Prosus, has raised $113m from existing investors.
Tencent joined Naspers in a $1bn investment in Indian food delivery service Swiggy, which gains a potentially valuable ally in China’s largest social media and gaming company.
Naspers is planning to increase its stake in Indian online food-delivery business Swiggy as the startup plots its third fund-raising round of the year, according to people familiar with the matter.
Naspers announced the sale of its 11.18% stake in Indian ecommerce company Flipkart, to US-based retailer Walmart for $2.2bn, representing an IRR of approximately 32%.