Prosus
Parent Naspers Limited | | |
| Website | prosus | |
|---|---|---|
Prosus N.V., or Prosus, is a global investment group that invests and operates across sectors and markets with long-term growth potential. It is among the largest technology investors in the world.[3]
Prosus has invested across multiple verticals, including social / gaming, classifieds, payments and
edtech, food delivery, and ecommerce.[4] Products and services of its businesses and investments are used by more than 1.5 billion people in 89 markets.[2]
Prosus is majority-owned by South African multinational
Johannesburg Stock Exchange.[6] Subsequent to its IPO, Prosus became the largest consumer Internet company in Europe by asset value.[7] Shares in the company were reported to have "soared on debut,"[8][5] although the company was trading at a significant discount to the value of its portfolio.[9]
Business
The group's expansion into Internet platforms began in the 1990s,[2] spanning various tech investments,[10] including:
- Social - Tencent (26.16%)[11]
- Classifieds - OLX (100%), EPMG
- Fintech - PayU (98.8%), Remitly, Red Dot Payment, BUX
- Food - iFood (100%),[12] Delivery Hero (22.3%), Swiggy (38.8%), Oda, Flink, Wolt, Foodics, ShareBite, Facily
- EdTech - Stack Overflow,[13] Brainly, Udemy, Skillsoft, GoStudent, GoodHabitz, Eruditus, BYJU's, Platzi, eduMe, and SoloLearn
- Ecommerce - eMAG (80.1%), Meesho, Mensa Brands, PharmEasy, Ula, ElasticRun, merXu, The Good Glamm Group
- Travel - Ctrip(6%)
- Mobility / Logistics - Bykea,[14] 99minutos, QuickRide, Dott, Shipper
- AgriTech: DeHaat, VeGrow, CaptainFresh
- Other: Airmeet, Wayflyer
Prosus is best known for its investments in
Takeaway.com.[16]
In March 2022, Prosus announced it was writing off its 25.9% stake (worth approximately US$700m) in social media company
Controversy
Following the
Avito service (a subsidiary of OLX), which among others publishes advertisements about recruiting to the Russian army.[19][20]
Acquisitions
| No | Acquisition Date | Company | Price (USD) | Ref |
|---|---|---|---|---|
| 1 | June 3, 2021 | Stack Overflow | $1.8 billion | [21][22] |
| 2 | June 15, 2021 | GoodHabitz | $257 million | [23][24] |
| 3 | August 19, 2022 | iFood | $1.9 billion | [12][25] |
References
- ^ "CEO Steps Down". Reuters. 18 September 2023.
- ^ a b c "Prosus, Prospectus, 26 August 2019" (PDF).
- ^ "Update on repurchase program". prosus.com.
- ^ Schulze, Elizabeth (September 11, 2019). "A $100 billion tech company you've never heard of just listed in Europe". CNBC.
- ^ a b Wexler, Alexandra (September 11, 2019). "Introducing Prosus: A Rare European Mega-Tech Stock" – via www.wsj.com.
- ^ "Prosus - About". www.prosus.com. Retrieved 2021-07-13.
- ^ "Naspers Announces Revised Timetable for the Listing of Prosus on Euronext Amsterdam and JSE". Jul 19, 2019. Retrieved Oct 24, 2022.
- ^ "Prosus debut creates €120bn European tech giant". Financial Times. 11 September 2019.
- ^ "Naspers, Prosus launch share swap deal to shrink S.Africa discount". Reuters. 2021-05-12. Retrieved 2021-07-13.
- ^ "Prosus - Companies".
- ^ "prosus 2022 annual report" (PDF). Retrieved 25 September 2023.
- ^ a b "Prosus to acquire remaining stake in iFood from Just Eat". Prosus. Retrieved 2022-08-20.
- ^ Dummett, Ben (2 June 2021). "Stack Overflow Sold to Tech Giant Prosus for $1.8 Billion". Wall Street Journal. Retrieved 2 June 2021.
- ^ Singh, Manish (30 September 2020). "Prosus Ventures leads $13 million investment in Pakistan's ride-hailing giant Bykea". techcrunch.com. Retrieved 30 September 2020.
- ^ Jolanda van de Beld (12 July 2021). "Gouden aankoop brengt Prosus in de problemen". NRC (in Dutch). Retrieved 2021-07-13.
- ^ Pijpker, Joost (19 December 2019). "Takeaway overtreft bod Prosus voor Just Eat". NRC (in Dutch). Retrieved 2021-07-13.
- ^ "Prosus to write off $700 mln stake in Russia's VK Group". Reuters. 7 March 2022.
- ^ "Directors resign from VK board". Directors resign from VK board. Retrieved Oct 24, 2022.
- ^ Pikuła, Rafał (18 March 2022). "Firma powiązana z Grupą OLX pomaga w rekrutacji do rosyjskiej armii. Z rynku wycofać się nie chce". wyborcza.biz (in Polish). Retrieved 2022-03-18.
- ^ Khumalo, Sibongile. "'Too early' to decide fate of Naspers-owned Russian classified ads business". Fin24. Retrieved 2022-03-18.
- ^ Ch, Prashanth; CEO, rasekar (2021-06-02). "Prosus's Acquisition of Stack Overflow: Our Exciting Next Chapter". Stack Overflow Blog. Retrieved 2021-06-24.
- ^ Salter, Jim (2021-06-03). "Stack Overflow sold to tech investor Prosus for $1.8 billion". Ars Technica. Retrieved 2021-06-24.
- ^ "Prosus to acquire majority stake in GoodHabitz". Prosus to acquire majority stake in GoodHabitz. Archived from the original on 2021-06-24. Retrieved 2021-06-24.
- ^ "Prosus acquires GoodHabitz for $257M - AIM Group". aimgroup.com. Retrieved 2021-06-24.
- ^ "Just Eat Takeaway soars on $1.8 billion iFood stake sale to Prosus". Reuters. 2022-08-19. Retrieved 2022-08-20.
External links
Media related to Prosus at Wikimedia Commons
