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SILQ, a B2B platform formed from the merger of Saudi's Sary and Bangladesh's ShopUp, has raised $110 million in a funding round led by Valar Ventures and Sanabil Investments. The company aims to enhance procurement for SMEs in emerging markets and plans an IPO by 2027, leveraging its cross-market operations in Asia and the Middle East. The investment highlights increasing interest from Gulf sovereign funds in tech and digital infrastructure supporting small businesses.
Saudi B2B ecommerce platform Sary has merged with Bangladesh's ShopUp to create Silq Group, the largest B2B commerce platform in the Gulf and Emerging Asia, backed by a $110 million funding round led by Sanabil Investments and Valar Ventures. The merger aims to enhance access to products for retailers and manufacturers, with both brands continuing to operate under their names while leveraging combined capabilities. Silq plans to strengthen its presence in Qatar, addressing challenges faced by B2B businesses with an integrated platform for financial, logistics, and commerce services.
Israeli fintech firm Rapyd has acquired European fintech PayU from Prosus for approximately $610 million, following regulatory approval from seven authorities. To finance the deal, Rapyd raised $500 million, resulting in a valuation of around $4.5 billion, down from $10 billion in 2021. With this acquisition, Rapyd will operate in over 100 countries, offering more than 1,200 payment methods and holding financial permits in 41 nations.
Wiom, an affordable internet service provider, is in advanced talks to raise Rs 85 crore ($10 million) from Accel and Bertelsmann India Investments, with potential participation from Prosus. This funding round follows a $17 million raise in July 2023 and aims to expand the company's reach, offering unlimited internet for as low as Rs 10.
UBS has increased its price target for Prosus from 65 to 69 euros while maintaining a "Buy" rating. Analyst Jo Barnet-Lamb noted encouraging figures from the company's first half of the financial year, highlighting a growing focus on mergers and acquisitions.
UBS has increased its price target for Prosus from 65 to 69 euros while maintaining a "buy" rating. Analyst Jo Barnet-Lamb noted encouraging figures from the company's first half of the financial year, highlighting a growing focus on mergers and acquisitions.
UBS has maintained a "Buy" rating for Prosus, setting a target price of 65 euros. Analyst Jo Barnet-Lamb highlighted the company's strong e-commerce profitability and effective balance between execution and disciplined planning following the release of half-year figures.
UBS has maintained a 'Buy' rating for Prosus, setting a target price of 65 euros. Analyst Jo Barnet-Lamb highlighted the company's strong e-commerce profitability and praised its effective balance between execution and disciplined planning following the release of half-year figures.
UBS has maintained a 'Buy' rating for Prosus, setting a price target of 65 euros. Analyst Jo Barnet-Lamb highlighted the company's strong e-commerce profitability and effective balance between execution and disciplined planning following the release of half-year figures. As of December 2, 2024, Prosus shares are trading at approximately 38.715 euros, reflecting a 0.35% increase.
PharmEasy continues to negatively impact Prosus’ India portfolio with an internal rate of return (IRR) of -38% in H1FY25, an improvement from -44% the previous year. In contrast, ElasticRun led with a 23% IRR, while Swiggy, PayU, and Meesho each reported 20-21%. Eruditus, despite a lower IRR of 14%, remains the only positive performer in the edtech sector for Prosus.
Prosus N.V.
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SILQ secures 110 million funding to enhance B2B digital procurement platform
02:00 10.04.2025
sary and shopup merge to create silq raising 110 million dollars
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13:32 09.04.2025
Rapyd acquires PayU for 610 million dollars raises 500 million in funding
07:00 14.03.2025
Wiom in Advanced Talks to Raise 85 Crore from Accel and Bertelsmann
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03:53 09.12.2024
UBS raises Prosus price target to 69 euros maintaining buy rating
13:06 03.12.2024
ubs raises prosus price target to 69 euros maintains buy rating
12:07 03.12.2024
UBS maintains buy rating for Prosus with target price of 65 euros
10:56 02.12.2024
ubs maintains buy rating for prosus with target price of 65 euros
10:43 02.12.2024
ubs maintains buy rating for prosus with target price of 65 euros
09:56 02.12.2024
prosus india portfolio shows mixed returns with pharmeasy lagging behind
Prosus N.V.
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09:45 02.12.2024
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