Company type | Naamloze Vennootschap |
---|---|
Euronext Amsterdam: PRX JSE: PRX A2X: PRX AEX component | |
ISIN | NL0013654783 |
Industry | Investments |
Headquarters | , |
Area served | Worldwide |
Key people | Koos Bekker (chairman) Ervin Tu (interim CEO) [1] Basil Sgourdos (CFO) |
Number of employees | 15,677 [2] |
Parent | Naspers Limited |
Website | prosus |
Prosus N.V., or Prosus, is a global investment group that invests and operates across sectors and markets with long-term growth potential. It is among the largest technology investors in the world. [3]
Prosus has invested across multiple verticals, including social / gaming, classifieds, payments and fintech, edtech, food delivery, and ecommerce. [4] Products and services of its businesses and investments are used by more than 1.5 billion people in 89 markets. [2]
Prosus is majority-owned by South African multinational Naspers. [5] In September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange. [6] Subsequent to its IPO , Prosus became the largest consumer Internet company in Europe by asset value. [7] Shares in the company were reported to have "soared on debut," [8] [5] although the company was trading at a significant discount to the value of its portfolio. [9]
The group's expansion into Internet platforms began in the 1990s, [2] spanning various tech investments, [10] including:
Prosus is best known for its investments in Tencent, dating back to a 45% share in 2001. [15] In 2019 the company attempted to acquire Just Eat, but lost the bidding war to Takeaway.com. [16]
In March 2022, Prosus announced it was writing off its 25.9% stake (worth approximately US$700m) in social media company VK after VK's CEO Vladimir Kirienko was put on a U.S. sanctions list. [17] [18]
Following the 2022 Russian invasion of Ukraine which began on February 24, many international, particularly Western companies pulled out of Russia. Unlike most of its Western competitors, Prosus has been slow to announce any disinvestments or scaling back of its operations in Russia, drawing criticism. The criticism concerned in particular its Avito service (a subsidiary of OLX), which among others publishes advertisements about recruiting to the Russian army. [19] [20]
No | Acquisition Date | Company | Price (USD) | Ref |
---|---|---|---|---|
1 | June 3, 2021 | Stack Overflow | $1.8 billion | [21] [22] |
2 | June 15, 2021 | GoodHabitz | $257 million | [23] [24] |
3 | August 19, 2022 | iFood | $1.8 billion | [12] [25] |
Yandex LLC is a Russian multinational technology company providing Internet-related products and services, including an Internet search engine called Yandex Search, launched in 1997, information services, e-commerce, transportation, maps and navigation, mobile applications, and online advertising. Yandex Holding Company was incorporated in 2000. As of 2016, it primarily served audiences in Russia, Kazakhstan, Belarus, Turkey and countries with a significant Russian-speaking population.
TRADUS is a global B2B marketplace for used commercial vehicles and heavy machinery in the categories Transport, Construction, Farming and Material Handling. In addition to vehicles and machines, sellers can also offer spare parts and pre-owned equipment. The user base of TRADUS consists of buyers and sellers from over 40 countries. Integrated translation software makes it possible for sellers and buyers from these countries to communicate in their own language.
VK, known as VK Group until 12 October 2021, is a Russian technology company. It started in 1998 as the parent company of Mail.ru, an e-mail service and went on to become a major corporate figure in the Russian-speaking segment of the Internet.
Mubadala Investment Company PJSC, or simply Mubadala, is an Emirati state-owned holding company that acts as one of the sovereign wealth funds of the Emirate of Abu Dhabi. The company was established in 2017 when then-named Mubadala Development Company and the International Petroleum Investment Company (IPIC) merged.
Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China.
Tencent Holdings Ltd. is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games.
Stack Overflow is a question-and-answer website for computer programmers. It is the flagship site of the Stack Exchange Network. It was created in 2008 by Jeff Atwood and Joel Spolsky. It features questions and answers on certain computer programming topics. It was created to be a more open alternative to earlier question and answer websites such as Experts-Exchange. Stack Overflow was sold to Prosus, a Netherlands-based consumer internet conglomerate, on 2 June 2021 for $1.8 billion.
