The Naspers Ecosystem, Part 2: Food Delivery

The Food Delivery business is Naspers’ biggest loss-making venture. Naspers’ exposure extends to its stakes in Delivery Hero [$1.3bn invested to date; ~22% ownership], Swiggy [$837m invested to date; ~39% ownership] and iFood [$400m invested to date; ~55% ownership]. Delivery Hero is a European publicly traded company with operations in across the world. Swiggy is …

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