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Prosus Expects More IPOs In Indian Startup Ecosystem

Inc42 · 10m ago

Prosus Expects More IPOs In Indian Startup Ecosystem

PE firm CEO Fabricio Bloisi remains optimistic about the prospects in the country and states that the company is valued at around $100 billion. Prosus, a subsidiary of Naspers, has already invested over $7 billion in Indian startups, according to Inc42 and Tracxn data.

Related News

Prosus close to leading BlueStone’s $100-mn round

The Arc Web

The Arc Web · 1y ago

Prosus close to leading BlueStone’s $100-mn round

Dutch investment group Prosus is considering leading a $100 million round for BlueStone, an omnichannel jewelry company, with participation from Peak XV Partners, Steadview Capital, and Think Investments. The funding includes $60 million as primary capital for BlueStone's business expansion and the rest for secondary share sales by early backers. BlueStone, valued at $440 million in September 2023, expects to double its valuation to nearly $960 million. This marks Prosus' first late-stage investment since mid-2022, highlighting its significant return to the Indian startup ecosystem.

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.

$100 million deals back on table: Resurgence after reset, speakers agree at the Indian VC ecosystem panel at ET Soonicorns Summit 2024

Economic Times

Economic Times · 11m ago

$100 million deals back on table: Resurgence after reset, speakers agree at the Indian VC ecosystem panel at ET Soonicorns Summit 2024

The Indian startup ecosystem is experiencing a resurgence, with several new unicorns emerging and early-stage funding becoming more available. The Venture Capital (VC) ecosystem has rebounded from a funding winter, with a 45% increase in H1 2024 compared to H2 2023. Panellists at the ET Soonicorns Summit highlighted driving factors for this resurgence, including IPOs providing liquidity, reduced risk aversion in entrepreneurship, and increased domestic and global capital flow. The Indian economy's positive performance has had a rub-off effect on the startup ecosystem, with entrepreneurs realizing the sky is not falling.

Indian VC Shake-Up: Taking Note Of Top-Level VC Exits This Year

Inc42 · 8m ago

Indian VC Shake-Up: Taking Note Of Top-Level VC Exits This Year

In 2023, the Indian investor ecosystem was in chaos, but now there is hope for a resurgence. Despite partner exits at VC firms, the potential for lucrative returns has attracted attention to the Indian startup IPOs. Additionally, many partners and senior executives have left their positions at VC firms to start their own funds, which has made capital more accessible to Indian founders.

Prosus shifts to early stage bets in India after Unicorn losses

Inshorts · 1y ago

Prosus shifts to early stage bets in India after Unicorn losses

Prosus, one of the most active investors in the Indian startup ecosystem, is gradually undergoing a shift in its India strategy. The Dutch investment major’s focus has turned from large bets and buyouts in India to seed and early stage investments. Prosus has poured over $7 billion into Indian startups, according to data from Inc42 and Tracxn.

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 · 9m 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.

Startup Street mints new founder millionaires

Livemint

Livemint · 1y ago

Startup Street mints new founder millionaires

Indian startup founders Bhavish Aggarwal, Supam Maheshwari, and Kunal Bahl are set to list their companies on the Indian stock market, joining the ranks of founders who have created substantial wealth through IPOs. Aggarwal's stake in Ola Electric is estimated to be worth at least $1.1 billion, while Maheshwari's stake in FirstCry is valued at $151 million at the lower end of the price band. Bahl will not be selling his stake in Unicommerce but sees the listing as a significant milestone. The IPOs are expected to attract more founders and employees to the startup ecosystem.

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.

IPO markets emerging as exit routes for startup investors amid evolving ecosystem

Economic Times

Economic Times · 8m ago

IPO markets emerging as exit routes for startup investors amid evolving ecosystem

The Indian startup ecosystem has seen significant changes in recent years, with more opportunities for startups to access funding through public markets. This has resulted in increased exits for early investors and venture capital firms. In 2023, exit value in India reached $29 billion, with block trades accounting for half of the exits by value. MSME Initial Public Offerings (IPOs) and full-fledged IPOs have become attractive routes for liquidity and exits. The evolving market infrastructure and investor behavior are driving this trend, with potential for new exit models such as direct listings and Special Purpose Acquisition Companies (SPACs). Overall, the Indian public markets have performed well, attracting domestic investor participation.

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