Clubby Deals

The Economic Times - - Companies & Economy -

It may have been the an­nual meet for Naspers, but the South African me­dia and in­ter­net gi­ant cer­tainly pulled out all the stops for its three-day flag­ship event that was held in the Cap­i­tal last week. Along with the founders of many of its port­fo­lio com­pa­nies, also in at­ten­dance were top reps from SoftBank, Alibaba and Ten­cent, which, along with Naspers, are pretty much sewing up all the tech and con­sumer deals among them and, in the process, driv­ing out other ven­ture cap­i­tal in­vestors. Were there any deals be­ing fi­nalised? Hard to say, but the bon­homie of the four strate­gic in­vestors was hard to miss and the Oberoi Delhi cer­tainly has its shares of nooks and cran­nies to ex­change not just mar­ket gos­sip, but also to pos­si­bly join hands for the next $100-mil­lion in­vest­ment.

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