Re:Stack Overflow sold to Prosus for $1.8B
by jiofih on Wednesday June 02, 2021 @02:15PM
(#27372084)
Most of these are very successful businesses, just not as fashionable as the SV ones you know. If this is their complete list of investments their hit rate is insane.
Re:Stack Overflow sold to Prosus for $1.8B
by barreira on Wednesday June 02, 2021 @01:21PM
(#27371388)
OLX is the most popular Craigslist-type website at least in Portugal (and maybe in more places in Europe as well?)
Re:Stack Overflow sold to Prosus for $1.8B
by mhitza on Wednesday June 02, 2021 @01:31PM
(#27371546)
In Romania as well. Also PayU is a common payment processing gateway around here as well.
In Brazil too. And iFood is the largest "food-tech" company in Latin America.
Popular in Poland as well.
Re:Stack Overflow sold to Prosus for $1.8B
by nitins on Wednesday June 02, 2021 @01:45PM
(#27371722)
Popular in India also
Same for Ukraine
Olx and Swiggy are huge in India.
Re:Stack Overflow sold to Prosus for $1.8B
by bbarnett on Wednesday June 02, 2021 @02:06PM
(#27371974)
And now, they can compete with Linkedin!
First, buy a site with 14 million+ accounts, all guaranteed to be developers of some sort. It even has a job board apparently, already!
Next, bring in synergy. Mine the data to find out who does what. Make a "better linkedin".
Doh.
(They clearly want to "monetize" it somehow, so... how I wonder? The above?)
Re:Stack Overflow sold to Prosus for $1.8B
by actuator on Wednesday June 02, 2021 @01:25PM
(#27371446)
If anyone is aware about the numbers, how are their ecommerce and fintech ones doing in their markets? That space is quite competitive and a lot of well funded players.
Also, are the food ones profitable or loss making like most other food delivery startups?
Re:Stack Overflow sold to Prosus for $1.8B
by mssundaram on Wednesday June 02, 2021 @01:03PM
(#27371139)
Interesting. I've hardly heard of any of those companies - are they mostly non-US?
Delivery hero is pretty big in Germany and other EU countries.
Re:Stack Overflow sold to Prosus for $1.8B
by klohto on Wednesday June 02, 2021 @01:09PM
(#27371234)
Definitely eastern europe / asia focused
Re:Stack Overflow sold to Prosus for $1.8B
by TheCapeGreek on Wednesday June 02, 2021 @02:21PM
(#27372139)
Takealot Group (subdivided into Takealot, Superbalist, and MrD) is basically a trinity of Amazon, [insert fashion e-tailer here], and UberEats, for South Africa.
Some of them are present in Europe. eMag is probably the biggest e-tailer in eastern europe.
E-commerce - including its subsidiary, OLX (100%)
Takealot.com (96%) Fintech - including its subsidiary, PayU (98.8%)
Food delivery - including its subsidiary and associates, iFood (54.8%), Delivery Hero (22.3%) and Swiggy (38.8%)
Etail - including its subsidiary, eMag (80.1%)
Travel - including its associate, Ctrip (6%)
Mobility - Bykea
It is also the largest shareholder of social Internet platforms:
Tencent (28.9%)
Mail.ru Group (28% in 2019)"
Doesn't sound to good for me.