Indian startups backer Naspers to list int’l biz - Times of India
25 March 2019 5:00 PM GMT
Companies News: Bengaluru: Naspers, the largest shareholder in some of the biggest Indian internet companies like online travel portal MakeMyTrip and food delivery pl.
- Naspers , the largest shareholder in some of the biggest Indian internet companies like online travel portal MakeMyTrip and food delivery player Swiggy , has said it is listing the international investments — including the India portfolio — on Euronext Amsterdam.
- The company also made $2.2 billion on its $612-million investment in online retailer Flipkart, which was acquired by US retail giant Walmart last year.
- In the past, Naspers has effected several consolidations in the Indian internet market — both in online travel and payments space.
- The combined entity has emerged as one of the largest payments gateway players and was valued at $5.1 billion, according to a report by Citi, which attributed half of the valuation to the India business.
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