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

TechCrunch · 8m ago

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

Dutch investment group Prosus is preparing for potential IPOs of its Indian portfolio companies, including PayU, Meesho, and Bluestone, within the next 18 months. This move reflects the growing momentum in India's internet market, which is the second-largest in the world. Prosus-backed startups like Urban Company, Pharmeasy, and Captain Fresh are also among the more than 20 Indian startups expected to go public in 2025. Prosus recently earned $2 billion from food delivery firm Swiggy's IPO, and has made new investments totaling approximately $180 million in mintifi and Vastu.

Related News

Swiggy backer Prosus looks to list Indian payments firm PayU in 2025

VCCircle

VCCircle · 9m ago

Swiggy backer Prosus looks to list Indian payments firm PayU in 2025

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.

Prosus CEO expects to unlock more value from Indian investments over the next year | Company Business News

Livemint

Livemint · 8m ago

Prosus CEO expects to unlock more value from Indian investments over the next year | Company Business News

Prosus' Group CEO, Fabricio Bloisi, is optimistic about the investment opportunities in India. The company recently invested $80 million in Mintifi and $100 million in Vastu Housing Finance. Prosus reported a 26% increase in revenues to $3 billion for the six months ending September. The CEO believes that the successful listing of portfolio company Swiggy is just the first of many more IPOs to come in the next 12-18 months. Prosus has backed around 30 Indian startups and anticipates listing candidates such as Bluestone, PayU, and Meesho in the near future.

After Swiggy, Prosus sees PayU, Meesho and Bluestone as IPO candidates

YourStory

YourStory · 8m ago

After Swiggy, Prosus sees PayU, Meesho and Bluestone as IPO candidates

Netherlands-based investor Prosus is considering several companies for potential IPOs in the next 18 months, including PayU, Meesho, and Bluestone. They also see future potential in companies like Eruditus, Mintifi, Captain Fresh, Vastu Housing, and Mensa Brands. Prosus recently made $2 billion in profits from selling shares in Swiggy's IPO, where it now holds a 25% stake. Additionally, Prosus is planning to increase its stake in Urban Company and PayU is expected to file its draft prospectus by May 2025.

Prosus eyes PayU IPO in 2025 after stellar Swiggy listing

TechCrunch · 9m ago

Prosus eyes PayU IPO in 2025 after stellar Swiggy listing

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.

Prosus Eyes PayU IPO In 2025

Inc42 · 9m ago

Prosus Eyes PayU IPO In 2025

PayU, a payments solutions provider, has decided to delay its initial public offering (IPO) until 2025. Prosus, the investor, had initially considered PayU's IPO for 2024. PayU has selected Goldman Sachs as one of the lead bankers for the IPO and plans to file its draft red herring prospectus (DRHP) by early 2025. Prosus, meanwhile, has expressed confidence in its India portfolio, citing strong gains from Swiggy's recent IPO and a promising pipeline of potential IPOs in the country.

Private equity poised for growth in India as IPOs wane, industry executives say

VCCircle

VCCircle · 6m ago

Private equity poised for growth in India as IPOs wane, industry executives say

Indian private equity and venture capital firms anticipate growth as IPOs decline due to a market slump. Industry experts predict increased PE deal volume, especially in financial services, IT, and healthcare. In 2024, PE/VC investments were $56 billion, down from $76.7 billion in 2021, with PE stake sales increasing 7%. The focus may shift from IPOs to private funding and investments over the next 12-18 months if public markets remain volatile.

SoftBank India scores over $5.5 billion exits since 2018

Livemint

Livemint · 1y ago

SoftBank India scores over $5.5 billion exits since 2018

SoftBank Vision Fund has about $3 billion of its $11 billion investments in Indian startups set for exits, with $1.5 billion being booked in the last 12-18 months. The firm expects to see one or two exits every year as its portfolio matures. Most investments made by the fund in India have had up-rounds from marquee investors. Companies like FirstCry, Lenskart, OfBusiness, Swiggy, Icertis, and Ola Electric are potential candidates for public listings. SoftBank shifted to "offensive mode" in AI and tech-first investments after a period of losses in the tech markets.

Fair value of SoftBank’s India investment across Vision Funds up 9% at $14 billion

Economic Times

Economic Times · 1y ago

Fair value of SoftBank’s India investment across Vision Funds up 9% at $14 billion

SoftBank's India investment portfolio, including Vision Fund I and II, has a fair value of nearly $14 billion, a 9% increase as of December 2023. Flipkart is among its top 15 most valued companies. SoftBank achieved a net profit of over $6 billion for the quarter ending in December. SoftBank is bullish about the Indian market and expects IPOs from portfolio companies such as FirstCry and Ola Electric. Venture funding dropped by 60% in 2023, although SoftBank's portfolio companies raised $8 billion in fresh capital. Investment activity is expected to pick up in 2024.

Shark Tank India-featured 'Earthful' raises ₹5 crore

Inshorts · 6m ago

Shark Tank India-featured 'Earthful' raises ₹5 crore

Earthful, a Shark Tank-featured plant-based nutrition brand, has raised ₹5 crore in a round led by Srinivasan Namala, with ₹75 lakh from Ritesh Agarwal to follow. With an ARR of ₹15 crore and 1 lakh+ customers, the funds will drive R&D, brand expansion, and team building. Earthful expects a five-fold growth in 12-18 months.

Prosus manages $6.5 billion in Indian tech assets, eyes more IPO exits - The Economic Times

Economic Times

Economic Times · 2m ago

Prosus manages $6.5 billion in Indian tech assets, eyes more IPO exits - The Economic Times

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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