Prosus puts focus on education technology investment

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Edtech spending has risen to more than $200bn annually and is predicted to grow 11% a year by 2025

Technology investment group Prosus, whose business has mainly been focused on food delivery, payments and classifieds, is pinning its hopes on education as a new area of growth, driven by increased online learning due to Covid-19.

Naspers listed subsidiary Prosus, which holds the group’s international investments, on Amsterdam’s Euronext exchange in 2019 to reduce its weighting on the JSE and open itself to larger pools of international capital.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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