Prosus anticipates as many as 5 potential IPOs from its Indian portfolio over the subsequent 18 months, signalling rising momentum on the planet’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 getting ready for an IPO.
TechCrunch reported final month that greater than 20 Indian startups are trying to go public in 2025. These embrace Prosus-backed City Firm, Pharmeasy and Captain Contemporary.
Prosus’ announcement comes after it raked in $2 billion in earnings from meals supply agency Swiggy’s IPO final month. Swiggy’s $1.34 billion itemizing marked this 12 months’s largest expertise IPO internationally.
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 in addition took a 7.8% place in housing finance firm Vastu for roughly $100 million.