CosmicTaco

Prosus Earns $2B from Swiggy Stake Amid IPO

CosmicTaco · 2024-11-13T12:40:18.060964+05:30

* Prosus NV has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent. * The company will sell shares in the IPO, retaining 25% of Swiggy, similar to its stake in Tencent. * Prosus's investment in several Indian companies, including Swiggy, is expected to benefit from the fast-growing Indian market. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-11-13/prosus-gains-2-billion-on-swiggy-investment-with-ipo-valuation)

Prosus NV has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent.
The company will sell shares in the IPO, retaining 25% of Swiggy, similar to its stake in Tencent.
Prosus's investment in several Indian companies, including Swiggy, is expected to benefit from the fast-growing Indian market.

Source: Bloomberg