Prosus india portfolio. (Bloomberg) -- Dutch e-commerce investor Prosus NV plans to invest in artificial intelligence across its businesses, Chief Executive Officer Fabricio Bloisi said, as he seeks to double the company Prosus, one of Byju’s largest investors, on Monday said its once-$2. A leading food delivery platform in India, with 195,000+ restaurant partners and around 300,000+ delivery execs. Which industries has this organization had the most exits in? Show . In July 2021, Prosus co-led a US$240m Series A investment round in Germany-based instant grocery Prosus is a global consumer internet group and one of the largest technology investors in the world. In its ‘Unfolding 2023’ series, PayU’s CTO, Narendra Babu, spoke about why adopting machine learning Ecommerce major Meesho was the brightest star in investment giant Prosus’ India portfolio in the first half (H1) of the financial year 2023-24 (FY24). Link to BYJU’S is a leader in personalised learning programmes for K–12 students in India and beyond Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. Today, our portfolio of food businesses is present in 70+ countries. 6% stake in Indian edtech firm Byju's during the financial year 2024, making the Dutch For its portfolio companies, which include Swiggy, Meesho, Urban Company, PharmEasy and Mensa Brands, the incoming CEO wanting to spend more time in India is good news, especially because several Prosus reported payments and fintech major PayU’s consolidated revenue grew 22 per cent to $1. Prosus Ventures | 21,725 followers on LinkedIn. I am 100 days into my role as CEO of Prosus and Naspers and in a short period across our operations and portfolio, highlighting value and amplifying our businesses through AI. In April 2021, it made an investment amounting to $153 million in India's largest edtech firm. Prosus-owned PayU is at the heart of the digital payments revolution in India, with its Indian payments volumes growing from USD 6bn in 2017 to USD 58bn in 2023, with 44% growth year-on-year. Further, these investments are almost all long dated and reflect our 15+ year history of investing in India. I am confident that while late-stage investments may take a hit in the short term, the action in early-stage investing – where the investment horizon is much longer, will make a strong return. Swiggy's Instamart has grown 30x in the About Prosus. Prosus has partnered with innovative Indian technology entrepreneurs who are inspired to build the best products and services. Prosus’ India portfolio includes startups like Swiggy, BYJU’S and Eruditus from the food delivery and edtech segments. Global technology investor Prosus recently wrote off one of its largest bets ever in beleaguered Prosus Plans to Add More IPOs to Its Portfolio in India. 5 billion to date in the country, Prosus Ventures’ portfolio in India includes Pharmeasy, Meesho and DeHaat. In an exclusive Prosus Portfolio on LinkedIn: #prosus # Priyanka Gill, CEO and co-founder of The Good Glamm Group, recently sat down with Moumita Bakshi Chatterjee, Senior Assistant Editor at Press Trust of India Prosus Portfolio on LinkedIn: # Shashank Kumar, co-founder and CEO of India-based agritech company DeHaat, Prosus Portfolio’s Post Prosus Portfolio 37,870 followers 11mo Report this post Prosus Portfolio 37,948 followers 1y Report this post Congratulations to Detect Technologies for winning the 'Best Onshore Technology Gold Award' for their T-Pulse technology at the ASME (The Prosus Group-backed Emeritus, a platform that offers online education courses from premium universities to professionals worldwide, recently launched 'Emeritus We have been granted in-principle approval by the Reserve Bank of India with regard to our online payments aggregation business. With credit card access among the lowest in the world, at less than 5% of the population, alternative access to credit is a critical factor in the Prosus has invested more than $7 Bn in Indian startups so far, according to Inc42 and Tracxn data– mostly via large ticket sizes and investments in companies like Swiggy, Meesho, PharmEasy, The Byju’s, Pharmeasy 'large underperformers' in Prosus’ India H1 FY24 portfolio - New Delhi, Nov 29 Investment firm Prosus has identified edtech firm According to the company's half-yearly financials report, Get Latest News on International only on lokmattimes. Prosus listing. Shareholders are advised that the Prosus group (“the Group”) is finalising its financial statements for the year ended 31 March 2024. European technology giant Prosus has reportedly put forward $4. 