Swiggy backer Prosus says has invested $8.6 billion in India, CFO Information, ETCFO
Bengaluru: Prosus has invested USD 8.6 billion in India and continues to see robust potential within the area, mentioned Fabricio Bloisi, CEO of Prosus and Naspers, in an replace to shareholders marking 10 months into his position and the shut of FY2025.
“India presents Prosus with unimaginable alternative,” Bloisi mentioned. “In late 2024, Swiggy achieved a significant milestone by going public. Not too long ago, we invested in Rapido which is rising greater than 100% year-on-year in Experience Hailing and doing greater than 3M rides per day.”
“We’ve invested USD 8.6 billion in India, we’ve got seen an excellent return already, and we proceed to see a number of alternative within the area,” he added.
Prosus had investmented about USD 1 billion in Swiggy and owned almost 31 per cent stake within the firm. Throughout Swiggy’s IPO final yr, the Dutch investor netted a revenue of greater than USD 2 billion from its funding within the meals supply main.
The group is among the largest international traders in India’s client web ecosystem, with stakes in BlueStone, Swiggy, PayU, Meesho, PharmEasy, Rapido, and City Firm. Of its portfolio, Jewelry retailer BlueStone has recieved SEBI’s nod for a public itemizing and City Firm final month filed its DRHP. Whereas as per experiences, Meesho’s IPO is within the works.
Bloisi additionally shared his broader outlook for Prosus throughout markets. “We’re working arduous to construct the #1 Life-style E-commerce Firm in Latin America, India, and Europe. Trying forward, now 10 months into the position, I’m extra assured than ever and sure that Prosus is a differentiated European firm providing our companions an distinctive alternative to diversify their portfolios and discover progress, revenue, and innovation exterior of the US.”
