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Naspers and Prosus CEO steps down, M&A chief Tu takes charge

People

18 September, 2023

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 ......

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Temasek, TPG, Prosus to invest more in PharmEasy as valuation slumps

TMT

23 August, 2023

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 ......

Prosus-backed Urban Company narrows losses in FY23 as revenue grows

TMT

21 August, 2023

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 ......

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Deals Digest: M&A deals hog the limelight as funding activity slows

TMT

04 August, 2023

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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Grapevine: PayU looks to list in India; Yes Bank in fray for NBFC acquisition

General

03 August, 2023

Grapevine: PayU looks to list in India; Yes Bank in fray for NBFC acquisition

Prosus-backed PayU Payments Pvt. Ltd is planning to list in India sometime next year, a media report has said, citing ......

Prosus sells PayU's global payments biz for $610 mn, to sharpen focus on India

Finance

01 August, 2023

Prosus sells PayU's global payments biz for $610 mn, to sharpen focus on India

Netherlands-based private equity player Prosus, which is a backer of multiple Indian startups including Byju's, DeHaat, Fashinza, The Good Glamm ......

Byju's 'regularly disregarded' former director's advice, says Prosus

TMT

25 July, 2023

Byju's 'regularly disregarded' former director's advice, says Prosus

Prosus NV, an investor in Indian educational technology startup Byju's, said on Tuesday the company's management "regularly disregarded advice" despite ......

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SoftBank-backed edtech firm Eruditus aims to turn profitable in FY24

TMT

17 July, 2023

SoftBank-backed edtech firm Eruditus aims to turn profitable in FY24

Edtech company Eruditus expects to end the financial year 2023-24 on a profitable note, its founder and CEO told VCCircle, ......

Byju's ropes in former upGrad CEO to oversee international business

People

13 July, 2023

Byju's ropes in former upGrad CEO to oversee international business

Embattled edtech major Byju's has roped in upGrad's former chief Arjun Mohan to oversee its international business, as it continues ......

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Pharmeasy eyes $304 mn in funding from Manipal Group, existing investors

Healthcare

05 July, 2023

Pharmeasy eyes $304 mn in funding from Manipal Group, existing investors

Omnichannel pharmacy chain Pharmeasy plans to raise ₹2,500 crore ($304 million) to retire the senior debt it had raised from ......