Naspers Foundry puts R42m into Cape Town transport start-up
Company leads the fundraising project with Cathay AfricInvest Innovation Fund and SBI Investment
07 June 2021 - 10:00
Naspers is moving further into the mobility and transport sector, as its SA-focused venture arm invested $3m (R42m) into a Cape Town-based start-up specialising in creating digital maps of informal transport routes.
On Monday, Naspers said it led a R201m investment round in WhereIsMyTransport through its Foundry unit, with Cathay AfricInvest Innovation Fund and SBI Investment...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now