Naspers Foundry invests R30 million in SweepSouth

The unit of the Johannesburg Stock Exchange listed Naspers, known as Naspers Foundry has invested R30 million in SweepSouth, thereby becoming the largest investor in the startup by value. Naspers Foundry intends to invest over R1 billion in South African startups that are powered by technology.

SweepSouth is an online web platform based in South Africa that provides domestic cleaning services on-demand through a network of cleaning staff. The app provides facilities for payment of cleaning services and connects cleaners with home owners. The company began its operations in 2014 and was founded by Aisha Pandor and her husband Alen Ribic. The agreed stake that Naspers Foundry has acquired was undisclosed.

 

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