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News on Medial
Prosus, Parent Nasper Rope In Former iFood Executive Fabricio Bloisi As CEO
Inc42
·
1y ago
Medial
Fabricio Bloisi, former CEO of iFood, has been appointed as the new CEO of tech investor Prosus and its parent company Naspers. He will join the Naspers board as an executive director on July 1 and the Prosus board following the AGM in August 2024. This appointment follows the resignation of Bob van Dijk as CEO of Prosus and Naspers in September 2023. Bloisi is known for rapidly growing iFood into Brazil's leading food delivery company. The company has a portfolio in India that includes BYJU'S, Eruditus, Mens Brands, OLX, Swiggy, The Good Glamm Group, Lazypay, and Pharmeasy.
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Prosus gets new CEO from portfolio firm iFood
The Arc Web
·
1y ago
Medial
Technology investor Prosus and its parent company, Naspers, have announced the appointment of Fabricio Bloisi as the new CEO. Bloisi, currently the CEO of iFood, will take up the role on July 1. This move is significant as Prosus is a major backer of Indian unicorns such as Swiggy, Meesho, and Byju’s. Bloisi will replace interim CEO Ervin Tu, who will become president and chief investment officer. Prosus has been restructuring its operations and ranks since mid-2023.
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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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Prosus CEO Fabricio Bloisi landing in August to take stock of business
Economic Times
·
11m ago
Medial
Fabricio Bloisi, the CEO of investment firm Prosus, is set to visit India in August. Prosus has invested around $7 billion in India and is the largest investor in food delivery platform Swiggy. Bloisi's visit comes as Swiggy prepares for its IPO and after Prosus wrote off its stake in edtech firm Byju's. During his visit, Bloisi will meet with founders of Swiggy, Urban Company, and Meesho, as well as other investors and bankers. Prosus sees India as a key focus and has several portfolio companies in the country.
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Closing new deals in India despite Byju's debacle: Prosus CEO Fabricio Bloisi
Economic Times
·
11m ago
Medial
Fabricio Bloisi, the new CEO of Prosus and Naspers, plans to continue investing in early-to-late stage companies in India despite a $500 million write-off due to the collapse of Byju's. Bloisi believes that valuation resets are typical in the technology sector and that it doesn't deter long-term investors. He remains optimistic about the Indian market and sees it as a global priority for Prosus. Bloisi also mentioned that Prosus is looking for deals in AI and is interested in companies that target the next 300 million users in India. Swiggy, in which Prosus holds a stake, is preparing for an IPO, and PayU India is also planning an IPO.
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Invested $8.6 billion in India, continue to see a lot of opportunity: Prosus CEO Fabricio Bloisi
Economic Times
·
2m ago
Medial
Prosus, a Dutch tech investment firm, has invested $8.6 billion in India, viewing it as a promising market. CEO Fabricio Bloisi highlighted Swiggy's public listing and Prosus’ investment in Rapido as significant milestones. They offloaded 5% of Swiggy shares during its IPO, recovering over half of their investment. Prosus continues to see opportunities in India with plans to list Bluestone and Urban Company. They’re also exploring generative AI investments and supporting startups targeting new users.
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Prosus Expects More IPOs In Indian Startup Ecosystem
Inc42
·
8m ago
Medial
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.
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Prosus CEO expects to unlock more value from Indian investments over the next year | Company Business News
Livemint
·
7m ago
Medial
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.
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Prosus chief investment officer Ervin Tu to step down
Economic Times
·
1m ago
Medial
Prosus announced that its President and Chief Investment Officer, Ervin Tu, will step down but will stay as an advisor. Under CEO Fabricio Bloisi, Prosus has shifted from an investment holding to an operating technology company focused on lifestyle e-commerce in Latin America, India, and Europe. Tu believes now is a suitable time for his departure. Since joining in 2021, Tu has led significant initiatives, including simplifying the group's structure and improving financial performance.
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Investor that had a 3,700% return on Tencent sets sights on India
Economic Times
·
8m ago
Medial
Fabricio Bloisi, CEO of Naspers and Prosus, aims to double the value of the company within the next four years. He believes that having a strong team is crucial for success, emphasizing the importance of people and culture in driving innovation and adaptation. Bloisi is particularly bullish on the Indian market, praising its unique innovation and growth potential. He also highlights the significance of leveraging AI across the company's operations, aiming to have employees use AI daily to enhance their work. Bloisi draws inspiration from the success of their investment in Tencent and sees similar opportunities in India. He emphasizes the need for continuous innovation and adaptation to stay relevant in the fast-changing tech landscape.
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Prosus to boost ecommerce profit to $400 million for 2025 year
Economic Times
·
8m ago
Medial
Prosus NV, a South African-Dutch tech group, aims to achieve $400 million in adjusted earnings before interest and tax (EBIT) from its e-commerce operations for the fiscal year ending in March. CEO Fabricio Bloisi stated that the group had improved its e-commerce adjusted EBIT by over $400 million in fiscal year 2024, and they plan to maintain this pace. In the first half of this year, e-commerce revenue growth exceeded that of the entire previous year, emphasizing the significance of the core e-commerce business in generating profitability and free cash flow for the group.
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