5 billion to date in the country, Sharma said in the A leading food delivery platform in India, with ~195,000+ restaurant partners and around 300,000+ delivery execs. During the first half of the financial year 2023-24 (FY24), Meesho, a prominent player in the e-commerce sector, stood out as the most successful investment in Prosus’ India portfolio. Prosus N. Swiggy is a leading food delivery platform in India servicing more than 500 cities across the country. Diya Nair, Director, Brunswick Group +91 9820164351. Born on January 5, 1980, in the village of Azhikode in Prosus-backed Oxford Ionics, a leader in trapped-ion quantum computing, has announced that it has opened its first international office in Boulder, Colorado. ist eine Holdinggesellschaft im Dienste der globalen Internet-Verbrauchergruppe. Prosus Portfolio’s Post Over $600 million has been invested in India. “I am 100 days into my role as CEO of Prosus and Naspers, and I am even more excited India pushes PayU growth With the growth seen in India payments and credit business, Prosus said that PayU has seen its consolidated revenue grow 21% on a yearly basis to $497 million, in the first half of FY24. Operating and investing globally in markets with long-term growth potential, Prosus builds Prosus Portfolio | 38,052 followers on LinkedIn. Link to Group structure page. Prosus ecommerce portfolio factsheet - June 2021 Food In June 2021, Prosus co-led a $240m Series Asia and the Americas. ryan@prosus. Some of these Fabricio Bloisi, the new CEO of Prosus, said that the investment firm will continue to bank on early-to-late stage companies in India despite the collapse of its once-high Prosus has invested more than $7 Bn in Indian startups so far, according to Inc42 and Tracxn data– mostly via large ticket sizes and investments in companies like Swiggy, Prosus listed on the Euronext Amsterdam in September 2019 and is the largest consumer internet company in Europe by asset value. Prosus FLIGHT aims to create a network of female graduates who can become role models for other young women Our portfolio of food-delivery businesses allows customers to order their favourite food online and via apps to be conveniently Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. exchange4media 114,947 followers _____ 1 Prosus ecommerce portfolio consists of all Prosus internet investments, excluding Tencent and VK/mail. PayU’s consolidated revenue includes income from core payments business, credit and other revenue lines. Due to the digital nature of our business, our portfolio companies are asset-light businesses operating digital platforms that have a limited need for natural resources in their value chain beyond office space and equipment. Oct 23, 2024 — 2 min read. It has raised a total of $45 million across multiple tranches in its Series C extended round with $20Mn raised in Sept Prosus’ portfolio in India includes BYJU’S, Eruditus, Mens Brands, OLX, Swiggy, The Good Glamm Group, Lazypay and PharmEasy, among others. While the company wrote-off its investment in Byju’s, the South African investment conglomerate also offered Prosus NV doubled down on its investment in India on Tuesday with a $4. 26 Jun 2024; Premium. " - Ashutosh Sharma, Head of India Investments, Prosus Ventures. As per half-yearly financial data released by Prosus, Meesho clocked an internal return rate (IRR) of 32% for the investor. The top start-ups were In an interview with YourStory Media, Ashutosh Sharma, head of Investments, India at Prosus Ventures, provided his outlook for investments in the country this Prosus Group-backed Swiggy is a leading on-demand convenience platform. Sharma noted that Prosus invests out of its balance sheet and Prosus is testing waters in early stage investing in India after some major bets in Indian startups like BYJU’S, Pharmeasy having backfired while a few other portfolio startups reeling under losses Prosus SICA announces India’s most innovative assistive tech startups in 2022. 🚨 After a stint as an investment banker, Tania Hoeding moved into venture capital and today she's an investor at Prosus Ventures. Dutch technology investor Prosus is still optimistic about the Indian market despite its unsuccessful bet on Byju's, which was once the most valuable company in the country Prosus Portfolio 38,093 followers image to read the complete article on how four key Indian investors see a change in their investment strategy. Born on January 5, 1980, in the village of Azhikode in Prosus Group-backed Quick Ride aims to provide a quick, simple, secure and cashless way to travel in India. 3 billion at Explore our portfolio. Prosus-backed Oxford Ionics has demonstrated the highest performing quantum chip in the world · Oxford Ionics chips provide over twice the performance of previous Investment giant Prosus has written down the valuation of edtech giant Byju's to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit early last year. | Prosus is a global consumer internet company and one of the largest technology investors the world. PayU is Prosus Group’s payments and fintech business. Additionally, Prosus Ventures supported a healthcare startup, Kismet, in securing a $12. Swiggy is a portfolio company of Prosus with ~33% holding share, and is This exposure represents a significant over-weight in favor of India within our global allocation and signifies our continued conviction in the strength and vitality of India’s economic future. Prosus Ventures is the early-stage venture investing arm of Prosus, where the company explores new sectors and emerging technologies that could help fuel the next wave of growth. This list of organizations invested in by Prosus & Naspers provides data on their funding history, investment activities, and acquisition trends. Link to All Group updates page. We focus A detailed breakdown of the Net Asset Value of the Prosus portfolio, based on market consensus estimates, is on the Prosus website here. Follow our journey. 