BillDesk

Prosus N.V.: Termination of Agreement to Acquire BillDesk

Retrieved on: 
Monday, October 3, 2022
Technology, Payments, Finance, Fintech, Other Technology, Professional Services, Software, Internet, Data Management, Competition Commission, JSE Limited, OLX, AEX, Magazine, IFood, Technology, BillDesk, A2X Markets, Dott, Competition Commission of India, Health, BandLab Technologies, Worldpay Group, SimilarWeb, Blockchain, PayU, Acidovorax facilis, Luno, Wolt, Christian Klar, JSE, Delivery Hero, Forward-looking statement, CCI, Euronext Amsterdam, Auto Trader, BUX, Stack Overflow, Science and technology in Asia, Red Dot Payment, Cryptocurrency, Food delivery, Republic, Naspers, Meesho, Superside (company), Otodome Falls, Prosus, Azo dye, Erudition

Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.

Key Points: 
  • Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.
  • Prosus has been a long-term investor and operator in India - investing close to US$6 billion in Indian technology companies since 2005.
  • Prosus remains committed to the Indian market and growing its existing businesses within the region.
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

Termination of Agreement to Acquire BillDesk

Retrieved on: 
Monday, October 3, 2022
Finance, Business, Payments, Professional Services, Technology, Solution, African Solidarity Fund, Internet, Competition Commission, JSE Limited, AEX, Human, Technology, Nelson Mandela, BillDesk, A2X Markets, Competition Commission of India, PPE, Meal, COVID-19, PayU, NPN, American depositary receipt, JSE, Auto Trader, Forward-looking statement, CCI, Euronext Amsterdam, ADR, Good, Renewable energy, Security (finance), Pharmaceutical industry, Naspers, Prosus

Naspers Limited ("Naspers") (JSE: NPN): On 31 August 2021, Naspers announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus N.V. (Prosus), and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.

Key Points: 
  • Naspers Limited ("Naspers") (JSE: NPN): On 31 August 2021, Naspers announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus N.V. (Prosus), and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.
  • Closing of the transaction was subject to the fulfilment of various conditions precedent, including approval by the Competition Commission of India (CCI).
  • Naspers, through its subsidiary Prosus, has been a long-term investor and operator in India - investing close to US$6 billion in Indian technology companies since 2005.
  • Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world.

Naspers Limited: Results of Annual General Meeting and Prosus Dividend Payment

Retrieved on: 
Thursday, August 25, 2022
Professional Services, IOT (Internet of Things), Technology, Data Analytics, Other Technology, Internet, Science and technology in Asia, South African Reserve Bank, COVID-19, Food, Technology, CEO, Safety, IFood, African Solidarity Fund, PayU, Good, Agtech, Auto Trader, Solution, BillDesk, Meal, OLX, Heart, Remuneration, Sale, Disclosure, Association of British HealthTech Industries, Indian Red Cross Society, Intelligence, Forward-looking statement, Investment, Human, Nelson Mandela, Euronext Amsterdam, STI, American depositary receipt, Population, Internet, ADR, Uncertainty, Climate, Face, International Red Cross and Red Crescent Movement, Ecosystem, PPE, JSE Limited, Growth, Review, Life, Acquisition, Employment, Organic, Holding company, Bookkeeping, Bank, Management, Marketing, Renewable energy, Risk management, Security (finance), Pharmaceutical industry, Naspers, Prosus, Tencent

To increase net asset value per share, this year we initiated an open ended repurchase programme of Naspers and Prosus shares.

Key Points: 
  • To increase net asset value per share, this year we initiated an open ended repurchase programme of Naspers and Prosus shares.
  • Due to the repurchase of Naspers N ordinary shares, the exact dividend per share can only be determined closer to the dividend payment date and will accordingly be announced on the dividend finalisation date on Tuesday, 27 September 2022.
  • Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.
  • Naspers contributed R1.5 billion of emergency aid to support the South African governments response to the COVID-19 pandemic.

