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Naspers invests USD 250 mln in India's ibibo

Friday 26 February 2016 | 09:25 CET | News
African media group Naspers has announced it is investing a further USD 250 million in Indian online travel venture ibibo Group. In a statement, Naspers said the investment will be focused on extending ibibo's leadership position in the Indian hotels category and on additional technology innovations. Naspers CEO Bob van Dijk said the Indian e-commerce market, and the online travel segment in particular, offers exciting growth prospects for the group. With a talented, proven management team and exceptional technology, he said ibibo is well positioned to benefit from an increasing number of

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Categories: Internet
Companies: Naspers / Tencent
Countries: India
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