Prosus’s Indian partners also contributing to relief efforts through innovative initiatives.
Prosus, the global consumer internet group of Naspers, has committed ₹100 crore to the Indian government’s response to the Covid-19 crisis.
The donation will be made to the ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund) created by Prime Minister Narendra Modi. Donations received by the PM CARES Fund are used to alleviate directly the suffering of those affected by the Covid-19 crisis and to aid the emergency response (as well as promoting new technology and advancing research findings for resilience against similar situations in the future).
Prosus has been an investor in India since 2005 and commits to contributing to India’s growth and digital evolution through investing in local Indian entrepreneurs and companies. To date, Prosus has invested more than US$5bn in Indian technology businesses including classifieds, payments and fintech, ecommerce, education, and food delivery. The group continues to partner with exceptional and transformative entrepreneurs who are using technology to provide economic opportunities and to improve the everyday lives of millions of people in India.
In addition to its direct contribution to the PM CARES Fund, Prosus is working closely with the companies it partners with to support measures designed to help Indians affected by the situation. A variety of innovative initiatives have been created by these companies to benefit their customers and communities.
Prosus’s partner companies are working hard to safeguard and support their workers that have been affected by the situation, including the creation of a fund by Swiggy to help their drivers.
“These are unprecedented times and we want to play our part in contributing to the efforts underway in India. By working with government and civil society, we hope to help India overcome this very difficult period. We are also immensely proud of the innovative efforts of our partner companies to help their country, customers and colleagues.”
“We have a deep relationship with India and are committed to supporting PM Modi, the Indian government and her citizens overcome this extraordinary crisis. Our contribution to the PM Cares Fund and the impactful work by our partners is a testament to our commitment.”
“We are fully committed and aligned with our government in their efforts to get through these challenging times. We are happy to extend our support in all possible ways and help our nation overcome this pandemic.”