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American Focus > Blog > Tech and Science > Prosus expects 5 IPOs from its India portfolio in next 18 months
Tech and Science

Prosus expects 5 IPOs from its India portfolio in next 18 months

Last updated: December 2, 2024 3:16 am
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Prosus expects 5 IPOs from its India portfolio in next 18 months
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Prosus Prepares for Multiple IPOs from Indian Portfolio in Next 18 Months

Prosus, the Dutch investment group, is gearing up for as many as five potential IPOs from its Indian portfolio within the next 18 months, indicating a surge in activity in the country’s booming internet market.

Among the startups that are getting ready for an IPO, Prosus has named payments giant PayU, e-commerce startup Meesho, and online jewelry seller Bluestone.

According to a report by JS, over 20 Indian startups, including Prosus-backed Urban Company, Pharmeasy, and Captain Fresh, are eying public listings in 2025.

Prosus recently enjoyed a windfall of $2 billion in profits from the IPO of food delivery firm Swiggy. The $1.34 billion listing of Swiggy marked the largest technology IPO globally this year.

In addition to its IPO plans, Prosus has been actively expanding its investments in India. The group recently invested approximately $180 million in two new deals. This includes acquiring a 10.65% stake in supply chain financing platform Mintifi for $79.9 million and taking a 7.8% position in housing finance company Vastu for around $100 million.

See also  Cognida.ai raises $15M to fix enterprise AI’s biggest bottleneck: deployment
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