# Naspers: portfolio, investments and team

> Naspers is a vc firm based in South Africa. 66 investments on record, latest Jan 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/naspers (Millionrounds; every figure on the page links to its filing or article)

South Africa · [Investor](https://millionrounds.com/investors)

# Naspers

Last cheque observed Jan 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Seed Series A Health Care Manufacturing Consumer Electronics

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 66 on record

Since the last cheque **642** days **00** hrs **00** min **00** sec

Median round **$48M** Rounds led **8 of 66** Sole investor **24 rounds** Exits **4 from the portfolio** Mostly in **India, 19%**

Pitch Naspers

## Naspers highlights

- 01 66 rounds on record
- 02 Mostly Series C and Venture: 43% of its rounds
- 03 Sole investor in 24 rounds, median $63M
- 04 4 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Health Care Manufacturing Consumer Electronics
- **Based in:** Cape Town, South Africa
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **66 appearances**

- **2025** 1 round
- **Jan** **[Naked](https://millionrounds.com/company/naked)** Series B · ZA · Disrupt Africa **$38M** *Led*
- **2019** 10 rounds
- **Dec** **[ZestMoney](https://millionrounds.com/company/zestmoney)** Series B · IN · Pymnts **$15M** With 3 others
- **Oct** **[ElasticRun](https://millionrounds.com/company/elasticrun)** Series C · IN · Moneycontrol **$45M** With 1 other
- **Oct** **[SweepSouth](https://millionrounds.com/company/sweepsouth)** ZA · Ventureburn **$4.3M** With 5 others
- **Sept** **[Immutable](https://millionrounds.com/company/immutable)** Series A · AU · FinSMEs **$15M** *Led*
- **Aug** **[Meesho](https://millionrounds.com/company/meesho)** Series D · IN · TechCrunch **$125M** *Led*
- **Jul** **[Brainly](https://millionrounds.com/company/brainly)** PL · FinSMEs **$30M** *Led*
- **Jul** **[Dott](https://millionrounds.com/company/dott)** Series A · NL · FinSMEs **$34M** With 5 others
- **Jun** **[SweepSouth](https://millionrounds.com/company/sweepsouth)** ZA · Medium **$2.1M** Sole investor
- **Apr** **[QuickRide](https://millionrounds.com/company/quickride)** Series B · IN · Techcircle **$14M** *Led*
- **Apr** **[Carousell](https://millionrounds.com/company/carousell)** SG · TechCrunch **$56M** Sole investor
- **2018** 6 rounds
- **Dec** **[Byju](https://millionrounds.com/company/byju)** IN · TechCrunch **$540M** *Led*
- **Nov** **[iFood](https://millionrounds.com/company/ifood)** BR · FinSMEs **$500M** With 1 other
- **Aug** **[letgo](https://millionrounds.com/company/letgo)** Series E · ES · FinSMEs **$500M** With 5 others
- **May** **[Frontier Car Group](https://millionrounds.com/company/frontier-car-group)** NG · Techmoran **$89M** Sole investor
- **May** **[Honor](https://millionrounds.com/company/honor)** Series C · US · FinSMEs **$50M** Sole investor
- **Feb** **[Joymode](https://millionrounds.com/company/joymode)** Series A · US · FinSMEs **$14M** With 6 others
- **2017** 9 rounds
- **Dec** **[Creditas](https://millionrounds.com/company/creditas)** Series C · BR · FinSMEs **$50M** With 4 others
- **Dec** **[Movile](https://millionrounds.com/company/movile)** Series G · BR · TechCrunch **$82M** With 1 other
- **Oct** **[Brainly](https://millionrounds.com/company/brainly)** PL · TechCrunch **$14M** With 4 others
- **May** **[Swiggy](https://millionrounds.com/company/swiggy)** IN · TechCrunch **$80M** Sole investor
- **May** **[Delivery Hero](https://millionrounds.com/company/delivery-hero)** DE · TechCrunch **$426M** Sole investor
- **May** **Twiggle** Series B · IL · FinSMEs **$15M** With 3 others
- **Apr** **[Takelot](https://millionrounds.com/company/takelot)** ZA · FinSMEs **$69M** Sole investor
- **Feb** **[Creditas](https://millionrounds.com/company/creditas)** Debt · BR · FinSMEs **$19M** With 6 others
- **Jan** **[letgo](https://millionrounds.com/company/letgo)** US · FinSMEs **$175M** With 3 others
- **2016** 4 rounds
- **Nov** **[Codecademy](https://millionrounds.com/company/codecademy)** **$30M** *Led*
- **Jul** **[Codeacademy](https://millionrounds.com/company/codeacademy)** Series C · US · TechCrunch **$30M** Sole investor
- **Feb** **[Udemy](https://millionrounds.com/company/udemy)** **$60M** *Led*
- **Jan** **[letgo](https://millionrounds.com/company/letgo)** **$100M** With 1 other
- **2015** 6 rounds
- **Nov** **[Avenida](https://millionrounds.com/company/avenida)** Series C · AR **$30M** With 1 other
- **Oct** **[SimilarWeb](https://millionrounds.com/company/similarweb)** Series E · GB **$25M** With 1 other
- **Oct** **[Avito.ru](https://millionrounds.com/company/avito-ru)** Growth · RU **$1.2B** Sole investor
- **Sept** **[letgo](https://millionrounds.com/company/letgo)** Series A · US **$100M** Sole investor
- **Apr** **[Movile](https://millionrounds.com/company/movile)** Series E · BR **$40M** Sole investor
- **Feb** **[M4JAM](https://millionrounds.com/company/m4jam)** ZA **Undisclosed** With 1 other
- **2014** 10 rounds
- **Nov** **[SimilarWeb](https://millionrounds.com/company/similarweb)** Series D · GB **$15M** With 1 other
- **Nov** **[Flipkart](https://millionrounds.com/company/flipkart)** Series H · IN **$600M** With 9 others
- **Oct** **[Konga Online Shopping Limited](https://millionrounds.com/company/konga-online-shopping-limited)** Series C · NG **$40M** With 1 other
- **Sept** **[Avenida](https://millionrounds.com/company/avenida)** Venture · AR **$18M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **11** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**5+** funds on file numbered funds in its name

