by Danielle le Clus-Rossouw | Aug 18, 2022 | Marketplaces, Financials / Deals
Almost a year after marketplace giant Prosus and its South Africa-based parent Naspers completed a deal that set up a cross-holding structure and moved majority ownership of their international assets to Amsterdam, it has been reported that Naspers w... Join now to...
by Danielle le Clus-Rossouw | Jul 22, 2022 | Marketplaces, Financials / Deals
Adevinta is about to sell another Gumtree brand. The Norway-based marketplace giant is selling horizontal Gumtree South Africa (Gumtree.co.za) to Ignition Group, a South Africa-based business with an investment focus on the technology and media secto... Join now to...
by Danielle le Clus-Rossouw | Jul 15, 2022 | Financials / Deals
Major tech investor Prosus Ventures is leading the $28 million U.S. funding raised in primary and secondary rounds for India-based Detect Technologies. The investment is supported by existing investors Accel and Elevation Capital, as well as Shell Ve... Join now to...
by Danielle le Clus-Rossouw | Jul 15, 2022 | Automotive, Real Estate, Marketplaces
On July 13, the South African Competition Commission released the provisional findings of its online platform market investigation - almost 14 months after the inquiry was initiated in May 2021. The Commission found digital markets are the fastest... Join now to...
by Danielle le Clus-Rossouw | Jul 13, 2022 | Financials / Deals
Major tech investor Prosus announced on June 29 that it would lead the Series B financing round in US-based food-tech firm ShareBite. The $39 million U.S. investment was also backed by Fiserv, Contour Venture Partners, along with existing investors Reign Ventures,...
