Prosus manages $6.5 billion in Indian tech assets, eyes more IPO exits

Prosus manages $6.5 billion in Indian tech assets, eyes more IPO exits

Dutch technology investor Prosus is currently managing assets worth $6.5 billion across more than 30 Indian companies, and has returned around $4 billion in cash to shareholders to date, according to Ashutosh Sharma, head of India investments at Prosus.Speaking at Prosus鈥 Capital Markets Day event in London, Sharma said the firm鈥檚 India portfolio is 鈥渓oosely coupled,鈥 enabling companies to benefit from mutual synergies while operating independently.Prosus has invested $8.6 billion in India so far and remains bullish on the market, CEO Fabricio Bloisi said earlier in May. Its portfolio includes Meesho, Swiggy, Urban Company, Rapido, and others.Three of its key bets, MakeMyTrip, Flipkart, and Swiggy, have delivered liquidity, contributing to the $4 billion in cash returns. From Swiggy鈥檚 IPO in November 2024 alone, Prosus realised about $500 million on a cumulative investment of $1.3 billion. It continues to hold a 25% stake in the food and grocery delivery platform, which is now valued at around $2.7 billion.鈥淪everal of our portfolio companies are mature and ready to list, which will further enhance returns in the near term,鈥 Sharma said. He added that Urban Company 鈥 which filed its draft IPO papers in April 鈥 is expected to go public later this year. The firm valued the startup at $2.4 billion in its FY25 annual report.BlueStone, another Prosus-backed company, has also received regulatory approval and is likely to list soon.

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