CosmicTaco

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

CosmicTaco · 2024-10-21T19:13:57.385852+05:30

- 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](https://inc42.com/buzz/prosus-expects-more-ipos-in-indian-startup-ecosystem/)

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