Primary speculators in the Letgo incorporate 14W, Accel, Eight Roads Ventures, FJ Labs, Insight Venture Partners, Mangrove, Naspers, NEA, NextView, and Northzone.With ventures and consolidations like this, they definitely brought up certain issues on Craigslist and Ebay.With more than 45 million downloads and 20 million month-to-month customers, this objective for how Letgo brings in cash didn't appear to be over-yearning by any stretch of the imagination.Challenges for Letgo to bring in cash: Right now, the greatest test for the Letgo plan of action is the first experience with Marketplace, an idea like OLX, eBay, and Letgo.There is no uncertainty about the way that Facebook has the most number of dynamic customers contrasted with any remaining applications.The interpersonal interaction giant is anticipating presenting another element where individuals can purchase and sell items through mingling.
Summary - A new market study, titled “Global Payment Processing Solutions Market Size, Status and Forecast 2020-2026” has been featured on WiseGuy Reports.This report focuses on the global Payment Processing Solutions status, future forecast, growth opportunity, key market and key players.The study objectives are to present the Payment Processing Solutions development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.ALSO READ: key players covered in this study Wirecard AG Naspers Limited Visa Inc. Jack Henry & Associates Inc. PayPal Holdings, Inc.Global Payments Inc. First Data Corporation Square Inc. Adyen N.V. Paysafe Group Limited.Market segment by Type, the product can be split into Credit Card Debit Card Ewallet Market segment by Application, split into Hospitality Retail Utilities and Telecommunication OthersMarket segment by Regions/Countries, this report covers North America Europe China Japan Southeast Asia India Central & South AmericaThe study objectives of this report are: To analyze global Payment Processing Solutions status, future forecast, growth opportunity, key market and key players.To strategically profile the key players and comprehensively analyze their development plan and strategies.
The fresh round comes after the company raised US$56 million from Naspers-owned OLX Group last year.
The birthplace of tech entrepreneur Elon Musk, and home to several successful tech outfits such as Naspers, South Africa, unsurprisingly, has a flourishing startup ecosystem. Cape Town, where Naspers – one of the world’s top 10 tech investors – is headquartered, hosts a thriving startup community and though nascent, it is showing great promise. “It is perhaps too easy – and too early – to designate a specific geographic zone as our local ‘Silicon Valley’. What we can say is that between Cape Town and nearby Stellenbosch, there is a good deal of entrepreneurial business action,” says Fabian Whate, head… This story continues at The Next Web
While many tech startups have reeled from the coronavirus crisis, some of them are still attractive to investors. A Silicon Valley company called EquityBee, which lets startup employees connect with investors who can help them exercise their stock options, said that 10 hot startups stand out based on data from its platform. EquityBee calls the financiers on its platform "hidden investors" who bet on startups they believe will do well when they are sold or when they go public. Investors and employees remain anonymous on the platform. "We've seen a very strong increase for fintech companies, for cloud-based companies and for developer tools," EquityBee cofounder and CEO Oren Barzilai told Business Insider.  Click here for more BI Prime stories. While many tech startups have taken huge hits from the coronavirus crisis, some continue to attract interest from investors. Startups such as cloud platforms Vercel and Better Cloud have managed to raise venture capital during the pandemic while data analytics company Palantir filed to go public (and cloud insurance firm Lemonade even made its market debut).  Silicon Valley company EquityBee, which connects startup employees with investors who can help them exercise their stock options, has seen a boost in investor interest on its platform, too. EquityBee calls the financiers on its platform "hidden investors," that buy vested equity options from employees, essentially betting on startups that they believe will do well when they are sold or when they go public. Both investors and employees remain anonymous on the platform. The company said it has roughly 3,000 investors who are able to make the minimum investment of $10,000 to participate in the platform. One of the largest investments by an individual was a few hundred thousand dollars into one startup, according to EquityBee. The coronavirus crisis has sparked a flurry of activity on the platform.  "We've seen a very strong increase for fintech companies, for cloud-based companies, and for developer tools," EquityBee cofounder and CEO Oren Barzilai told Business Insider.  EquityBee has also seen "a very significant drop" in investor interest in travel-tech startups, such as TripActions.  