Naspers' corporate venturing unit has expanded from the US and Singapore to India, where its operations will be led by recent hire Ashutosh Sharma.
Naspers Ventures, the corporate venturing vehicle for South Africa-based internet and media group Naspers, has set up an Indian office in Bengaluru, the Economic Times reported today.
Naspers has already invested roughly $1.5bn in India-based companies, which include e-commerce firm Flipkart and Ibibo, the online travel booking platform acquired by competitor MakeMyTrip last month.
The company formed Naspers Ventures in as a dedicated venture capital unit in May this year and has set up offices in the US and Singapore.
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