Naspers' corporate venturing unit reportedly backs the parent company of online shopping website BuyThePrice.

The corporate venturing unit of Naspers, the South Africa-based media group, reportedly backed India-based ecommerce company MyZingo eCommerce Service in February, it emerged in September.

MIH invested R8.5 crore ($1.7m) in MyZingo eCommerce Service, according to news provider TechCircle.  

MyZingo eCommerce Service runs online shopping website BuyThePrice.com. It was founded in 2009.