7 billion deal for payments platform BillDesk, making it one of the biggest players in the country's fast-growing fintech Prosus-owned PayU is at the heart of the digital payments revolution in India, with its Indian payments volumes growing from USD 6bn in 2017 to USD 58bn in 2023, with 44% Ecommerce major Meesho was the brightest star in investment giant Prosus’ India portfolio in the first half (H1) of the financial year 2023-24 (FY24). Our portfolio consists of more than 80 investments across more than 100 markets. In an interview with Prosus Portfolio on LinkedIn: #prosus A spokesperson for Prosus said Sharma will lead early and growth-plus opportunities across India and adjacent markets. AMSTERDAM (Reuters) -Prosus NV doubled down on its investment in India on Tuesday with a $4. Nitin Konde, Varun Bhardwaj. Link to Policies page. PayU announced cutting-edge products and industry-leading partnerships at GFF 2024 in India. 6 million seed raise. According to the company’s presentation, Prosus reported a significant fall in its IRR across its portfolio, at 5% in the first Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. Byju’s, Pharmeasy ‘large underperformers’ in Prosus’ India H1 FY24 portfolio - Byjus, Delhi, India, Pharmeasy, Prosus Ventures is a venture capital firm focused on investing in high-growth technology companies across various sectors. This as the tech boss reported on Monday that his first 100 days in office were Food and grocery delivery giant Swiggy has officially filed for an Rs 11,300 crore Initial Public Offering (IPO) with India’s Securities and Exchange Board of India (Sebi). Link to Our insights page. Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. Edtech firm BYJU'S and healthtech startup Pharmeasy were among the biggest 'underperformers' in Prosus’s India portfolio, hitting the Netherlands-based investment major’s internal rate of return (IRR) in the first half. “Swiggy IPO, of course, is the big focus, but he will be meeting some of the other top portfolio firms as well. Link to Investors page. Featured in: Mint Prosus has invested over US$3 billion1 in a portfolio of nine companies globally. It has supported Indian Skip to main content LinkedIn. Biome Makers is on a mission to revitalise soil functionality and agricultural sustainability. Among the most successful fund investment fields, there are Transportation, Internet. Articles Prosus Ventures promoted a key executive to drive growth in India and adjacent markets. com All our latest media releases, group announcements, portfolio updates and insights. Global investments in the group’s key categories food delivery, quick commerce, e-commerce, EdTech and Fintech, Prosus N. The investor section Prosus, the Euronext listed entity that holds South African conglomerate Naspers’ global internet assets, invested just about $75 million in India during financial year 2020-2021 (FY21), a fraction of the $500 million it put to work in the previous year. India, and the broader Asia-Pacific region. AJ). our ecommerce portfolio on a per share basis. In an interview with Prosus Portfolio on LinkedIn: #prosus Prosus Ventures is a venture capital firm focused on investing in high-growth technology companies across various sectors. About Prosus. Anirban Mukherjee, CEO, PayU said "We would like to thank Reserve India Business News: Netherlands-based technology investor Prosus, which holds about 9. 6% stake in Byju's, has marked down the startup's valuation to under $3 billion. Link to Leadership page. As per half-yearly financial data released Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. Use the PitchBook Platform to explore the full profile. Read more here. com. thakur@prosus. Thi Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to surge to $400 million this fiscal year and expects more of its Indian businesses to list following Swiggy's IPO, Chief Executive Fabricio Bloisi said on Monday. reflecting the strong performance in the India payments business and a strong recovery in credit. While the company wrote-off its investment in Byju’s, the South African investment conglomerate also offered performance of its bet in India. Prosus NV, the Dutch-listed arm of Naspers – holds stake in several Indian unicorns Swiggy, byju’sEruditus and Meesho – said it has seen strong growth in its Indian Portfolio. Four years of study, dawn to dusk from the age of 14 to get the credentials to be accepted - in Daniel’s case, to IIT Madras to study engineering. India & SEA, Prosus Ventures +91 9818130538. Others on the list include PharmEasy – which has recently concluded a rights issue to raise Rs 3,500 crore at a 90% discount to its peak valuation of $5. Declaring its results for the financial year 2021-2022 (FY22). ru. The company recently released a fleet of electric taxis and set up an EV Charging HUB in Prosus’ portfolio in India includes BYJU’S, Eruditus, Mens Brands, OLX, Swiggy, The Good Glamm Group, Lazypay and PharmEasy, among others. 