About Naspers
Naspers is a venture capital firm founded in 1915. It is primarily based out of Cape Town, South Africa. As of Jan 2024, Naspers has invested in 87 companies. It primarily invests in Series B round in India based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and Retail. Most recently it participated in the $***** Series E round of The Good Glamm Group Overall, Naspers portfolio has seen 8 unicorns, 13 IPOs and 27 acquisitions including key companies like Flipkart, Swiggy and Urban Company. A lot of funds co-invest with Naspers, with names like Prosus sharing a substantial percentage of its portfolio. Naspers has team of 25 people including 12 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 8 more
Portfolio IPOs
Naspers' List of Top Investments
Naspers has a portfolio of 87 companies, including 8 unicorns. Their most notable investments are in Shipper and Esky.Their portfolio spans across India, South Africa, United States and 18 more locations. They have invested in Consumer, Enterprise Applications, Retail and 28 other sectors, across stages such as Series A, Seed and 8 more. Here is the list of top investments by Naspers:
1. Flipkart
Online retailer of various products including electronics, fashion, and groceries. The business provides an array of items such as mobile devices, laptops, televisions, and home appliances. Customers can also find clothing, footwear, beauty products, and home furnishings. Additionally, the retailer offers grocery items, baby care products, and sports equipment.
Key facts about Flipkart
- Founded Year: 2007
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $12.1B
- Employee Count: 19,428 as on Apr 30, 2026
- Investors: Helion Venture Partners, Fidelity Investments and 126 Others
- Latest Funding Round: Series J, May 25, 2024, $*****
- Highlight: Acquired
2. Swiggy
Hyperlocal delivery and convenience platform for ordering food and groceries. It is a food delivery and quick-commerce platform, with services for food ordering, groceries, dining-out, and pickup and delivery. It uses nearby dark stores or neighborhood cloud stores to fulfill orders, rather than relying on a conventional warehouse or store-to-door grocery workflow. The platform allows users to discover restaurants and order meals. It also provides a service for ordering groceries online. The platform uses tech for order tracking, payments, and customer communication.
Key facts about Swiggy
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $3.62B
- Employee Count: 5,263 as on Aug 31, 2025
- Investors: Harmony Partners, Fidelity Investments and 89 Others
- Latest Funding Round: Post IPO, Dec 12, 2025, $*****
- Highlight: Public
Provider of home maintenance repair and personal care service professionals. This business facilitates the booking of technicians for appliance repair, plumbing, electrical work, and cleaning tasks. It also connects individuals with practitioners for salon, spa, and grooming treatments performed at residential addresses. The service model coordinates scheduling for various household maintenance and wellness requirements.
Key facts about Urban Company
- Founded Year: 2014
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $376M
- Employee Count: 2,050 as on Apr 30, 2026
- Investors: Naspers, ABG Capital and 49 Others
- Latest Funding Round: Angel, Jun 29, 2022, $*****
- Highlight: Public
4. MakeMyTrip
Online travel platform offering booking services. It offers platform for booking and managing various travel arrangements, including flights, hotels, and packages, serving customers.
Key facts about MakeMyTrip
- Founded Year: 2000
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $39M
- Employee Count: 7,464 as on May 31, 2026
- Investors: Helion Venture Partners, Naspers and 11 Others
- Latest Funding Round: Post IPO, Jun 17, 2025, $*****
- Highlight: Public
5. Avito
Online marketplace platform offering multi-category second-hand products. Its product catalog includes pet supplies, automobiles, fashion, stationery, property, electronics, beauty, home products, and more. Its mobile application is available on Android and iOS platforms.
