Prosus
TMT
Heavyweight investors' bets go underwater as Byju's valuation slumps to $1 bn
Some of the world’s biggest private equity firms, asset managers, pension funds and sovereign wealth funds are now sitting on ......
TMT
Prosus-owned PayU India shuts down prepaid credit card unit LazyCard
PayU India has shut its prepaid payment instrument LazyCard that it launched at the beginning of 2022, the company’s parent ......
TMT
Prosus slashes Byju's valuation to under $3 billion
Tech investor Prosus NV said on Wednesday it was valuing Indian education firm Byju's at under $3 billion, 86% less ......
TMT
ED slaps $1.1 bn notice to Byju's for forex law violations; firm denies
India's federal financial crime-fighting agency has issued a show-cause notice to ed-tech company Byju's for alleged violations of foreign exchange ......
Healthcare
Temasek-backed Pharmeasy's rights issue oversubscribed, raises $420 mn
API Holdings, which runs omnichannel pharmacy chain Pharmeasy, and was struggling to raise capital, has raised Rs 3,500 crore ($420 ......
TMT
Prosus-owned PayU targets Feb for India IPO filing
Netherlands-based PayU plans to ask for regulatory approval in February for an initial public offering worth at least $500 million ......
People
Naspers and Prosus CEO steps down, M&A chief Tu takes charge
Bob van Dijk has stepped down as the long-time CEO of Dutch technology investor Prosus and its South African parent ......
TMT
Temasek, TPG, Prosus to invest more in PharmEasy as valuation slumps
Omnichannel pharmacy chain PharmEasy will raise Rs 3,500 crore through a rights issue next week, multiple people aware of the ......
TMT
Prosus-backed Urban Company narrows losses in FY23 as revenue grows
Gurugram-based home services unicorn Urban Company narrowed its losses in the last financial year to Rs 308.4 crore from Rs ......
TMT
Deals Digest: M&A deals hog the limelight as funding activity slows
Private equity and venture capital dealmaking slowed this week compared with the week before but there was a notable increase in merger and acquisition activities. This ......
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