Letgo nabs $500m from Naspers · Articles · Global Corporate Venturing
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9 August 2018

Letgo nabs $500m from Naspers

Naspers invested the first $150m of the cash this summer, it revealed, and has pledged another $350m to bring the e-commerce platform's total funding to $975m.

Author: Robert Lavine, News Editor

Media and e-commerce group Naspers agreed yesterday to provide a total of $500m of funding for US-based e-commerce app developer Letgo, having already invested $150m of the sum earlier this year.