Key facts about Avito
Naspers' Year-on-Year Investment Trends
Naspers has invested in 100 companies over the last 19 years, with an average of 4 new investments annually in the last 10 years. Its most recent first time investment was in VIRGIO and most recent follow-on round was in The Good Glamm Group.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 1 | 1 |
2023 | 0 | 4 | 4 |
2022 | 6 | 3 | 9 |
2021 | 9 | 3 | 12 |
2020 | 4 | 3 | 7 |
2019 | 6 | 6 | 12 |
2018 | 6 | 6 | 12 |
2017 | 8 | 10 | 18 |
Naspers' Investments by Stage
Naspers has made 23 investments in Series A stage with an average round size of $25.4M, 13 investments in Seed stage with an average round size of $5.36M and 11 investments in Series B stage with an average round size of $21.9M.Stage of entry | No. of Investments |
|---|---|
Series A | 23 |
Seed | 13 |
Series B | 11 |
Series D | 7 |
Series C | 5 |
Others | 9 |
Note: We have considered here, only first round of investments
Naspers' Investments by Sector
Naspers has a diverse portfolio, with companies operating in the Consumer, Retail, Enterprise Applications, FinTech and Food and Agriculture Tech. Notably, it has invested in 77 Tech companies, 63 Consumer (B2C) companies, 40 Enterprise (B2B) companies and at least 35 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 41 |
Retail | 22 |
Enterprise Applications | 16 |
FinTech | 12 |
Food and Agriculture Tech | 10 |
Others | 88 |
Note: We have considered here, only first round of investments
Naspers' Investments by Geography
Naspers has made most investments in India (22), followed by South Africa where it has made 13 investments.Country | No. of Investments |
|---|---|
India | 22 |
South Africa | 13 |
United States | 8 |
Brazil | 5 |
Netherlands | 2 |
Others | 18 |
Note: We have considered here, only first round of investments
Naspers' recent investments
Naspers has not made any investment in 2026 so far.Here are the most recent investments by Naspers:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 18, 2024 | India | Series E | 8913 | [+3] | |
Dec 01, 2023 | India | Series C | 3863 | [+5] | |
Apr 15, 2023 | India | Series E | 1339 | [+10] | |
Mar 02, 2023 | United States | Series A | 6802 | [+14] | |
Feb 22, 2023 | South Africa | Series A | 8571 | [+1] |
Unicorns in Naspers' Portfolio
Naspers has 8 unicorns in its portfolio - PayU, Immutable, ElasticRun and others. The most recent unicorn in their portfolio is PayU. It became a unicorn in 2025.Here is a list of unicorns in Naspers' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
84 | Provider of online payment solutions and financial services for businesses | 2002 | Amsterdam | Series C | hvgcudk | ||
72 | Blockchain-based infrastructure for NFT games and applications | 2018 | Sydney | Series C | nvxkmjh | ||
75 | Platform offering rural B2B E-commerce and logistics | 2014 | Pune | Series E | bmtguls | ||
73 | Digital healthcare management tool | 2012 | Mumbai | Series F | xrdvwab | ||
53 | Online platform for asset-backed loans | 2012 | - | Series E | dxngbev |
IPOs and Publicly Listed companies in Naspers' Portfolio
13 of Naspers' portfolio companies have become public. Meesho got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Dec 2025 at marketcap of $5.57B and Urban Company got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $1.69B.Here are Naspers' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 10, 2025 | Aug 08, 2019 | Series D | 7717 | |
Sep 17, 2025 | Apr 27, 2021 | Series F | 2805 | |
Nov 13, 2024 | May 29, 2017 | Series E | 7427 | |
May 15, 2024 | Mar 28, 2012 | Seed | 1119 | |
Sep 23, 2021 | - | - | 5504 |
Acquired companies in Naspers' Portfolio
27 companies from Naspers' portfolio have been acquired. The most recent acquisition was Udemy in Dec 2025 by Coursera for $*****.Here are Naspers' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 17, 2025 | May 2016 | Series D | 2408 | |
Jan 17, 2024 | Dec 18, 2019 | Series B | 7634 | |
Sep 28, 2023 | - | - | 3625 | |
Jul 18, 2023 | Sep 03, 2015 | Series A | 7981 | |
Oct 14, 2022 | Mar 12, 2013 | Series B | 4234 |
Team profile of Naspers
Naspers has a team of 25 members including 12 Partners and 3 Principals located in United States, South Africa and 6 more locations. Naspers' team does not sit on the board of any company as of now.Here is a list of top team members in Naspers:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Cape Town | - | ||
Partner | Sao Paulo | - | ||
Partner | Hong Kong | - | - | |
Partner | San Francisco | - | ||
Partner | South Africa | - | ||
Partner | San Francisco | - | ||
Partner | Delhi | - | ||
Partner | Hong Kong | - | - | |
Partner | Amsterdam | - | ||
Partner | San Francisco | - | ||
Partner | Johannesburg | - | - |
Co-investors of Naspers
Over the past 19 years, 866 investors have co-invested in Naspers's portfolio companies. This includes funds and angels.
- Invested before Naspers: Accel, Elevation Capital and 380 others have invested in rounds before Naspers. There are 7 companies where Accel has invested before Naspers and 6 companies where Elevation Capital has invested before Naspers.
- Top Co-investors of Naspers: 82 investors entered a company along with Naspers. These include investors like Prosus (10 companies).
- Invested after Naspers: A total of 402 investors have invested in Naspers's portfolio after their investments. Top Investors include Prosus (11 companies), SoftBank Vision Fund (6 companies) and Fidelity Investments (5 companies).
Recent News related to Naspers
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Naspers Reports 84% Profit Jump Driven by AI and Digital GrowthBizcommunity.com•Jun 29, 2026•Naspers
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Tech And Health Industries Contribute Billions To South Africa’s VC Sector, Report Finds
Forbes Africa•Jul 24, 2025•SAVCA, StartupBlink, Naspers, Telkom and 2 others
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Prosus to acquire food delivery Just Eat for $4.3bStartupNews•Feb 24, 2025•Prosus, Just Eat Takeaway, Naspers, Delivery Hero and 2 others
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Prosus Eyes Payu Ipo In 2025 After Stellar Swiggy ListingTechCrunch+•Nov 13, 2024•Prosus, Naspers, Swiggy
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