Prosus anticipates as many as 5 potential IPOs from its Indian portfolio over the subsequent 18 months, signalling rising momentum on the earth’s second-largest web market.
The Dutch funding group on Monday named funds big PayU, e-commerce startup Meesho, and on-line jewellery vendor Bluestone among the many startups which are making ready for an IPO.
TechCrunch reported final month that greater than 20 Indian startups want to go public in 2025. These embody Prosus-backed City Firm, Pharmeasy and Captain Contemporary.
Prosus’ announcement comes after it raked in $2 billion in income from meals supply agency Swiggy’s IPO final month. Swiggy’s $1.34 billion itemizing marked this yr’s largest expertise IPO the world over.
Prosus has additionally deepened its Indian investments in current weeks, investing about $180 million throughout two new offers. The group acquired a ten.65% stake in provide chain financing platform Mintifi for $79.9 million, and likewise took a 7.8% place in housing finance firm Vastu for roughly $100 million.
