You are currently viewing our desktop site, do you want to visit our Mobile web app instead?
 Registered users can save articles to their personal articles list. Login here or sign up here

Naspers invests $60 Million in US online-learning firm Udemy

A company that offers more than 40 000 courses in 80 different languages.

Media and e-commerce group Naspers, the largest listed company in Africa by market value, said on Thursday that it has invested $60 million in U.S. education-technology firm Udemy.

San Francisco-based Udemy has expanded overseas in the past year and Naspers said it offers more than 40,000 courses available in 80 different languages.

“Naspers is consistently looking to invest in markets where technology can make a significant impact. Udemy has built a technology platform that will transform education on a global scale and we are eager to help them with further expansion,” said Naspers Ventures CEO Larry Illg in a statement.

Naspers has transformed itself from an apartheid-era publisher into a $60 billion internet powerhouse by focusing on e-commerce in emerging markets.

Naspers Ventures made a $15 million investment in education-technology firm Brainly in May.

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   0

To comment, you must be registered and logged in.

LOGIN HERE

Don't have an account?
Sign up for FREE

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: