Naspers Looks to Invest $1bn in India

South African based investment group Naspers, the largest shareholder of Tencent, is looking to find their next big success as they plan to invest $1bn in India; Bloomberg reports the firm is already in talks to invest $200mn in fintech small business lender Capital Float and an undisclosed amount in payments security firm Wimbo; they are trying to replicate their previous success with Tencent and believe there could be an opportunity in the emerging Indian fintech market. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.