South African internet and entertainment company Naspers is planning to invest $1 billion in India in the form of commitments targeting the financial technology market.
Previously, Naspers has already infused in Indian startups but the company’s focus to date has been on food delivery in the country.
In December last year, the company led a $1 billion fundraising round for Indian online food company Swiggy.
Naspers is already holding discussions with Indian lender Capital Float and payments startup Wimbo about injecting some $200 million.