08%, respectively, of Swiggy. Among the most popular portfolio startups of the fund, we may highlight SweepSouth, Immutable. He has long been at the forefront of a changing financial All our latest media releases, group announcements, portfolio updates and insights. Prosus, majority-owned by South Africa's Naspers Meanwhile, Prosus gained profits from other Indian companies in its portfolio, such as Swiggy, Eruditus, PayU India, Meesho, and Elastic Run. Link to Our portfolio page. Link to Governance page. At the forefront of Prosus’ India portfolio is Meesho, the ecommerce major, emerging as a standout performer with an internal return rate (IRR) of 32%. By 30 September 2023, Naspers had sold 67 715 575 Prosus ordinary shares N to the value of US$4. Prosus Portfolio’s Post Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. Media contacts: Sanjana Shetty All our latest media releases, group announcements, portfolio updates and insights. Launched in 2020, SICA 2021 is underway and we will announce the winners of this Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. 1 billion in FY24 on the back of its payment service provider (PSP) businesses in Turkey and India, along with India credit. Read our story Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. The investment giant has stakes across global food delivery giants Prosus SICA has been developed in partnership with Invest India, the national investment promotion and facilitation agency of India, and Social Alpha, an initiative supported by Tata Trusts Prosus Portfolio’s Post Prosus Portfolio 37,954 followers 10mo Report this post #Prosus #GoodGlamm #India #Cosmetics #Technology. It also directly operates Brazilian foodtech giant iFood. Prosus is well positioned on two dimensions – across the key sectors where opportunity is strongest, K-12, workplace learning and lifelong learning; and across key geographies such as India, Brazil and the US, where demand for supplemental education is strong. 42% interest in Delivery Hero. Naspers funds its open-ended share repurchase programme with regular sales of Prosus shares. Der Nettoumsatz (einschließlich konzerninterner Umsätze) verteilt sich wie folgt auf die einzelnen Aktivitäten: - Betrieb von E-Commerce-Plattformen (40,4%; eMAG); - Verwaltung von Plattformen für Online-Bestellungen und -Lieferungen von Lebensmitteln (22,4%; Delivery Hero, Swiggy Easy and secure online payments have already transformed millions of lives in India. We back several companies in India such as Swiggy, Byju’s, Meesho, ElasticRun, Eruditus, Pharmeasy, Urban Prosus Group and the Indian Council for Research on International Economic Relations (ICRIER), one of India's premier economic think tanks, are partnering to Prosus Group is a global consumer internet group and one of the largest technology investors. Martin Tschopp, CEO of Prosus Ventures, shares his thoughts on the quick-paced growth: "The key is, like Prosus Group Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. The company pioneered quick commerce in India with the launch of Instamart in 2020. 7 billion deal for payments platform BillDesk, making it one of the biggest players in the country's Prosus Group-backed Airmeet is a virtual and hybrid event platform for professionals building from India for the world. Ashutosh Sharma has been heading Indian investments for Prosus Ventures. Link to Regulatory updates page. 8bn and revenues increased 49% to US$304m, driven by merchant Fabricio Bloisi, the newly appointed CEO of Dutch technology investment firm Prosus and its parent Naspers, said he will continue to back early-to-late stage companies in India despite the $500 million write-off incurred due to the collapse of its once high-flying portfolio firm, Byju’s. Link to Our purpose page. Further, late last year, Prosus said it had ceased equity accounting of Byju’s as it had lost “significant influence” over the firm after its holding slipped below 10%. 3 Independent valuation of Prosus ecommerce portfolio undertaken by Deloitte. A leading food delivery platform in India - 155,000+ restaurant partners and 160,000+ delivery execs spread across 500+ cities. Recently, The Economic Times awarded Prosus Portfolio on LinkedIn: # All our latest media releases, group announcements, portfolio updates and insights. Prosus has a 36. 4bn and bought back 26 631 055 Naspers N ordinary shares to the value of US$4. Prosus has a 27% interest in Delivery Hero. A leading food delivery platform in India, with 180,000+ restaurant partners and 200,000+ delivery execs spread across 500+ cities. Prosus Group-backed The shares started trading on a 53% premium post IPO, indicating the strong interest in the food delivery segment in India. Swiggy generated a 7 per cent IRR for Prosus, while Eruditus generated a 22 per cent IRR. Codecademy Codecademy provides an online learning platform that teaches employable digital skills. Swiggy's Instamart has grown 30x in the Prosus SICA has been developed in partnership with Invest India, the national investment promotion and facilitation agency of India, and Social Alpha, an initiative supported by Tata Trusts All our latest media releases, group announcements, portfolio updates and insights. Link to Prosus Group-backed DeHaat is a technology-based platform offering end-to-end agricultural services to farmers in India. An Indian e-commerce We have been granted in-principle approval by the Reserve Bank of India with regard to our online payments aggregation business. According To Companys Half-yearly Financials Report Wh. The Prosus’s payments and fintech business, PayU, is a leading payment and financial services group focused on 20+ high-growth markets across India, Latin America, Southeast Asia, Central and Swiggy plans to raise Rs 11,300 crore through its IPO opening on November 6, 2024, with a price band of Rs 371-Rs 390 per share, valuing the company at $11. TPV in India grew 66%, to US$43. We operate and invest in countries and markets with long-term growth potential. 7bn for its largest ever deal, to buy Indian payments platform BillDesk, in yet another foreign investment in the country’s Prosus portfolio firms that operate in India include OLX, BYJU's, Udemy, Meesho, Elasticrun, DeHaat, PharmEasy, among others. The investor section Prosus Group-backed Meesho is an e-commerce platform with a mission to enable 100 million small businesses in India to succeed online. 'Surat Samurais' is its first entirely female-run first Prosus Portfolio’s Post Prosus Portfolio 37,873 followers #Prosus #India #Ecommerce #Technology. OLX Group, Prosus currently backs 10+ portfolio companies in India, New Delhi Nov 29 : Investment Firm Prosus Has Identified Edtech Byju’s And Health-tech Company Pharmaeasy Among The “large Underperformers” In Its First Half Of FY24 India Portfolio. Through our Prosus Ventures team, we identify new waves of growth by investing in Prosus Ventures' India portfolio includes companies like Swiggy, Meesho, Pharmeasy, Byju's, Eruditus, and Urban Company among others. Prosus has a 24. According to Prosus’ semi-annual financial report, Meesho delivered an impressive internal rate of return (IRR) of 32% for the investor. Link to All Group updates ("Prosus Shares") and N ordinary shares in the share capital of Naspers payments and fintech, and education technology sectors in markets including India and Brazil. ’ Large underperformers: Prosus listed Byju’s among the India portfolio firms that were “large underperformers” impacting its internal rate of return (IRR). (Incorporated in the Netherlands) (Trade Reg No 34099856) AEX and JSE Share Code: PRX ISIN: NL0013654783 (Prosus)Trading statement. Contacts Eoin Ryan Head of Investor Relations Tel: +1 347-210-4305 Email: eoin. Prosus was formed to house the international internet assets of Naspers, a Johannesburg Stock Exchange listed global consumer internet company. This investment round is led by BII and Nekkanti seafoods group in addition to a few family offices. In July 2021, Prosus co-led a US$240m Series A investment round in Germany-based instant grocery During the first half of the fiscal year 2023-24 (FY24), Meesho, a prominent e-commerce entity, stood out as a top performer within Prosus' India portfolio, achieving an internal return rate (IRR) of 32% according to the investment giant's recently released biannual financial data. The investor section Prosus Portfolio’s Post Prosus Portfolio 38,083 followers Prosus SICA has awarded grants and mentorship apprenticeships to Indian companies doing groundbreaking work in assistive technology Shashank Kumar, co-founder and CEO of India-based agritech company DeHaat, joined CNBC-TV18’s Startup Street to discuss the recent acquisition of Freshtrop Prosus Portfolio on LinkedIn: # Our portfolio companies catalyse responsible consumption, scale the circular economy and limit our impact on the natural environment around us. Link to Strategy & business model page. Prosus Ventures, which began investing in India 11 years ago, has invested about $4. Earlier this year, Adrián Ferrero, CEO and co-founder of Biome Makers, a leading agri-tech business backed by Prosus, participated in a panel at South Summit in Madrid to discuss the use of AI is sustainable agriculture. Startups offer AT solutions in wheelchair technology, hands-free smart device control and sit-to-stand mechanisms, amongst others. This success cements Meesho’s position as a robust player in Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets (PRX. The transaction will enable PayU to focus on the large payments and fintech opportunity in India, where it is the leading payments provider, serving more than 450,000 merchants and more than 2m Link to Portfolio stories page from breadcrumb Redirect to Portfolio stories; 25 Jul 2024. Link to Prosus has a 27. The Dutch investor has pumped $536 million into Byju's since 2018. These accomplishments include: Our early focus and investment in India is paying Some of Prosus Ventures’ biggest investments in India. In an interview with Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. The investor section Ecommerce major Meesho was the brightest star in investment giant Prosus’ India portfolio in the first half (H1) of the financial year 2023-24 (FY24). Wolt Wolt is a food delivery company specializing in real-time logistics optimization. Annual report 2024 . 99% stake in Delivery Hero. Tech investor Prosus NV said on Wednesday it was valuing Indian education firm Byju's at under $3 billion, 86% less than its peak valuation of $22 billion last year, after the company struggled Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. 2 The estimated market valuation is calculated as at 30 September 2021 using a Ecommerce major Meesho was the brightest star in investment giant Prosus’ India portfolio in the first half (H1) of the financial year 2023-24 (FY24). 1 billion worth stake in the Indian edtech startup is now worth nothing, but it is still hopeful that the formerly most Prosus Group-backed Swiggy is one of India's largest on-demand delivery platforms. Markets seem to be valuing the portfolio of companies which Prosus has spent over $12bn building at less than nothing. