Naspers invested the first $150m of the cash this summer, it revealed, and has pledged another $350m to bring the e-commerce platform's total funding to $975m.
Media and e-commerce group Naspers agreed yesterday to provide a total of $500m of funding for US-based e-commerce app developer Letgo, having already invested $150m of the sum earlier this year.
Naspers did not specify when it invested the money, stating only that it was supplied “earlier this summer,” but it made the investment through online marketplace subsidiary OLX.
Letgo has created an app that enables users to list, sell and buy secondhand goods, utilising an artificial intelligence system that…