There is one exception, though, Barzilai said: "Investors are still very interested in Airbnb." Barzilai said EquityBee had seen a spike in interest early on — about three months ago — from employees who were worried about losing their jobs and who began exploring ways to exercise their options when the coronavirus crisis began to escalate. But it has become clearer over the last few months which startups are valuable in the eyes of EquityBee investors. Here are the top 10 startups that are hot to the "hidden investors" on the Equity Bee platform:SEE ALSO: Meet the 7 Cisco power players helping CEO Chuck Robbins steer the company through the coronavirus crisis and thrive in the cloud era Airbnb Funding: $5.4 billion Top Investors: Silver Lake Partners, Capital Group, TCV What it does: Airbnb, which pioneered the online home rental market, has been widely expected to file for an IPO soon. But the San Francisco startup took a big hit from the coronavirus crisis which led to a sudden drop in both business and leisure travel. The company was forced to lay off 25% of its staff. But CEO Brian Chesky has remained upbeat about the company's prospects, telling Business Insider in a recent interview: "There is an innate human desire to travel, to explore, and that is never going to go away. Travel may be on pause, but it's going to come back."   eToro Funding: $222.7 million Top Investors: Spark Capital, BRM Capital, China Minsheng Financial Holdings What it does: The pandemic has not slowed down eToro's growth, which could explain strong investor interest in the online trading platform. The UK-based startup reported 13 million global registered users in May. The company also said stock trading has tripled on its platform since the beginning of 2020.   Houzz Funding: $613.6 million Top Investors: Sequoia Capital, ICONIQ Capital, GGV Capital What it does: Houzz is a popular online home improvement and design platform that helps connect homeowners with designers, contractors, architects and other professionals. The Silicon Valley startup was forced to cut jobs and salaries as the coronavirus escalated, but it has announced some good news in the past few months too: It expanded its network to more than 2.5 million professionals and introduced virtual meeting and visualization tools for its clients.   Palantir Technologies Funding: $2.6 billion Top Investors: Sompo Holdings, Kortschak Investments, Founders Fund What it does: Palantir, the controversial big data analytics company, has confidentially filed paperwork for an IPO, one of the most widely-anticipated public trading debuts in years. Palantir, which is valued at about $20 billion, was founded in 2003 by a group of PayPal alumni, including investor Peter Thiel and Alex Karp, who is currently its CEO. The company's technology collects and analyzes huge amounts of data in order to detect patterns. But Palantir has been criticized for the role its technology has played in law enforcement, including raids on undocumented immigrants conducted by Immigration and Customs Enforcement (ICE). Funding: $234.9 million Top Investors: Sapphire Ventures, Insight Partners, Genesis Partners What it does: is one of the fast growing collaboration and production platforms, which have become more important in the world of remote work. Jai Das, a partner at investor Sapphire Ventures, named the company among the startups poised to come out stronger from the coronavirus crisis. "You can't really just have hallway conversations anymore," he told Business Insider in an interview in May. That makes online collaboration platforms like Monday.con even more valuable for businesses adapting to the new normal.   SpaceX Funding: $3.5 billion Top Investors: Founds Fund, NASA, What it does: It's not surprising that EquityBee's "hidden investors" would be drawn to the most famous space exploration company. SpaceX was in the news recently when it launched its first two  human passengers into a space. It was a major milestone for the 18-year-old company whose CEO Elon Musk has told his employees to aim for bigger things, including eventually taking passengers to Mars.    SimilarWeb Funding: $112.2 million Top Investors: Viola Growth, Prosus & Naspers What it does:  SimilarWeb is New York-based web analytics company that helps businesses track and analyze digital trends related to their product and their market.  The company offers a form of digital marketing intelligence that has become even more valuable at a time when markets are getting disrupted. For example, recently SimilarWeb shared data with Business Insider that showed a sharp uptick in traffic for online grocery and food delivery firms, and a drop-off for sites offering luxury goods.       JFrog Funding: $226.5 million Top Investors: Insight Partners, VMware What it does: Silicon Valley startup JFrog helps developers manage their software more efficiently. It is considered a pioneer in the world of DevOps, which refers to a critical arena in software development and operations. JFrog's customers include tech giants like Google, Amazon, Netflix and Facebook.  "When you do something so fundamental that powers all of [the major applications], it's very hard to explain why this company is so important," CEO Shlomi Ben Haim told Business Insider in a recent interview. "We are the guys behind the scenes." Databricks Funding: $897 million Top Investors: Andreessen Horowitz, New Enterprise Associates What it does: Founded in 2013, Databricks has become one of the hottest data analytics startups today. The San Francisco-based startup raised $400 million in a Series F round late last year at a $6.2 billion valuation.  It also recently hired Silicon Valley veteran David Conte as CFO, sparking speculation that the company was gearing up for an IPO. Databricks' solid finances has made it easier for the startup to navigate the coronavirus crisis,  CEO Ali Ghodsi said. "We find ourselves in the extremely fortunate situation of having well over half a billion dollars on our balance sheet," he told Business Insiderin an April interview.     Stripe Funding: $897 million Top Investors: Andreessen Horowitz, GV, Sequoia  What it does: Stripe is a fast-growing digital payments platform based in San Francisco. It just raised $600 million from investors in April, pushing its valuation up to nearly $36 billion. CEO Patrick Collilson has touted the company's financial strength, highlighted by over $2 billion on its balance sheet. Stripe has also signed major customers, including Mattel and NBC. adds “Payment Processing Solutions Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database.This report provides in depth study of “Payment Processing Solutions Market” using SWOT analysis i.e.The Payment Processing Solutions Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.This report focuses on the global Payment Processing Solutions status, future forecast, growth opportunity, key market and key players.The study objectives are to present the Payment Processing Solutions development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.The key players covered in this study Wirecard AG Naspers Limited Visa Inc. Jack Henry & Associates Inc. PayPal Holdings, Inc.Global Payments Inc. First Data Corporation Square Inc. Adyen N.V. Paysafe Group Limited.Request a Free Sample Report @ segment by Type, the product can be split into Credit Card Debit Card EwalletMarket segment by Application, split into Hospitality Retail Utilities and Telecommunication OthersMarket segment by Regions/Countries, this report covers North America Europe China Japan Southeast Asia India Central & South AmericaThe study objectives of this report are: To analyze global Payment Processing Solutions status, future forecast, growth opportunity, key market and key players.To present the Payment Processing Solutions development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.To strategically profile the key players and comprehensively analyze their development plan and strategies.
 May 25, 2020: The global online food delivery services market size is expected to reach USD 6.4 billion by 2025, registering a CAGR of 15.4% over the forecast period, according to a study conducted by Grand View Research, Inc.The market growth can be attributed to the availability of several delivering platforms and significant shift from using websites to using mobile application services for ordering food.Such favorable changes in lifestyle are expected to contribute to the market growth over the forecast period.Download sample Copy of This Report at:, smartphones enable customers to order food quickly & conveniently and using multiple payment options.Thus, the increasing penetration of smartphones and internet is encouraging users in developing countries to install food delivery apps.Companies are emphasizing on enhancing logistics capabilities and consumer experiences.For instance, in February 2019, Zomato raised approximately USD 62.2 million in a funding round from multiple investors that included Delivery Hero, Naspers Limited, Chunwei Capital, and others.Numerous companies are adopting optimized delivery modes, which can considerably speed up delivery and reduce operational costs.Such technological advancements in the online food delivery industry are anticipated to provide opportunities for market growth.View Full Report with TOC @ key findings from the study suggest:The platform-to-consumer segment is expected to register a CAGR of more than 12.0% owing to the growing adoption of new app models that offset logistics costsThe restaurant-to-consumer segment accounted for more than 40% of market share in 2018 owing to the focus of aggregators on maintaining their market presence through implementation of cloud kitchensThe growth of the mobile applications segment can be attributed to the availability of several food delivering platforms for customers and growing use of mobile applications to place ordersThe online payment method is expected to register a noteworthy CAGR of over 15% owing to growing digitalization and adoption of cashless transactions in developing economiesAsia Pacific is expected to witness substantial growth owing to the rising disposable income, upgradation of retail formats, and increase in number of internet users & adoption of smartphonesThe online food delivery services market is highly fragmented with the presence of established, local players.
