MUMBAI: Dutch technology investor Prosus will use a mix of investments and acquisitions to bolster its play in India, where it is seeking to build a portfolio worth $50 billion in the years to come, Group CEO Fabricio Bloisi, who took over the top job in July last year, said.The firm’s approach will not be…
BENGALURU: Netherlands-based global tech investor Prosus invested over $8.6 billion in India, making it one of its strategic markets, CEO Fabricio Bloisi said in a letter to shareholders on Thursday.The update follows Swiggy’s IPO last year and a recent investment in the ride-hailing platform Rapido, which Bloisi said is growing over 100% year-on-year and facilitating…
BENGALURU: Accel secured $650 million for its eighth India-focused fund, as shown in the US SEC filings. This commitment demonstrates confidence in India’s growing startup ecosystem, despite global economic uncertainties affecting investment sentiment.With this capital, Accel intends to enhance its backing for both nascent ventures and existing portfolio companies across sectors. This capital raise aligns…
MUMBAI: The current year has been a blockbuster for initial public offerings.A total of 298 companies have listed on the stock exchanges, raising a combined Rs 1.4 lakh crore — a 139% increase over the Rs 58,827 crore raised in 2023. The previous best was in FY22 when a total of Rs 1.3 lakh crore…
MUMBAI: After Swiggy’s bumper listing on the bourses last month, Prosus is eyeing more initial public offerings in India, a market where it has invested more than $8 billion over the years. In an earnings presentation on Monday, the Dutch technology investor said that five Indian companies from its portfolio including Meesho, Bluestone and PayU…