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Dutch technology investor Prosus aims to grow ecommerce revenue
Economic Times
·
1m ago
Medial
Dutch technology investor Prosus plans to increase its ecommerce revenue to $7.3-$7.5 billion by 2026. Its aim also includes boosting ecommerce adjusted earnings (aEBITDA) to $1.1-$1.2 billion. The company's earnings surged by 47% in 2025, achieving $6.2 billion in ecommerce revenue and a $655 million adjusted EBITDA. Prosus presented these growth targets to investors, indicating its focus on expanding in the ecommerce sector for sustained financial success.
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After Swiggy, another portfolio firm of Prosus draws up plan for mega IPO
VCCircle
·
8m ago
Medial
Prosus, a global technology investor, is preparing for another major initial public offering (IPO) with its portfolio company Meesho, an Indian e-commerce firm. Following the successful listing of Swiggy, Prosus aims to monetize its investment in Meesho, which competes with Amazon and other players. Meesho's IPO is expected to be significant in size, adding to the trend of tech companies going public to grow their businesses.
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Swiggy backer Prosus looks to list Indian payments firm PayU in 2025
VCCircle
·
8m ago
Medial
Dutch technology investor Prosus is planning to list Indian digital payments and lending firm PayU in 2025, according to its chief investment officer. While the initial plan was to list PayU by the end of 2024, Prosus is still working with the company to determine the best timing. PayU, which is owned by Prosus, recently emerged from a regulatory ban and has plans to list at a valuation of $5 billion to $7 billion. India is an important focus for Prosus, and it expects more of its Indian portfolio companies to go public in the next 12 to 18 months.
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Prosus delays Indian payments firm PayU IPO to enhance business operations
Economic Times
·
1m ago
Medial
Dutch technology investor Prosus is delaying the IPO of Indian digital payments and lending firm PayU this year to focus on improving the business over the next six to twelve months, according to Prosus's Chief Financial Officer Nico Marais. While they initially aimed to list PayU by 2025, enhancing business operations has taken priority for now.
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Prosus reports $7.4B in core headline earnings for FY25
YourStory
·
1m ago
Medial
Prosus, a Dutch technology company, reported a 47% increase in core headline earnings for the fiscal year ending March 31, 2025, reaching $7.4 billion compared to $5.0 billion in FY24. Revenue rose by 13% to $6.2 billion, driven by growth in iFood, OLX, and PayU India. Prosus invests in Swiggy and PayU India, seeing returns of 23% and 14% respectively. The company continues to explore opportunities in India, holding significant investments in several startups.
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Prosus manages $6.5 billion in Indian tech assets, eyes more IPO exits - The Economic Times
Economic Times
·
1m ago
Medial
Dutch investor Prosus manages $6.5 billion across over 30 Indian companies, with investments totaling $8.6 billion. The loosely coupled portfolio includes Meesho, Swiggy, and Urban Company, allowing mutual synergies. Successful investments like MakeMyTrip and Flipkart have resulted in $4 billion in cash returns. Prosus sees further growth with prospective IPOs, including Urban Company and BlueStone, enhancing returns. Swiggy's IPO alone yielded $500 million for Prosus, which still holds a significant stake in the company.
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Prosus eyes PayU IPO in 2025 after stellar Swiggy listing
TechCrunch
·
8m ago
Medial
Dutch investor Prosus plans to list fintech firm PayU in 2025, shifting its focus to India. PayU, wholly owned by Prosus, had intended to go public this year with a valuation of $5-7 billion. However, the listing is now expected to take place in 2025. PayU recently obtained approval to operate as a payment aggregator after a 15-month regulatory ban. With a valuation of $4.2 billion, PayU competes with Razorpay and PhonePe in India's digital payments market. Prosus is an investor in Indian startups such as Meesho and Urban Company, and more portfolio companies may go public within 18 months.
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Dutch investor Prosus pegs IPO-bound Urban Company’s fair value at $2.4 billion
Economic Times
·
1m ago
Medial
Dutch investor Prosus has valued Urban Company, an at-home services platform, at $2.4 billion. It holds a 6.8% stake in the company, which is preparing for an IPO with a Rs 1,900 crore offering. This involves a primary issue and an offer for sale by early investors. Urban Company, recently valued at $1.8 billion, is among several Prosus-backed Indian startups going public as global investors seek to monetize their long-held tech investments in India.
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Prosus writes off investment in Byju's marking $493 million loss
Economic Times
·
1y ago
Medial
Dutch technology investment firm Prosus has written off its 9.6% stake in edtech firm Byju's due to a significant decrease in value. The fair value loss of $493 million was recognized in the company's annual report. This move aligns with HSBC's earlier assertion that Prosus' stake in Byju's holds no value, citing legal cases and financial challenges. Prosus had previously invested $500 million in Byju's, making it one of its largest edtech investments in India. Additionally, Prosus marked its investment in Primrose Hill (ZestMoney) down to zero from $38 million in FY22.
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Prosus, parent Naspers appoint Fabricio Bloisi as new CEO
VCCircle
·
1y ago
Medial
Dutch technology investor Prosus and its parent company Naspers have appointed Fabricio Bloisi as the new CEO, replacing Bob van Dijk. Bloisi, who is currently the CEO of iFood, will take on the role for both companies starting on July 1. He is praised for his vision, operational expertise, and strong discipline, making him the right choice to lead the organizations. Outgoing CEO van Dijk oversaw Prosus's successful IPO and the company's performance during the pandemic, but the stock fell alongside technology valuations post-pandemic. Interim CEO Ervin Tu has been named as president and chief investment officer.
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Basil Sgourdos to retire as CFO of Naspers and Prosus after 29 years
YourStory
·
1y ago
Medial
Basil Sgourdos, the CFO of Naspers and Prosus, has announced his retirement after 29 years with the company. His retirement will be effective from November 30, 2024. Sgourdos joined Naspers in 1994 and held various leadership roles before becoming Group CFO of both Naspers and Prosus. Naspers chairman, Koos Bekker, expressed gratitude for Sgourdos' contributions and acknowledged his role in establishing the company as a prominent global e-commerce player. Prosus, which is undergoing a corporate restructuring, achieved consolidated ecommerce profitability and reported a 19% revenue increase in its ecommerce segment.
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