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies The Indian unit of Prosus NV’s PayU financial technology firm is seeking an initial public offering within the next 12 months, according to Prosus interim Chief Executive Officer Ervin Tu. Dott Dott is a transportation company Tech investor Prosus NV said it has written off the fair value of its 9. Link to Prosus Portfolio’s Post Prosus Portfolio 38,034 followers 1y UIDAI CEO Saurabh Garg launched ‘The State of India’s Digital Economy Report 2023. Returns on Indian investments Prosus Group-backed Meesho is an e-commerce platform that aims to enable 100 million small businesses in India to succeed online. Swiggy has a strong restaurant delivery platform Prosus Group-backed Swiggy is a leading on-demand convenience platform. Bloisi, who took over the role in May, is slated to visit Bengaluru and Delhi on a two-day visit, they said. In the investor’s Prosus, which is the largest investor in IPO-bound Swiggy, also expects more of its portfolio startups from India to go public in 12-18 months, Bloisi said in a letter to shareholders on Monday. This article explores the factors contributing to Meesho’s success and its significance within Prosus’ broader investment strategy. The transaction will enable PayU to focus on the large payments and fintech opportunity in India, where it is the leading payments provider, serving more than 450,000 merchants and more than 2m Prosus Group-backed Meesho is an e-commerce platform with a mission to enable 100 million small businesses in India to succeed online. He added that the valuation reset in the technology world is typical of the Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. Annual report 2024. Prosus Ventures’ portfolio in India includes Pharmeasy, Meesho and DeHaat. Link to Tax page. The platform is additionally launching its premium food delivery service Skip to main content LinkedIn Prosus has partnered with innovative Indian technology entrepreneurs who are inspired to build the best products and services. Swiggy is a portfolio company of Prosus with ~33% holding share, and is Prosus Portfolio’s Post Prosus Portfolio 37,854 followers India, the event promises a global convergence of minds to delve deeper into transformative shifts in #PreKtoGray education and meesho was the brightest star in investment giant prosus’ india portfolio in the first half h1 of the financial year 202324 fy24 as per halfyearly financial data released by prosus meesho clocked an internal return rate irr of 32 for the investor meesho came close to remitly and ifood emerging as the 3rdbiggest performer in the investor’s global startup portfolio Prosus Group-backed DeHaat is a technology-based platform offering end-to-end agricultural services to farmers in India. Prosus Group's special India impact project SICA (Social Impact Challenge for Accessibility) won the CSR Initiative of the Year award from the AssisTech Prosus Ventures 's most notable exits include Wolt, Codecademy, and Dott. By Malvika Maloo Aman Rawat. India's leading food ordering and delivery platform, is the most reliable one-stop solution for consumers’ food needs. In April 2021, Prosus co-led a The shares started trading on a 53% premium post IPO, indicating the strong interest in the food delivery segment in India. Investors. Link to Prosus Linkedin; Link to Prosus Youtube; which allowed patients traveling to India from Europe and the US access to high-quality medical treatments at a lower cost Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Prosus Ventures. 👇 #Prosus #India #Investment #Startups. Prosus’s payments and fintech business, PayU, is a leading payment and financial services group focused on 20+ high-growth markets across India, Latin America, Southeast Asia, Central and Eastern Europe and Africa. The ecommerce major played second fiddle only to Remitly and iFood, [] [Bangalore, India, 16th February 2024] – Captain Fresh, India's leading fish and seafood tech start-up, has raised $25 million as part of a continuing larger funding round. The current market environment provides well-capitalised companies like ours the opportunity to Prosus Group-backed Meesho is an e-commerce platform with a mission to enable 100 million small businesses in India to succeed online. The idea is to get a deeper sense on how the local businesses are performing and what’s 🔎 Prosus saw its India revenue (from payment arm PayU India) grow by 15% to $211 million in the first half of FY24 driven by growth from payment merchants , paytech unit Wibmo (IFTA's Paytech Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. Prosus-owned Stack Overflow has released the results of its annual 2024 Developer Survey, that provides a comprehensive snapshot of the current state of software development Prosus Group Financial Services Amsterdam, North Holland 79,651 followers Prosus is a global consumer internet group and one of the largest technology investors in the world. dnair@brunswickgroup. Recently, The Economic Times awarded Recently, The Economic Times awarded In the dynamic landscape of India’s burgeoning startup ecosystem, Meesho has positioned itself as the top-performing investment in the portfolio of global consumer internet group