Top Qs
Timeline
Chat
Perspective
Prosus
Internet Investment division of Naspers From Wikipedia, the free encyclopedia
Remove ads
Prosus N.V. 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.[2]
Prosus has invested across multiple areas of the technology sector, including social networking, gaming, classifieds, payments, financial technology, educational technology, food delivery, real estate listings, and ecommerce.[3] Products and services of its businesses and investments are used by more than 1.5 billion people in 89 markets.
Prosus majority shareholder is South African multinational mass media company Naspers.[4][5] In September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the 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][4] although the company was trading at a significant discount to the value of its portfolio.[9]
Remove ads
Business
Summarize
Perspective
The group's expansion into Internet platforms began in the 1990s, spanning various tech investments,[10] including:
- Social – Tencent (26.16%)[11]
- Classifieds – OLX (100%), Property24, EPMG
- Fintech – PayU (98.8%), Remitly (19.4%), 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' 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 Tencent, dating back to a 45% share in 2001.[15]
In March 2022, Prosus announced it was writing off its 25.9% stake (worth approximately US$700m) in social media company VK after VK's CEO Vladimir Kirienko was put on a U.S. sanctions list.[16][17]
In December 2024, Prosus announced it had entered into an agreement to acquire Despegar, a Latin American travel agency, for USD 1.7 billion.[18]
On February 24th 2025 the company announced it reached an agreement to acquire Just Eat Takeaway.com for €4.1b in cash.[19] In 2019, the company had attempted to acquire the then-independent Just Eat, but lost the bidding war to Takeaway.com.[20]
Remove ads
Controversy
Following the Russian invasion of Ukraine in February 2022, many international companies, particularly Western, pulled out of Russia. Unlike most of its Western competitors, Prosus was slow to announce any disinvestments or scaling back of its operations in Russia. It was criticised in particular with regard to its Avito platform (a subsidiary of OLX), which, among other activities, provided classified advertising services that were used by the Russian army for recruiting purposes.[21][22] In October 2022, Prosus agreed to sell Avito service to Kismet Capital Group for $2.4 bln.[23]
Remove ads
Acquisitions
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads