Among the world’s largest tech investors cultivating nearly $ 10 billion across hosts of Indian internet startups such as Flipkart, Swiggy and Meesho, investment companies bring significant profits to the Indian market even later. I’m sure there is a possibility. Investors like the South African group said in an exclusive interview with Vandike. “We have invested about $ 1.5 billion in payments,
Over the years, it’s now more than tripled in value. This is a wonderful story of organic growth, “said van Dijk, CEO of Naspers. “Also, if you want to scale up, and if scaling up is very important in your payments business, you may want to work together to do the M & A.”
After the acquisition, BillDesk and PayU, a global payments brand for high-tech multinationals, have emerged as one of the top online payment providers, both globally and locally, with a total annual payments (TPV) of $ 147. increase. a billion.
Indian start-ups have accumulated unprecedented capital this year, recording about $ 20.76 billion as of August 20, according to data provided by industry tracker Venture Intelligence. This year, 25 new unicorns, a technology industry term for companies worth over $ 1 billion, were born.
“Clearly a lot of money is floating, which leads to large-scale transactions, which I think is justified by the potential of the market,” Vandik said.
“The businesses we support have great benefits from where we invest. Bill Desk is a good example. The same goes for companies like Meesho, Swiggy, Urban Company, Elastic Run and Pharm Easy. I can say. There is a fair amount of money. It is paid, but in our view the benefits are tremendous, “he added.
Prosus, which has been operating in India for over 15 years and is now accelerating its investment in India, has not affected allocations and strategies as a result of the Chinese government’s crackdown on tech companies. To that CEO.
Naspers holds a 29% stake in China’s Tencent through Prosus, but does not invest directly in China.
“In the short term, ups and downs don’t really affect the strategy. It’s not India, nowhere else,” he said.
According to a Bloomberg report, Beijing’s crackdown on the “common prosperity” agenda has dropped tech conglomerate Tencent’s share price by almost 50% from its February peak.
Market opportunities justify the money floating for Indian start-ups, says Prosus Group CEO