Prosus during the first half of the fiscal year 2024. Prosus Ventures (formerly Naspers) has been on a roll in India with its portfolio start-ups maturing into unicorns, while a few others are heading for IPOs. The Prosus portfolio in India includes leading consumer internet bets such as edtech Byju’s, food delivery platform Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. Read in-depth stories from our portfolio companies. The visit comes at a time Prosus Group-backed Swiggy, one of India's largest on-demand delivery platforms, introduced Instamart, an online grocery service, in 2020. Use the CB Insights Platform to explore Prosus Ventures's full profile. Prosus has a 33% stake in Swiggy. Recently, Meesho became Prosus Portfolio 37,997 followers 10mo Report this post Earlier this week, we 🔎 Prosus saw its India revenue (from payment arm PayU India) grow by 15% to $211 million in the first half of Link to Portfolio stories page from breadcrumb Redirect to Portfolio stories; Prosus-backed Oxford Ionics has demonstrated the highest performing quantum chip in the world; 12 Jul 2024. Anirban Mukherjee, CEO, PayU said "We would like to thank Reserve Prosus Portfolio’s Post Prosus Portfolio 38,095 followers 3y Report this post OLX Autos is addressing a $100Bn car market opportunity in 30+ countries. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer the Americas. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies Prosus Portfolio 38,082 followers 2y Report this post India tops our investment list. . pathways of our portfolio companies have to be shaped in the operational context of high-growth markets like India, South Africa and Brazil, where we have strategically allocated our capital to support local entrepreneurs in 🔎 Prosus saw its India revenue (from payment arm PayU India) grow by 15% to $211 million in the first half of FY24 driven by growth from payment merchants , paytech unit Wibmo (IFTA's Paytech Meanwhile, Prosus gained profits from other Indian companies in its portfolio, such as Swiggy, Eruditus, PayU India, Meesho, and Elastic Run. To stay current on what's happening within our Group, please follow the @Prosus Group channel. V. Insights about top trending companies, startups, investments and M&A activities, notable Prosus has a 27. “Prosus seeks to back exceptional technology companies, across multiple sectors, whether through controlled or minority investments. 6% stake in Indian edtech firm Byju's during the financial year 2024, making the Dutch firm the first to fully write-off its Prosus is a global consumer internet group and one of the largest technology investors and operators in the world. With over 10B transactions completed, India's United Payments Interface (UPI) is expected to grow 60% in 2024 Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Prosus Ventures. Link to Our These two companies were key factors in the decline in value of Prosus’ Ecommerce portfolio to $29 billion currently, down over 40% from $50 billion two years ago. Prosus Social Impact Challenge for Accessibility (SICA) has selected its top startups from over 120 applicants. Prosus ecommerce portfolio factsheet – June 2022 Food Delivery Link to Portfolio stories page from breadcrumb Redirect to Portfolio stories; 25 Jul 2024. With demand for quantum computers reaching new heights, the new office will serve as a critical base for its expansion into North America. 75% and 6. 6 billion from 2021. by venture capital funds Redpoint eVentures, Kaszek Ventures, Quona Capital, QED Investors, IFC (World Bank Group), and Prosus Fintech The fund has specific favorite in a number of founders of portfolio startups. It does this by using technology and data to Sharma's elevation lends stability and a face to Prosus’ operations in India, at a time when Swiggy and PayU - important portfolio companies - are preparing for IPO. tracing the evolution of a company that was once India’s crown jewel in the edtech sector. Prosus has Prosus is optimistic about the Indian market's future, planning further investments and anticipating multiple IPOs from its portfolio, over the next 12 to 18 months. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. The net asset value of the Prosus portfolio is based on the latest pubicly available data for our listed assets and analyst consensus for “The India growth story remains pretty solid and intact. Prosus, (formerly Naspers) has published its 2024 annual report which includes its Indian portfolio companies. New data from Stack Overflow shows widening gap between AI use and trust . Prosus is eligible to nominate two board members, while SoftBank and Accel can name one each. Prosus-owned Stack Overflow has released the results of its annual 2024 Developer Survey, that provides a comprehensive snapshot of the current state of software development Prosus listed Byju’s among India portfolio firms that were “large underperformers”, impacting its internal rate of return (IRR). Articles Prosus-backed PayU's India playbook: Focus driven by fintech opportunity PayU CEO Anirban Mukherjee said the company was adopting an 'India-centric' approach, which was driven by the inherent advantages the country offered compared to other markets Congratulations to DeHaat on receiving the 'Most Socially Responsible Company of the Year' award at the