Page 7 - Naspers Foundry News Today

Global internet group Naspers said it delivered a strong financial performance for the six months ending September 2021, growing ecommerce revenues by 52%,…

Existing Naked investors Yellowwoods and Hollard also participated in the funding round, endorsing Naked’s growth plans and its success in rebuilding insurance for social good.

Prosus and Naspers Announce Intention for Prosus to Make a Voluntary Share Exchange Offer to Naspers Shareholders PLEASE SEE THE IMPORTANT DISCLAIMERS AT THE END OF THIS ANNOUNCEMENT. 1. INTRODUCTION Prosus Board") (Euronext Amsterdam: PRX; JSE: PRX) and the board of directors of Naspers Limited (" Naspers") (JSE: NPN; LSE: NPSN) are pleased to announce that Prosus intends to implement a voluntary exchange offer in terms of which, among other things, the holders of the N ordinary shares in the ...

April 5, 2021 Naspers, Africa’s biggest company by market cap, has taken a wide-ranging approach to its international investments, from food delivery in Germany and Brazil, to edtech in India. In recent years, its growth in Africa has had a more singular focus: backing South African tech startups with global potential. Naspers began as a local newspaper company 100 years ago in South Africa. In 2018, it pledged $314 million to fund and grow South African tech businesses, dedicating a $92 mill...

Schools shutdown hastens shift to online learning — for some 24 January 2021 - 00:05 By Arthur Goldstuck The explosion in online teaching during the pandemic has made educational technology one of the big winners in the venture capital industry, with SA’s delay of school opening ensuring that the momentum will continue this year. More significantly, it has opened a path to the future of education in the country, once the government lives up to its own promises in this regard. “The...

Alexander O. Onukwue Share this article The experiments started at a citrus farm in Cape Town where James Paterson was born. By 2014, that passion became Aerobotics – a startup that has now raised $17m from investors to help farmers grow fruits and trees using images from satellites and drones. Aerobotics is a company of engineers, agronomists, and data scientists. Its business is to devise hardware and software technology for precision agriculture anywhere in the world. Their tools are calib...

South African startup Aerobotics raises $17M to scale its AI-for-agriculture platform As the global agricultural industry stretches to meet expected population growth and food demand, and food security becomes more of a pressing issue with global warming, a startup out of South Africa is using artificial intelligence to help farmers manage their farms, trees and fruits. Aerobotics, a South African startup that provides intelligent tools to the world’s agriculture industry, has raised $17 mill...

Less than a year after Naspers said it would invest R100m in Aerobotics through its Naspers Foundry. By TechCentral 20 Jan 2021  12:00  Image: Shutterstock Cape Town-founded agritech start-up Aerobotics has raised US$17-million (R253-million) in a series-B funding round led by Naspers. News of the investment comes less than a year after Naspers said it would invest R100-million in Aerobotics through its Naspers Foundry business, which funds early-stage ventures. The company...

Aerobotics CEO James Paterson Cape Town-founded agritech start-up Aerobotics has raised US$17-million (R253-million) in a series-B funding round led by Naspers. News of the investment comes less than a year after Naspers said it would invest R100-million in Aerobotics through its Naspers Foundry business, which funds early-stage ventures. The company’s series-B round was oversubscribed. Other than Naspers, there was also “significant participation” from Platform Investment Partners, FMO: ...

Investment poured into innovative local tech firms last year 10 January 2021 - 00:07 By ARTHUR GOLDSTUCK The global tech boom that saw Amazon and Microsoft market valuations pass a trillion-and-a-half dollars in 2020 trickled down powerfully to start-ups - and SA was not left out of the action. Although there were no multibillion-dollar initial public offerings (IPOs) - as with Airbnb, Doordash and Snowflake in the US, three of the 10 biggest IPOs ever for US tech companies - investmen...