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The Latest Breaking News from Prosus

QOSMIC raises $3.3 million from Prosus, Accel, South Park Commons to solve space’s growing data bottleneck

Bengaluru-based QOSMIC has secured $3.33 million in seed funding to tackle a growing bottleneck in space: getting vast amounts of satellite data back to Earth. The newly raised capital will be used to scale manufacturing, integration and testing capabilities, while expanding engineering teams across optics, mechanical systems and electronics.

The Economic Times

Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

The Economic Times

Pocket FM begins reverse flip talks; eyes potential India IPO

Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to India, signalling potential plans for a domestic public listing. This move follows rival Kuku Technologies' formal steps towards an IPO, intensifying focus on India's growing audio and mobile-first storytelling market.

The Economic Times

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Sachin Bansal’s Navi in talks to raise $250-300 million from Prosus, Accel US

Sachin Bansal's Navi Technologies is in talks to raise $250-300 million at a $1.8-2 billion valuation, potentially from Prosus and Accel Growth Fund. This funding aims to expand its lending business in Southeast Asia, following strong performance in India. The move comes after a period of regulatory scrutiny and a…

The Economic Times

ETtech Explainer: How Swiggy’s failed bid to become an Indian firm matters for Instamart

Swiggy's bid to become an Indian-owned-and-controlled company (IOCC) has been delayed after shareholders failed to approve changes to its articles of association. This governance reset was crucial for its Instamart unit to gain inventory flexibility and improve margins, a strategy that benefited rival Eternal.

The Economic Times

Flipkart puts IPO on ice; Rapido's $240 million raise

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.

The Economic Times

Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billion

Urban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is part of a larger $730 million round and will be used to expand markets, grow its captain network, and enhance technology.

The Economic Times

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3 Undervalued European Tech Stocks to Buy After the Ceasefire

The April 8 Iran ceasefire sparked a 5% surge in European tech, drawing attention to undervalued names like SAP, Spotify, and Prosus. Is it time to buy?

MarketBeat

Just Eat founding boss Jitse Groen stepping down months after takeover

Jitse Groen founded Just Eat in 2000, growing it from a student-led idea into a takeaway food delivery giant which now has operations in 16 countries.

Evening Standard

Just Eat £3.6bn takeover by Prosus wins green light from EU watchdogs

The European Commission said new conditions to the tie-up will protect consumer choice when it comes to ordering food at home.

The Independent UK

EU clears €4.1bn Just Eat takeover but prevents food delivery mega-merger

Brussels approves Naspers’ takeover of Just Eat Takeaway.com but orders Delivery Hero’s owner to sell down rival shares to safeguard competition in Europe’s food delivery market.

Euronews

Just Eat profits dip following fewer takeaway orders

The food delivery company is currently preparing for a takeover

The Independent UK

Just Eat sales dip as it warns yearly earnings to be at ‘lower end’ of forecasts

The food delivery company is preparing to be taken over by South African-owned firm Prosus as it awaits regulatory approval.

Evening Standard

FTSE 100 claws back losses after US credit rating downgrade

Markets had initially dropped on Monday after ratings agency Moody’s downgraded the US from its triple-A credit rating.

Evening Standard

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Evening Standard

Prosus launches £3.4bn takeover offer for Just Eat in deal ‘milestone’

Prosus is set to become the fourth largest food delivery group in the world following the takeover.

Evening Standard

Just Eat sales flatline after weaker-than-expected UK orders

The group revealed flat growth ahead of its proposed takeover by South African-owned firm Prosus.

The Guardian - UK

Sharmilee, Leicester: ‘It really is worth your time’ – restaurant review

Our hugely influential restaurant critic, leaving the Observer after 26 years, finishes up with an Indian feast

The Guardian - UK

Just Eat Takeaway.com bought by South Africa’s Prosus in €4bn deal

Food delivery group’s board approves takeover by investor in German rival Delivery Hero

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The Independent UK

£3.4bn Just Eat takeover set to shake up food delivery sector

Amsterdam-based Just Eat has had a difficult few years following the pandemic when households were forced to eat at home

Evening Standard

Just Eat to be bought by investment group Prosus in £3.4bn deal

The planned all-cash offer comes after a difficult past few years for Amsterdam-based Just Eat.

International Business Times UK

Who Is Byju Raveendran? 44-Year-Old CEO of India's Byju Is Voted 'Worst CEO' By Reddit Community, Here's Why

Byju Raveendran, once India's most valued startup founder, was voted the worst by a Reddit community.

The Hindu

Majority of Byju's shareholders vote for removing CEO, family members; company calls vote invalid

Byju's shareholders vote to remove founder CEO over mismanagement, sparking legal battle and corporate turmoil.

Top News

Prosus Shares Insights On Building AI Capabilities Across Portfolio Companies

Learn valuable lessons from venture investors like Prosus on successful AI integration and transformation for sustainable business growth.

Fortune

Lesson from tech investor Prosus on generative A.I.

Generative A.I. needs to be embedded in a pipeline that provides safeguards, Prosus A.I. execs say

Evening Standard

Just Eat Takeaway sells iFood stake in £1.5 billion deal

The company is also under pressure to sell its US arm GrubHub

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