Prosus delivers strong revenue growth with profitable core operations; announces open-ended share repurchase programme

Retrieved on: 
Monday, June 27, 2022
Online Retail, Internet, Professional Services, Blockchain, Fintech, Sustainability, Technology, Environment, Retail, Finance, Other Technology, Food Tech, Stack Overflow, COVID-19, Growth, Net asset value, Blockchain, Red Dot Payment, Acidovorax facilis, Euronext Amsterdam, Science and technology in Asia, Christian Klar, Venture, SICA, Auto Trader, Life, NAV, JSE Limited, OLX, Luno, AEX, SimilarWeb, Food, Investment, BandLab Technologies, BUX, Paris Agreement, Solution, Disability, Education, Acquisition, GHG, Technology, Carbon, Climate, Dow Jones, ESG, Worldpay Group, Learning, Health, Agtech, TPV, PayU, A2X Markets, Wolt, GMV, Sale, E-commerce, IFood, BillDesk, Magazine, Delivery Hero, Bank, Online shopping, Cryptocurrency, Video game, Food delivery, Retail, Airline, Renewable energy, Erudition, Skillsoft, Group, Republic, Azo dye, Food delivery, Superside (company), Naspers, Prosus, Educational technology, Meesho, Otodome Falls

This performance was led by 93% growth in Classifieds, 77% growth in Food Delivery, 55% growth in Edtech and 45% growth in Payments & Fintech.

Key Points: 
  • This performance was led by 93% growth in Classifieds, 77% growth in Food Delivery, 55% growth in Edtech and 45% growth in Payments & Fintech.
  • Classifieds, as well as core payments, remain profitable, with trading profit of profitable ecommerce businesses increasing 17% to US$493m.
  • With strong operational execution, good consumer traction, and improving profitability in core operations, the Group increased investment to pursue opportunities for each segment.
  • A detailed breakdown of the Net Asset Value of the Prosus portfolio, based on market consensus estimates, is on the Prosus website here .

Strong Growth Continues at Prosus, on Top of Increased Scale

Retrieved on: 
Monday, November 22, 2021
Internet, Finance, Other Education, Professional Services, Technology, Food, Beverage, Education, Retail, Benchmark, BUX, United Nations Global Compact, Tencent, ESG, Blockchain, Mail.ru Group, Trust, Investment, Stack Overflow, Flink, Disability, BillDesk, TPV, Euronext Amsterdam, Auto Trader, Technology, Adevinta, Social commerce, Learning, IRR, Task force, Carbon, JSE Limited, OLX, Health, Education, Solution, Payment, Christian Klar, Magazine, GMV, A2X Markets, Republic, Science and technology in Asia, Growth, Safety, Acquisition, Group, Mission statement, SICA, COVID-19, Nasdaq, PayU, Wolt, Ownership, Climate change, AEX, Bank, Online shopping, Cryptocurrency, Food delivery, Video game, Retail, Airline, Renewable energy

Ecommerce revenues grew 53% to US$4.2bn versus a strong performance for the same period last year, and outpacing revenue growth at Tencent.

Key Points: 
  • Ecommerce revenues grew 53% to US$4.2bn versus a strong performance for the same period last year, and outpacing revenue growth at Tencent.
  • This performance was led by 101% growth in Classifieds, 86% growth in Food Delivery, 51% growth in Edtech, and 44% growth in Payments and Fintech.
  • Delivery Hero again recorded strong organic growth again in the first six months of its financial year to June 2021, supplemented by the Woowa acquisition.
  • Operating margins in the Food Delivery segment improved meaningfully by 6 percentage points, as the business benefitted from increased scale.

Prosus Agrees Acquisition of BillDesk by PayU for US$4.7bn

Retrieved on: 
Tuesday, August 31, 2021
Mobile, Wireless, Technology, Finance, Banking, Professional Services, Software, Networks, Internet, Retail, Online Retail, Industry, Ecosystem, Government, Annual report, TPV, BillDesk, Remittance, Reserve Bank of India, RBI, Growth, AEX, Acquisition, PayU, Science and technology in Asia, Reserve Bank, Competition Commission of India, Euronext Amsterdam, JSE Limited, Naspers, Health, Credit, Blockchain, Competition Commission, Mail.ru Group, CEO, EMEA, Strategy, A2X Markets, Technology, Bank, Industrial design, Cryptocurrency, Retail, Mobile phone

The proposed acquisition will see PayU, the payments and fintech business of Prosus which operates in more than 20 high-growth markets, become one of the leading online payment providers globally by total payment volume (TPV).

Key Points: 
  • The proposed acquisition will see PayU, the payments and fintech business of Prosus which operates in more than 20 high-growth markets, become one of the leading online payment providers globally by total payment volume (TPV).
  • PayU focuses on high-growth markets and operates across three distinct businesses:
    Payments for domestic and cross border transactions.
  • BillDesk, founded in 2000, is an Indian success story and one of the leading payment businesses in the country.
  • M N Srinivasu, Co-founder of BillDesk, said: BillDesk has been a pioneer in driving digital payments in India for well over a decade.