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Mumbai: Prosus Ventures, formerly Naspers, an early-stage and growth investor in privately held companies, has split its food delivery and edtech<\/a> investments into two separate segments each with their own dedicated leadership<\/a> team, the firm said on Monday. The decision by the firm that has invested more than $6 billion in India comes after its portfolio globally, which includes India\u2019s Swiggy and Byju\u2019s, has grown significantly.<\/p>\n<\/p><\/div>\n \u201cThese segments began as early-stage investments that have been diligently grown into world-class portfolios,” the statement said.<\/p>\n The Netherlands-based firm has roped in Gautam Thakar, formerly CEO OLX Autos, as the chief executive of the edtech segment. Roger Rabalais, currently chief financial officer of food and chief operating officer of the business to consumer investm-ent segment, will take over as CEO of food investments, it said.<\/p>\n The reorganisation that will be effective from 1 September, was shared as an internal memo with employees last week.<\/p>\n Both will report directly to Bob van Dijk, CEO, Prosus. \u201cThese segments have continued to scale and grow in recent years, achieving double-digit revenue growth again in the last year. We believe Roger and Gautam are right leaders to take them to their next stage of growth,” the statement said.<\/p>\n According to the firm, Tha-kar will be a member of global executive team based out of Mumbai. \u201cGautam will also take on a broader leadership role for Prosus in India,” it said.<\/p>\n \u201cIn addition to oversight over the segment\u2019s investments in India, Prosus has a long and deep relationship with India, having invested over $6 billion over the past six years, supporting and partnering with some of its most dynamic entrepreneurs and new tech businesses. Gautam and his team will work alongside both Prosus\u2019s India and global leadership team to play an active role in supporting Prosus\u2019s growth and existing investee companies in India,” it said.<\/p>\n Larry Illg, the current CEO of the combined segment, is stepping down, the firm said. However, he will support the transition in an advisory capacity over coming months, as well as will continue to be on the board, it added.<\/p>\n More<\/a> \n\t\tUpdated: 21 Aug 2023, 11:32 PM IST\n\t<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Mumbai: Prosus Ventures, formerly Naspers, an early-stage and growth investor in privately held companies, has split its food delivery and edtech investments into two separate segments each with their own dedicated leadership team, the firm said on Monday. The decision by the firm that has invested more than $6 billion in India comes after its […]<\/p>\n","protected":false},"author":2,"featured_media":140236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[263,262,11652,260,259,258,11650,265,202,11651,261,264],"class_list":["post-140235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse","tag-axie-infinity","tag-axs","tag-byju","tag-decentraland","tag-facebook","tag-game","tag-gautam-thakar","tag-mark-zuckerberg","tag-nft","tag-prosus","tag-sandbox","tag-vr"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=140235"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140235\/revisions"}],"predecessor-version":[{"id":147407,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140235\/revisions\/147407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/140236"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=140235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=140235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=140235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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