Prosus, the global consumer internet group of Naspers, has committed INR 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 is committed 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.