Three days will fly by in a flash, so don’t wait.Disrupt Berlin offers two programming-packed days of opportunity and education.On top of classic events like the Startup Battlefield pitch competition and the Hackathon, you’ll find hundreds of boundary-pushing startups on display in Startup Alley, including our recently announced TC Top Picks.We have an outstanding line up of speakers, workshops, fireside chats, panel discussions Q Sessions and interviews with some of the greatest minds and makers, doers and shakers in tech and investment.Check out the Disrupt Berlin agenda and find the topics most relevant to your interests.Investing and Operating in Growth Markets with Bob van Dijk (Prosus and Naspers).
OLX Group, the classifieds business of Naspers’ international internet assets division Prosus, is set to invest up to US$400 million into Berlin-based Frontier Car Group (FCG), which operates online car marketplaces in emerging markets.The investment include an injection of capital in FCG and the contribution of OLX’s joint-venture shares in India and Poland, as well as acquisition of shares held by other investors, founders, and management.The transaction, which is subject to a tender offer process, would see OLX as the largest shareholder in FCG, according to a statement.Founded in 2016, FCG develops, launches, and operates online and offline used-car marketplaces in more than 10 countries, including Pakistan and Indonesia.Through the company’s platforms, dealers gain access to a wider range of inventory, inspection reports, floor plan financing, and pricing guides, among others.The full integration of the two companies will allow for faster expansion and improvements, such as a dealership management system and enhanced resale capability, OLX said in a statement.
In late 2016, months after entrepreneur Satyen Kothari sold his digital payments business Citrus Payments to its bigger rival, Naspers-owned PayU, for US$130 million – suddenly catapulting him into the exclusive club of ultra rich individuals – he started getting calls from wealth managers suggesting ways to invest his money.Most of the investment pitches he received were limited to mutual funds, gold, and insurance-related portfolios, with the exception of a few wealth managers who wanted him to invest in lucrative stocks.Kothari says it was these wealth managers and their limited investment suggestions that made him realize there was a market for an automated tech platform capable of providing better and diverse investment opportunities to professionals looking to increase their net worth.In 2017, when he was still on the board of Citrus Payments, Kothari decided to set up his new venture, named Cube Wealth, a tech-driven wealth management firm that would partner with multiple investment funds to create a bouquet of money-making portfolios.This is why we leave our money either in banks as fixed deposits, recurring deposits, or at the most, we buy gold and real estate,” Kothari, founder and CEO of Cube Wealth, told KrAsia.Putting your money in mutual funds is not right for you, as these are long-term investments and you will lose money,” Kothari explained.
