Co-Founder &

Minho Rippel


Oliver M. Rippel is a Partner and Co-Founder of Asia Partners. 

Previously he was the CEO of B2C e-commerce for Naspers, which included all e-tail, B2C Marketplaces, and online travel operations globally. As of Dec 2017, the B2C portfolio of Naspers was yielding a total portfolio IRR of 30%, higher than Naspers’ total internet portfolio (outside of Tencent) IRR of 23% at the time, generating exits >US$4Bn.

Mr. Rippel led all of Naspers’ investments in Flipkart, where he served as Naspers’ appointed Director to the Board for six years, which included chairing the Audit Committee and being part of the Investment Committee.  In August 2018, Flipkart’s exit to Walmart was one of the very largest exits ever in the Internet and e-commerce space and India’s largest-ever exit of a technology company. Walmart invested US$16 billion to obtain an approximate 77% shareholding at closing. As part of this transaction, Naspers exited fully, selling its 11.2% percent stake for US$2.2Bn. The investment was a US$1.6Bn or 3.6x return over six years, at an estimated 29% IRR.

Mr. Rippel joined Naspers in January 2009 as head of business development in Southeast Asia before managing e-commerce in Africa and the Middle East shortly after. From 2011 to 2014 he oversaw e-commerce in Southeast Asia, India, and Africa, after which he was managing online services segments including e-tail outside of Europe, travel, real estate, and mobile services.

Before working for Naspers, Mr. Rippel spent nine years at eBay – first in his home country Germany and then as part of the Asia-Pacific region in China, Korea, and Southeast Asia. There, he mostly focused on strategy, business development, as well as category management, and marketing operations. Mr. Rippel is of dual Asian and European ancestry. He studied economics in Berlin, Germany, and holds the INSEAD International Directors Program Certificate. He is also a member of the Young Presidents Organization Singapore Chapter.

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