An obituary of Naspers Foundry
On Monday, March 13, Naspers’ R1.4 billion (~$77 million) venture capital fund, Naspers Foundry, was shut down by the company, with the fund’s portfolio companies and any further investments to…
👨🏿🚀TechCabal Daily – Naspers Foundry shuts down
14 MARCH, 2023 IN PARTNERSHIP WITH MGood morning 🎉 Later today, we’ll be hosting the first Twitter space to celebrate our 10th anniversary. By 7PM WAT, our EIC Adrian Ephraim…
Naspers shuts down its $77m investment fund, Foundry, the largest in South Africa
The news: Naspers has shut down its South Africa-focused technology investment fund, Foundry. The fund valued at R1.4 billion ($77 million) has only been deployed halfway — R740 million $40…
Naspers shuts down $77 million VC fund
According to reporting by BusinessDay, Africa’s most valuable company by market capitalisation, Naspers, has shut down its venture capital fund Naspers Foundry in an effort to scale down its operations.…
Planet42 gets $100 million backing to expand car rental business in South Africa and Mexico
Estonia-founded and South Africa-based vehicle rental startup Planet42 has announced that it has raised a $100 million round to scale its operations across South Africa and Mexico. The investment, according…
Africa’s most valuable public company planning to layoff 30% of workforce
Prosus, a subsidiary of Africa’s largest company by market capitalization, Naspers, is planning a 30% workforce reduction over the course of the year, according to reporting by Bloomberg. According to…