Naspers invests R40m in agritech company

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.

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

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