Naspers’ strategic focus on South African tech startups is starting to pay off ...Middle East

Quartz - Economy
Naspers’ strategic focus on South African tech startups is starting to pay off
source : Quartz ( Middle East ) () 22
Naspers, Africa’s biggest company by market cap, has taken a wide-ranging approach to its international investments, from food delivery in Germany and Brazil, to edtech in India. In recent years, its growth in Africa has had a more singular focus: backing South African tech startups with global potential.Naspers began as a local newspaper company 100 years ago in South Africa. In 2018, it pledged $314 million to fund and grow South African tech businesses, dedicating a $92 million slice to a startup fund called Naspers Foundry.That pot made the Foundry one of the continent’s biggest investment vehicles. With a focus on Series A and B startups with the potential to develop the country’s tech

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