## Exits from the portfolio

Companies it backed that were later bought or listed **4 in all**

**[Flipkart](https://millionrounds.com/company/flipkart)** Bought by [Ebay](https://millionrounds.com/fund/ebay) **Undisclosed** Aug 2017

**[Souq.com](https://millionrounds.com/company/souq-com)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **$580M** Jul 2017

**[Avito.ru](https://millionrounds.com/company/avito-ru)** Bought by [Naspers](https://millionrounds.com/fund/naspers) **$1.2B** Oct 2015

**[Nimbuzz](https://millionrounds.com/company/nimbuzz)** Bought by New Call Telecom **$175M** Oct 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**[Avito.ru](https://millionrounds.com/company/avito-ru)** **$1.2B** Oct 2015

**[Dubizzle](https://millionrounds.com/company/dubizzle)** **Undisclosed** Aug 2013

**OLX Indonesia** **Undisclosed** Nov 2012

**LazienkaPlus** **Undisclosed** Nov 2012

**FixeAds** **Undisclosed** Sept 2012

**eMAG** **Undisclosed** Jul 2012

**[NetRetail Holding](https://millionrounds.com/company/netretail-holding)** **Undisclosed** Jun 2012

**Slando** **$29M** Oct 2011

**7Pixel** **Undisclosed** Apr 2011

**[Multiply](https://millionrounds.com/company/multiply)** **Undisclosed** Sept 2010

**Buscapé** **$374M** Oct 2009

**[Buscape](https://millionrounds.com/company/buscape)** **$374M** Oct 2009

## The cheque

Seed Series A

Median round joined **$48M** the round, not its cheque Alone, median **$63M**

Led 8 of 66 rounds **12%**

- **Sole investor:** 24 rounds
- **Last cheque:** Jan 2025
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Series C *8*
- Venture *7*
- Series A said *7*
- Series B *7*
- Growth *6*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) 8
- [Accel](https://millionrounds.com/fund/accel) 5
- [DST Global](https://millionrounds.com/fund/dst-global) 3
- [FJ Labs](https://millionrounds.com/fund/fj-labs) 3
- [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) 3
- [Kinnevik](https://millionrounds.com/fund/kinnevik) 3

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## Who they invest alongside

The investors most often in the same rounds as Naspers. A count of rooms they were both in, not a relationship either has claimed.

[**Tiger Global Management** VC firm **8** rounds together](https://millionrounds.com/fund/tiger-global-management)[**Accel** VC firm **5** rounds together](https://millionrounds.com/fund/accel)[**DST Global** Private equity **3** rounds together](https://millionrounds.com/fund/dst-global)[**FJ Labs** VC firm **3** rounds together](https://millionrounds.com/fund/fj-labs)[**Insight Partners** VC firm **3** rounds together](https://millionrounds.com/fund/insight-venture-partners)[**Kinnevik** VC firm **3** rounds together](https://millionrounds.com/fund/kinnevik)[**Quona Capital** VC firm **3** rounds together](https://millionrounds.com/fund/quona-capital)[**Collaborative Fund** VC firm **2** rounds together](https://millionrounds.com/fund/collaborative-fund)[**Digital Sky Technologies** Investment firm **2** rounds together](https://millionrounds.com/fund/digital-sky-technologies)[**Founder Collective** VC firm **2** rounds together](https://millionrounds.com/fund/founder-collective)[**ICONIQ Capital** Family office **2** rounds together](https://millionrounds.com/fund/iconiq-capital)[**Iconiq Capital** Growth equity **2** rounds together](https://millionrounds.com/fund/iconiq-capital-3)

## Recently backed

The latest companies Naspers put money into.

[**Naked** $38M · Jan 2025](https://millionrounds.com/company/naked)[**ElasticRun** $45M · Oct 2019](https://millionrounds.com/company/elasticrun)[**SweepSouth** $4.3M · Oct 2019](https://millionrounds.com/company/sweepsouth)[**Immutable** $15M · Sept 2019](https://millionrounds.com/company/immutable)[**Meesho** $125M · Aug 2019](https://millionrounds.com/company/meesho)[**Brainly** $30M · Jul 2019](https://millionrounds.com/company/brainly)

## Quick answers about Naspers

### What does Naspers invest in?

Naspers invests most often at Series C and Venture (43% of the rounds on record), in sectors such as Health Care, Manufacturing and Consumer Electronics.

### How active is Naspers?

66 investments on record, 0 of them in the last 12 months, and it led 8. The most recent was in Jan 2025.

### What has Naspers invested in recently?

Its most recent investments on record: Naked (Series B, Jan 2025), ZestMoney (Series B, Dec 2019) and ElasticRun (Series C, Oct 2019).

### How big are Naspers's cheques?

The median round it joins is $48M.

### Does Naspers lead rounds?

Sometimes: it led 8 of its 66 investments on record (12%).

### Where does Naspers invest?

Most of the companies it backs are in India (19%), South Africa (14%) and Brazil (14%).

### Is Naspers investing now?

No investments in the last 12 months; the latest was in Jan 2025.

### Who does Naspers invest alongside?

Most often Tiger Global Management (8 rounds together), Accel (5 rounds together) and DST Global (3 rounds together).

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