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Tencent falls nearly 8% after the firm's largest shareholder said it plans to sell $14.6 billion of its holdings

Prosus said it plans to sell $14.6 billion of Tencent stock, but it will remain the tech giant's la…

Will Daniel   


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Prosus commits Rs 100 crore for PM's Covid relief fund

Prosus has invested around USD 5 billion (about Rs 37,900 crore) in Indian technology companies sin…

PTI   


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BlackRock reduces Byju's valuation to mere $1 billion

Byju's did not immediately comment on the latest valuation cut. This isn't the first time BlackRock…

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Swiggy raises USD 113 mn from investors led by Prosus

"We have become synonymous with exceptional customer experience and created multiple growth avenue…

PTI   


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Logistics startup ElasticRun raises $40 million to expand to new geographies

Pune-based logistics firm ElasticRun raised $40 million from Prosus Ventures, which was formerly ca…

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2 mins read

India's once-hot startup Byju's was valued at $22 billion. Now, BlackRock says its investment is worth nothing.

The Indian company, once valued at $22 billion, is facing legal and financial troubles. HSBC just w…

Shubhangi Goel   


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SoftBank, Naspers, and Warren Buffett's Berkshire Hathaway are cutting their iconic bets on Chinese tech stocks

Berkshire has sold about $600 million of BYD stock, SoftBank is slashing its Alibaba stake by nearl…

Theron Mohamed   


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Swiggy appoints 3 independent directors to its Board

Swiggy on Monday announced it has appointed three independent directors to its Board - Mallika Srin…

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Star Sports President Gautam Thakar appointed Global CEO of OLX Autos

Prosus-owned OLX Group on Monday said it has appointed former Star Sports President and CEO Gautam …