Summary:
Prosus anticipates up to five IPOs from its Indian portfolio in the next 18 months.
Key IPO candidates include PayU, Meesho, and Bluestone.
Over 20 Indian startups are looking to go public in 2025.
Prosus recently made $2 billion in profits from Swiggy's IPO.
Invested about $180 million in two new Indian deals, enhancing its market position.
Overview
Prosus is gearing up for an exciting phase as it anticipates up to five potential IPOs from its Indian portfolio within the next 18 months. This highlights the growing momentum in India's rapidly expanding internet market.
Key Players in the IPO Race
Among the startups preparing for an IPO are:
- PayU (payments giant)
- Meesho (e-commerce startup)
- Bluestone (online jewelry seller)
These companies are part of a larger trend, as over 20 Indian startups are looking to go public in 2025. Notable mentions include Prosus-backed Urban Company, Pharmeasy, and Captain Fresh.
Image Credits: Juinen / Bloomberg / Getty Images
Recent Success and Investments
This announcement by Prosus comes on the heels of a $2 billion profit from the IPO of food delivery firm Swiggy, which recorded the largest technology IPO globally this year at $1.34 billion.
In addition to its IPO plans, Prosus has recently deepened its investments in India, pouring about $180 million into two new deals. This includes:
- A 10.65% stake in supply chain financing platform Mintifi for $79.9 million.
- A 7.8% position in housing finance company Vastu for approximately $100 million.
This strategic investment approach signals Prosus's commitment to leveraging the potential of the Indian market for future growth and innovation.
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