Prosus expects to write off the equivalent of R11.8-billion and has asked its directors on the board of social media platform VK to resign.

Prosus writes down R12bn investment in Russia

05:39pm, Monday, 07'th Mar 2022 BusinessLIVE
Naspers arm joins host of companies and investors counting losses from invasion of Ukraine

Mensa Brands acquires home storage solutions brand, Pretty Krafts

12:13pm, Monday, 07'th Mar 2022 The Hindu BusinessLine
Mensa is backed by marquee investors such as Accel Partners, Falcon Edge Capital, Norwest Venture Partners, Prosus, and Tiger Global Management
The London Stock Exchange has suspended trading in the VK Group, the Russian media company which is 25.7% owned by Prosus.
99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by Oak HC/FT, with participation from existing investors Kaszek and Prosus Ventures. The last round follows a $40 million Series B investment last May from Prosus […]
99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by Oak HC/FT, with participation from existing investors Kaszek and Prosus Ventures. The last round follows a $40 million Series B investment last May from Prosus […]

Naspers, Prosus and Tencent plunge on renewed China tech fears

05:18pm, Monday, 21'st Feb 2022 BusinessLIVE
Prosuss share price has been under pressure since July 2021 when China launched a wide-ranging crackdown on technology companies
SoftBank Vision Fund 2 led the investment round by infusing $200 million in Elasticrun while Naspers, Prosus, Goldman Sachs Assets Management and existing investors Chimera and Innoven jointly infused $130 million the rural market-focussed B2B firm at an enterprise valuation of around $1.5 billion
The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population, most of them have minimal equity market and investment exposure. Replicating the success of Robinhood in the U.S., some platforms are looking to create investors out of the region. One such is Egypt-based Thndr. The []
The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population, most of them have minimal equity market and investment exposure.

SoftBank, Prosus, Goldman lead $300m funding in India''s ElasticRun

12:45pm, Tuesday, 08'th Feb 2022 DealStreetAsia
The investment is said to have pegged the valuation of ElasticRun at about $1.5 billion.

Airmeet, a virtual events platform, gets $35 million from Prosus, others

12:00pm, Tuesday, 08'th Feb 2022 Economic Times India
Airmeet, which helps organise virtual events and conferences, will use the funds to expand its footprint in the global market, invest in R&D and scale its go-to-market function.
Prosus is a holding that is investing in high-growth markets like online food delivery, fintech, and classifieds. If the company is successful in bringing groceries to clients, the target market will
Fresh from raising a $244 million Series C (that valued the company then $1.7 billion) back in June, K12 online tutoring marketplace GoStudent has now raised a $340 million Series D round led by new investor Prosus, an Amsterdam-based investment firm best known for investing in Latin American and US-based LatinX internet properties. GoStudent expanded []
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