Frontier Car Group, the Berlin-based startup building used car marketplaces targeting high-growth, emerging markets, has picked up another significant round of funding from a strategic backer also focusing on the same geographical opportunity.Today, OLX, the online classifieds division Prosus (the digital division of Naspers that listed earlier this year in Europe) announced that it would invest up to $400 million in Frontier, in a mix of equity, secondary share acquisitions and existing business shares.The deal will include a primary capital injection of an unspecified amount, which OLX has confirmed to me values Frontier Car Group at $700 million, post-money.Meanwhile, the secondary acquisitions — the shares are currently held by other investors, founders and management — are subject to a tender process.The markets that Frontier operates in now include Nigeria, Mexico, Chile, Pakistan, Indonesia and the USA (where it acquired WeBuyAnyCar last year), in addition to India and Poland.Notably, even before the full $400 million amount is exercised (that is, after the tender process is completed), an OLX spokesperson confirmed that first capital injection will make it Frontier’s largest single shareholder (but not the majority shareholder), which essentially values the deal at less than $350 million (based on the $700 million valuation).
As Amazon-backed Deliveroo expands into click-and-collect and procurement services to grow its footprint with restaurants in Europe, a food fight among three other takeout and delivery players continues apace in an ongoing consolidation march to compete better against the likes not just of Deliveroo but also Uber Eats and more.Today, Prosus — the recently-listed arm of Naspers comprising its extensive online assets (including a significant stake in Tencent) — said that it would be willing to pay £4.9 billion ($6.3 billion) in cash for Just Eat, one of the big players in the food takeout and delivery market in Europe.“The Board believes that Just Eat is a leading strategic asset in the food delivery sector and the Prosus Offer fails to appropriately reflect the quality of Just Eat and its attractive assets and prospects, the benefits of first mover advantage in a consolidating sector, and the significant future upside available to Just Eat shareholders through remaining invested in Just Eat and the Combination,” it noted in a statement.“The Board of Just Eat believes that the Combination is based on a compelling strategic rationale that will deliver a number of strategic benefits and greater value creation to Just Eat shareholders than the terms of the Prosus Offer.Accordingly, the Board of Just Eat continues to unanimously recommend the Combination to Just Eat shareholders.”Prosus’ offer, which works out to 710 pence per Just Eat Share, is 20% higher than’s offer of 594 pence (which itself was at a premium to Just Eat’s share price).
South African internet company Naspers isn’t a particularly well-known name in the startup community.And yet, the company made an early investment in a small Chinese company called… Tencent.Naspers still retains a 31% stake in Tencent that is valued at around $100 billion (with a B).That’s why I’m excited to announce that Naspers CEO Bob van Dijk is joining us at TechCrunch Disrupt Berlin.It’s hard to talk about Naspers without talking about SoftBank, another company that made an early bet on Alibaba, another small Chinese company back then.But Naspers doesn’t want to be compared to SoftBank as it doesn’t have the same approach.
Millions of neighborhood stores that dot large and small cities, towns, and villages in India and have proven tough to beat for e-commerce giants and super-chain retailers are at the center of a new play in the country.A score of e-commerce companies, offline retail chains, and fintech startups are now racing to work with these mom and pop stores as they look to tap a massive untapped opportunity.A Pune-based startup with an idea to build a logistics network using these kirana stores said today it has won the backing of a major international investor.Three-and-a-half-year old ElasticRun said it has raised $40 million in a Series C financing round led by Prosus Ventures (formerly Naspers Ventures).Existing investors Avataar Ventures and Kalaari Capital also participated in the round.The startup has raised $55.5 to date, Sandeep Deshmukh, co-founder and CEO of ElasticRun, told TechCrunch in an interview.
Naspers, a South African internet company that has become a major investor in a wide range of digital commerce companies, has in recent years drawn comparisons to the Japanese conglomerate SoftBank.For one thing, Naspers, like SoftBank, is very global in nature, with investments in more than 90 countries.Naspers, like SoftBank, doesn’t shy from writing big checks, as happened a few years ago when it plugged $100 million into LetGo, a New York-based company whose app aims to make it as easy to sell something as it is to throw it away.Naspers also goes after startups at a variety of stages with the promise that it can help them expand around the world.Yet most meaningfully, both are largely associated with early and exceedingly lucrative investments in Chinese companies.In SoftBank’s case, it made an early bet on the Chinese giant Alibaba, and even while it has pared its stake slightly, that holding is valued at more than $100 billion.
