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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