Food-tech in India is in early stages and has a long way to go, says Naspers Ventures’ Ashutosh Sharma

A logo sits on display inside the headquarters of Napsters Ltd., at the Media24 Ltd. office complex in Cape Town, South Africa. Photographer: Halden Krog/Bloomberg

From a capital allocation standpoint, India is an important market for South Africa’s internet and media giant Naspers, which has made several investments in India, including in food delivery firm Swiggy and ed-tech company Byju’s. Recently, Naspers backed social commerce company Meesho, leading a $125 million round. In an interview, Ashutosh Sharma, head of India investments for Naspers Ventures, shares his views on the company’s investments and strategy in India. Edited excerpts:

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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