2018

Year in review

May
Make my trip logo

MakeMyTrip, India’s leading online travel company, successfully raised US$330m in equity financing.

We led a US$100m funding round through a US$61m investment in India-based foodordering and delivery platform, Swiggy, providing funds for growth and reinforcing our commitment to help the business become a leader in food ordering and delivery across India.

PayU logo

PayU invested US$99m in German fintech company, Kreditech. PayU and Kreditech agreed on a global partnership to increase access to credit services in high-growth markets.

We invested US$473m in Delivery Hero, the leading global online food-ordering and delivery marketplace.

US$473m

Aug

Annual general meeting. Following the annual general meeting we reached out to investors who had expressed an interest in remuneration issues and have considered and implemented some key suggestions.

Takealot logo

Building on an earlier investment in 2015, we invested a further US$74m in Takealot, South Africa’s leading ecommerce company, to pursue further scale and continued growth.

US$74m

The Phil Weber award, the group’s highest accolade for performance, went to Serge de Reus and Glen Marques. The Order of Tafelberg, awarded to an outstanding business partner, went to Ferguson Films, which has produced some of video-entertainment’s flagship channel, Mzansi Magic’s content.

Oct
Remitly logo

We led a US$115m investment round in Remitly, by investing US$100m to accelerate global expansion in financial services.

US$100m

Dec
Movile logo

Together with Innova Capital, we invested a further US$82m in Movile. The investment will be used to expand Movile’s presence in food delivery.

We held an Investor Day in New York, giving investors the opportunity to understand progress made in our ecommerce businesses, and hear our group chief executive and chief financial officer (CFO) discuss our strategy, returns on invested capital, and financials.

Jan
MultiChoice logo

Our audit and risk committees and the board considered the work done by MultiChoice South Africa following the concerns that were raised in the media concerning lobbying and MultiChoice South Africa’s relationship with ANN7. The committees and the board were satisfied that the process MultiChoice had followed had been rigorous and that the conclusions MultiChoice reached were reasonable and justifiable.

Feb
Swiggy logo

We led another US$100m funding round by investing a further US$60m in Swiggy, India’s leading online food-ordering and delivery platform. The capital provides for further growth and improving the consumer experience on Swiggy’s platform through investment in technology, new service offerings, logistics and restaurant services.

US$60m

Mar

We reduced our stake in Tencent, from 33.17% to 31.17% – raising US$9.8bn, which will be used to reinforce our balance sheet and fuel further growth.

US$9.8bn

Following the acquisition, the group holds a 23% effective interest (22% fully diluted) in Delivery Hero.

Delivery Hero logo

During March 2018, following the receipt of regulatory approval, the group acquired Rocket Internet SE’s interest in Delivery Hero for US$778m.