Naspers invests R40m in agritech company

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 77%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

JSE-listed multinational Naspers through its technology fund Naspers Foundry, has announced a R40 million investment in agritech company Nile. The investment is part of an R83 million equity round. Moneyweb Naspers SADC

JSE-listed multinational Naspers, through its technology fund Naspers Foundry, has announced a R40 million investment in agritech company Nile. The investment is part of an R83 million equity round. According to a statement released on Tuesday, this is Naspers Foundry’s 10th investment since its launch in 2019 and is part of Naspers’s R1.4 billion pledge to South Africa’s technology industry.

Read: Food insecurity on the rise amid high food wastage levels in SA “The B2B platform facilitates transactions and safeguards payments on behalf of farmers, resulting in increased transparency and improved cash flow,” adds the statement. Naspers states that Nile has traded approximately 30 million kilograms of fruit and vegetables since its establishment, with buyers from five countries and 35 towns and cities across southern Africa. Its services are used by small and large-scale farmers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Naspers Great news. Where does one connect to to be able to apply for these investments opportunities with Naspers, or is there a contract number that can be contacted for more information? Thanks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Naspers invests R40 million in agritech company connecting farmers to buyers of fresh produceNaspers, through its early-stage tech investment vehicle Naspers Foundry, announced a R40 million investment in Nile, an agritech company that connects farmers to buyers of fresh produce.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

JSE faces green Asian markets as Chinese tech stocks riseTencent, which influences the local bourse via the Naspers stable, gains 3.71% I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: BDliveSA - 🏆 12. / 63 Read more »

Incredible Apple iPhone 13 contracts and trade-ins from iStore BusinessApple’s iPhone 13 is the ideal smartphone to keep your SME and its employees connected.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Incredible Apple iPhone 13 contracts and trade-ins from iStore BusinessApple’s iPhone 13 is the ideal smartphone to keep your SME and its employees connected.
Source: mybroadband - 🏆 11. / 67 Read more »