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Weekly Deals Wrap: Record M&A deals in fintech, insurance led by Prosus, HDFC Life steal show

Finance

03 September, 2021

Weekly Deals Wrap: Record M&A deals in fintech, insurance led by Prosus, HDFC Life steal show

Unlike in the past weeks, there were no big bang late-stage startup deals nor the emergence of any new unicorns. ......

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Merchant lending will be a serious play for us: PayU India head

TMT

02 September, 2021

Merchant lending will be a serious play for us: PayU India head

Prosus-owned PayU, which has made the most expensive acquisition in the Indian fintech landscape, is looking to co-create new solutions ......

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BillDesk founders, investors chart big gains from $4.7 Bn sale

Finance

31 August, 2021

BillDesk founders, investors chart big gains from $4.7 Bn sale

M N Srinivasu, Ajay Kaushal and Karthik Ganapathy were colleagues at consulting firm Arthur Andersen when they set out to ......

PayU to acquire BillDesk for $4.7 billion

TMT

31 August, 2021

PayU to acquire BillDesk for $4.7 billion

Consumer internet group, Prosus N.V. (‘Prosus’), on Tuesday said that it has reached an agreement, along with fintech subsidiary PayU, ......

PayU, Alpha Wave Incubation lead $12 mn round in indiagold

TMT

27 August, 2021

PayU, Alpha Wave Incubation lead $12 mn round in indiagold

PayU, the payments and fintech business of Prosus, and Alpha Wave Incubation (AWI) fund, which is backed by DisruptAD and ......

Prosus CEO Bob van Dijk on India investments, unicorn surge

TMT

29 June, 2021

Prosus CEO Bob van Dijk on India investments, unicorn surge

With a cumulative $6 billion invested in India (as on June 2021), Prosus, the international digital assets arm of South ......

Naspers offshoot Prosus reports strong growth in e-commerce business

TMT

21 June, 2021

Naspers offshoot Prosus reports strong growth in e-commerce business

Prosus NV said its e-commerce business grew revenues and shrank trading losses for the year that ended March 31, even ......

SoftBank set to re-enter Flipkart with $700 mn investment

TMT

04 June, 2021

SoftBank set to re-enter Flipkart with $700 mn investment

Three years after its exit from Walmart owned Flipkart, SoftBank Group Corp is slated to re-invest in the online retailer ......

Prosus, Dragoneer, Wellington lead $255 mn round in Urban Co at $2.1 bn valuation

TMT

02 June, 2021

Prosus, Dragoneer, Wellington lead $255 mn round in Urban Co at $2.1 bn valuation

Home services company Urban Company has closed its ongoing growth round of funding, dubbed Series F, at $255 million (Rs ......

Prosus to buy shares in parent Naspers as valuations lag Tencent stake

TMT

12 May, 2021

Prosus to buy shares in parent Naspers as valuations lag Tencent stake

Amsterdam-based technology investor Prosus NV announced plans on Wednesday to acquire up to 45.4% of shares in its parent Naspers ......