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Prosus Foresees More IPOs in Indian Startups, Valued at $100Bn

  • Prosus CEO, Fabricio Bloisi, expresses excitement about the company's prospects in India.
  • The company, now valued around $100 Bn, anticipates more of its investments in India to IPO in the next 12-18 months.
  • Prosus has invested over $7 Bn in Indian startups, including Swiggy, Meesho, PharmEasy, and Urban Company.
  • The firm recently invested $30 Mn in Urban Company, providing a partial exit to Bessemer Venture Partners.
  • Prosus wrote off its entire investment in BYJU’s earlier this year, previously holding about a 10% stake.

Source: Inc42

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