The amount of competition has risen at all levels intensely as large internationally renowned investors (Naspers, Founders Fund, GGV Capital, Vulcan Capital, etc.)focus on the region, while prominent local firms and founders either set up (Tanglin Venture Partners, Asia Partners, Insignia, etc.)or double down with larger funds (Strive, Vickers, Golden Gate Ventures, Openspace, etc.).In exchange, these communities are used as avenues for generating potential investment leads, as well as to build the firm’s reputation as a thought leader in the field.Companies like Rocket Internet have built and sold billion-dollar companies like Lazada, for instance.Working in a similar manner (though on a shorter-term basis), programs like Antler, Entrepreneur First, and Surge collaborate with individual founders to help them find co-founders and fund initial pre-seed/seed capital, with no guarantees of follow-on investment.
In 2001, Naspers, a media company that launched in 1915 and later evolved into a media holding company with pay TV interests, agreed to invest $32 million for a 46.5% stake in Tencent.The China-based company had been founded just three years earlier, and, as Quartz notes in a 2014 story about the deal, Tencent wasn’t a brand that many aside from users of its instant messaging platform, QQ, knew at the time.Of course, given Tencent’s wild growth, it has largely come to define Naspers .Consider that today, Tencent is a roughly $410 billion company, and though Naspers has sold off some of its holdings in the company over the years, it still owns a little more than 30% of Tencent, for a stake currently worth roughly $120 billion.The story is not so unlike that of SoftBank, which made an early $20 million bet on a nascent China-based company called Alibaba in 2000.Though SoftBank has sold some of its ownership in the company, including to fund an acquisition of the British chip designer ARM in 2016, it maintains a 26% stake worth roughly $100 billion.
Swiggy, one of the largest food delivery startups in India, has ambitions that move beyond getting chicken shawarma to you.The startup, which began delivering grocery and perishables from local stores earlier this year, today launched Swiggy Go service to enable consumers, micro- and small businesses to deliver just about anything within a city.Swiggy Go, currently available only in Bangalore, further pits the food delivery giant against Google-backed hyper-local concierge startup Dunzo, which is also currently operational in select cities.Five-year old Swiggy, backed by Naspers and Tencent, said it intends to expand Swiggy Go to more than 300 cities by next year.The firm also said it is bringing Swiggy Store, which is currently being offered to customers only in Gurgaon, to Bangalore and Hyderabad.By next year, it plans to have Store’s presence in all metro cities in the country.
September 3, 2019: Pune-based logistics and distribution startup ElasticRun is in talks to raise $50-$55 million in a funding round led by South Africa's Naspers, a global internet group and one of the largest technology investors in the world.ElasticRun runs an asset-light, app-driven, variable capacity transportation network built using idle transportation and logistics capacities from large number of dispersed entrepreneurs.It caters to industries across the board, including FMCG, food, manufacturing and e-commerce.Their offerings include primary distribution, secondary distribution and last mile connectivity.“Naspers believes that this model is the most capital efficient way to build a technology logistics network in India.The intent for Naspers is to double down on the investment in the next six to eight months,” a source told the Economic Times.
If you’ve ever had food delivered from McDonalds or Foodpanda in Singapore or spent a night at an Ascott hotel, there’s a chance that Singapore-headquartered fintech company Red Dot Payment (RDP) helped make that transaction possible.Founded in 2011, RDP provides an integrated payments solution for businesses, which allows clients to accept and process online transactions and handle invoices.The firm’s value to businesses and key differentiator is its payment gateway, which helps merchants access multiple payment options, RDP CEO and founder Randy Tan tells Tech in Asia.These include eNETS, DBS Paylah, UnionPay, WeChat Pay, Alipay, Virtual Accounts, Visa, and Mastercard.The company broke even in October 2018.This year, it is on track to processing over S$1 billion (US$722 million) in transactions.