Just Eat is an online food order and delivery platform. It was founded in 2001 in Kolding, Denmark as a food delivery company, and later headquartered in London, United Kingdom, from 2006 until it was purchased by Netherlands-based Takeaway.com in 2020 forming Just Eat Takeaway.com. Just Eat acts as an intermediary between independent takeaway food outlets and customers. The service operates under the Just Eat brand name in seven countries. The platform enables customers to search for local takeaway restaurants, place orders and pay online, and to choose from pick-up or delivery options. The company Just Eat plc acquired SkipTheDishes in Canada and Menulog in Australia and New Zealand.
Just Eat Takeaway.com N.V. is a Dutch multinational online food ordering and delivery company, formed from the merger of London-based Just Eat and Amsterdam-based Takeaway.com in 2020. It is the parent company of food delivery brands including Takeaway.com, Lieferando, Thuisbezorgd.nl, Pyszne.pl, 10bis in Israel, and those acquired from Just Eat, including SkipTheDishes and Menulog. Since the merger, the company has acquired Grubhub in the United States and Bistro.sk. Just Eat Takeaway operate various food ordering and delivery platforms in twenty countries, where customers can order food online from restaurants’ menus, and have it delivered by restaurant or company couriers directly to their home or workplace using an app or website. The company also partners with IFood in Brazil and Colombia.
Delivery Hero is a German multinational online food ordering and food delivery company based in Berlin, Germany. Founded in 2011, the company operates in 70+ countries internationally in Europe, Asia, Africa, Latin and South America, and the Middle East, and partners with 500,000+ restaurants. Delivery Hero has increasingly branched out beyond food delivery, and is a leading player in the emerging category of quick commerce, which delivers small batch orders in under an hour.
Balderton Capital is a venture capital firm based in London, UK, that invests in early-stage, technology and internet startup companies in Europe. It is considered to be among the four-biggest venture capital firms in the English capital.
Naspers Limited is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment. Naspers' principal shareholder is its Dutch listed investment subsidiary Prosus, which owns approximately 49% of its parent as part of a cross ownership structure.
Lev Binzumovich Leviev is an Israeli-Russian entrepreneur and investor, founder of international venture capital firm LVL1, co-founder of Russia's largest social network VK.com and the Selectel data center network.
Letgo was a company that provided a website and app that allows users to buy from, sell to and chat with others locally. The products launched in 2015.
Alejandro Carlos "Alec" Oxenford is an Argentine entrepreneur. He co-founded OLX, and co-founded letgo, a mobile classified ad app in the United States.
OLX Group is a Dutch-domiciled online market place headquartered in Amsterdam. The OLX consumer brand originated as OnLine eXchange in 2006. OLX Group is owned by Prosus, the international assets division of Naspers.
Avito is a Russian classified advertisements website with sections devoted to general goods for sale, jobs, real estate, personals, cars for sale, and services. Avito is the most popular classifieds site in Russia and is the biggest classifieds site in the world.
PayU is a Netherlands-based payment service provider to online merchants. The company was founded in 2002, and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. As of 2018, the service is available in 17 countries. The firm is owned by the Naspers Group, which also owns a stake in one of its sister companies, Tencent.
Swiggy is an Indian online food ordering and delivery platform. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 500 Indian cities as of September 2021. Besides food delivery, the platform also provides on-demand grocery deliveries under the name Instamart, and a same-day package delivery service called Swiggy Genie.
iFood is a Brazilian online food ordering and food delivery platform, operating in Brazil and Colombia. The company holds over 80% market share of the food delivery sector in Brazil. It is owned by Dutch-based Prosus and its Brazilian investment firm Movile.
Media related to Prosus at Wikimedia Commons