Tech and consumer internet giant Naspers will invest a substantial cash injection into its e-commerce retailer Takealot as it vowed to do “what it takes” to fight competition from bigger rival Amazon.
Slush 2023 saw over 13,000 participants, including 5,000 startup founders and operators, in addition to around 3,000 investors managing a combined total of $3 trillion in assets.
Tata Technologies made a blockbuster debut on the stock markets today, listing at an impressive premium of 140% over its IPO price of Rs 500 per share. This and more in todays ETtech Top 5.
The comments come after Ervin Tu said on Wednesday that Prosus had marked down the valuation of embattled edtech Byjus below $3 billion. In March, Prosus had valued Byjus at about $5.1 billion. The tech investor holds a stake of nearly 10% in the troubled edtech company.