Prosus Expects 5 IPOs from India Portfolio in 18 Months

Prosus Foresees Multiple Indian Portfolio IPOs

Prosus is projecting up to five initial public offerings (IPOs) from companies within its Indian investment portfolio within the coming 18 months.

This indicates increasing activity within India, which represents the second-largest internet market globally.

Key Companies Preparing for IPOs

The Dutch investment firm identified PayU, a leading payments provider, Meesho, an innovative e-commerce startup, and Bluestone, an online jewelry retailer, as being actively prepared for public listing.

These companies are among those gearing up to access public capital markets.

Broader Trend of Indian Startup IPOs

Recent reports suggest a significant wave of Indian startups aiming to go public in 2025.

TechCrunch indicated that over 20 Indian startups are currently planning IPOs, including Urban Company, Pharmeasy, and Captain Fresh – all of which have backing from Prosus.

Success of Swiggy's IPO Fuels Optimism

Prosus’s positive outlook is bolstered by the substantial $2 billion profit realized from the IPO of food delivery service Swiggy last month.

Swiggy’s $1.34 billion listing represented the largest technology IPO globally for the year thus far.

Increased Investment in the Indian Market

In addition to anticipating IPOs, Prosus has recently increased its direct investment within India.

Approximately $180 million has been allocated across two new investment agreements.

Recent Investment Deals

• A 10.65% stake was acquired in Mintifi, a supply chain financing platform, for $79.9 million.
• A 7.8% position was secured in Vastu, a housing finance company, for around $100 million.

These investments demonstrate Prosus’s commitment to the Indian market and its confidence in the growth potential of Indian businesses.