China's Alipay has sold its stake in India's Zomato for nearly $400 million, as per a leaked term sheet. Prosus, the Dutch investment arm of Naspers, has marked down the valuation of Indian edtech giant Byju's to 'sub-$3 billion' and expects to achieve a profit at its e-commerce business sooner than expected. Additionally, the Indian unit of Prosus' PayU financial technology firm is seeking an IPO within the next 12 months.
Ant Financial gains 4x profit after selling 3.4% stake in Zomato https://t.co/PLPq7rpQjn
Prosus has two problematic children—Byju’s and PharmEasy. For the third time, the Netherlands-based company has marked down its valuation of Byju’s within a year. This and more in today’s explainer by @ujjainidutta_ and @ditipujara. https://t.co/8REPJLnTx9
Take a look at the top headlines: ➡️ Prosus labels Byju’s, PharmEasy as ‘large underperformers’ ➡️ Jack Ma believes Alibaba needs ‘change and reform’ ➡️ LockBit targets India’s NAL ➡️ 9 of 10 Indians confident of government tackling social inequalities https://t.co/8REPJLnTx9
ETtech Top 5 | Prosus cuts #Byju's valuation to under $3 billion; #PayU India, #Swiggy H1 financials Also in this letter: ■ #Amazon India marketplace loss widens 33% in FY23 ■ Alipay sells entire stake in #Zomato https://t.co/GfjP7nC562
China's Alipay is selling stake in India's Zomato for nearly US$400 million - term sheet https://t.co/58bUohkkwW
The Indian unit of Prosus’ PayU financial technology firm is seeking an IPO within the next 12 months https://t.co/nG63Xemu9K
Prosus further slashes Byju’s valuation to under $3b https://t.co/oS8UVXi1bi
The Indian unit of Prosus’ PayU financial technology firm is seeking an IPO within the next 12 months https://t.co/TbMLJN2lN8
The Indian unit of Prosus’ PayU financial technology firm is seeking an IPO within the next 12 months https://t.co/PV56FapFeF
The Indian unit of Prosus’ PayU financial technology firm is seeking an IPO within the next 12 months https://t.co/XiQCQ947lQ
🚨🚨 #JustIn | Prosus on @BYJUS valuation https://t.co/dINuiRSu3V
Prosus slashes Indian edtech giant Byju’s valuation to ‘sub-$3 billion’: https://t.co/foc1BwAPBq by TechCrunch #infosec #cybersecurity #technology #news
Prosus slashes Indian edtech giant Byju's valuation to 'sub-$3 billion' https://t.co/PGIFhBh8AP by @refsrc
Prosus has marked down the valuation of Byju's, India's most valuable startup, to "sub-$3 billion."
Prosus, the Dutch investment arm of Naspers, says it expects to achieve a profit at its e-commerce business sooner-than-expected https://t.co/3gG0F8fLl5
Prosus, the Dutch investment arm of Naspers, says it expects to achieve a profit at its e-commerce business sooner-than-expected https://t.co/kh7lCZVFdP
#FPTech: #China's #Alipay pulls out of #Zomato, sells its stake for $400 million, as per leaked term sheet https://t.co/KWzvLbHnEp
Byju's, Pharmeasy among "large underperformers" impacting IRR, Prosus discloses in a report. https://t.co/kVAcEER9dP
China's Alipay sells stake in India's Zomato for nearly $400 mln - term sheet https://t.co/2JZgbcT4hd https://t.co/qWarOVwqf9