Naspers eyes fintech deals in $1 billion India push
14 March 2019 10:00 AM GMT
Naspers is in talks to inject about $200 million into business loan provider Capital Float and payments security firm Wimbo.The Indian investment drive could see Naspers increase its presence in food delivery
- Naspers Ltd wants to spend about $1 billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent Holdings Ltd, a person familiar with the matter said.
- Africa’s largest company by market value is in talks to inject about $200 million into business loan provider Capital Float and payments security firm Wimbo as a first step, according to two people with knowledge of the discussions, who asked not to be identified as the talks are private.
- Part of this year’s $1 billion Indian investment drive could see Naspers increase its presence in food delivery, one of the people said.
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