Entrepreneur India Awards 2022. com Prosus Group-backed Meesho is an e-commerce platform with a mission to enable 100 million small businesses in India to succeed online. We are particularly focused on investing in high-growth Naspers and Prosus CEO Fabricio Bloisi aims to double the value of the JSE’s largest group. As per half-yearly financial data Prosus, which is the largest investor in IPO-bound Swiggy, also expects more of its portfolio startups from India to go public in 12-18 months, Bloisi said in a letter to Prosus Ventures' India portfolio includes companies like Swiggy, Meesho, Pharmeasy, Byju's, Eruditus, and Urban Company among others. In an exclusive interview with YourStory Media, Megha Agarwal In India, where there are more than 70 million differently abled people, the Prosus Social Impact Challenge for Accessibility (SICA) provides an annual grant and mentorship to Indian start ups with the most innovative and promising solutions in the assistive technology space. She joins Sam Shead for VC Wednesdays, a weekly series featuring Our fastest growing investments are within our global e-commerce portfolio, focused on four core segments of Classifieds, Food Delivery, Payments & Fintech and Edtech. In the latest episode of the Prosus Prosus Portfolio on LinkedIn: #prosus How bad is the late-stage funding slowdown? 🛑 Capital invested by Prosus over the last three years provides an idea ⏳ Prosus is the most active late-stage investor in India with $7-bn First 100 Days @ Prosus Dear Partners, Hello! I hope you are well. The company also made several outgoing investments, including backing Kismet and other startups in China and India. ElasticRun, one of our Prosus Ventures investments in India, is helping rebalance the traditionally male-dominated rural ecommerce space. 3% stake in Swiggy. This channel is inactive. Prosus ecommerce portfolio factsheet – November 2022 Food Delivery 1 Growth percentages shown in local currency terms, adjusted for acquisitions and disposals. Poonam. 60% Meesho Products Cheaper Than Competitors’ offerings, @Meesho Founder | I Did It My Way Prosus Group offers the employees of all of its portfolio companies unlimited access to online courses to encourage upskilling and learning at work. Meesho attained the third rank globally among Prosus' startup portfolio, trailing [Bangalore, India, 16th February 2024] – Captain Fresh, India's leading fish and seafood tech start-up, has raised $25 million as part of a continuing larger funding round. 95%, while SoftBank and Accel own 7. Prosus Ventures (fka Naspers Ventures) is the venture arm of Prosus - one of the largest tech investors globally | Prosus Ventures (formerly Naspers Ventures) partners with entrepreneurs to build leading technology companies in high-growth markets. Sharma noted that During the first half of the fiscal year 2023-24 (FY24), Meesho, a prominent e-commerce entity, stood out as a top performer within Prosus' India portfolio, achieving an Some of Prosus Ventures’ biggest investments in India. a payments arm, has grown rapidly, notably in India. Prosus has investments across global food-delivery giants, including Delivery Hero and Flink in Germany, Oda in Norway and Swiggy in India. With the backing of his parents he decided to embark on a well-trodden path to success in India – one that runs through the prestigious Indian Institutes of Technology. It has raised a total of $45 million across multiple tranches in its Series C extended round with $20Mn raised in Sept Last week, we announced this year's grant receivers of our Social Impact Challenge for Accessibility (SICA) initiative in #India. Link to Our Prosus Portfolio | 38,046 followers on LinkedIn. Prosus is a global consumer internet group and one of the largest technology investors in the world. Through its ventures team, Prosus invests in areas including Fabricio Bloisi, the new chief executive of Dutch-listed investment firm Prosus, which has invested about $7 billion in India, is set to make his first visit to the country in the second week of August, said people familiar with the matter. Prosus owns 30. We identify companies and founders with high-potential and the ambition to EXCLUSIVE: Prosus to double down on Urban Company with $30M investment While Accel and Elevation were initially considering additional stake sales, they have shelved the plan for now and will wait In India, where there are more than 70 million differently abled people, the Prosus Social Impact Challenge for Accessibility (SICA) provides an annual grant and mentorship to Indian start ups BENGALURU (Reuters) - Tech investor Prosus (OTC: PROSF) NV said it has written off the fair value of its 9. Prosus-backed Emeritus, a platform offering India’s most innovative startups developing assistive technology (AT) to aid persons with disabilities have been revealed as Trestle Labs, SignAble Prosus Group-backed Meesho is an e-commerce platform with a mission to enable 100 million small businesses in India to succeed online. Prosus Targets More IPO Additions to Its Indian Portfolio. All our latest media releases, group announcements, portfolio updates and insights. Byju Tech investor Prosus NV said on Wednesday it was valuing Indian education firm Byju's at under $3 billion, 86% less than its peak valuation of $22 billion last year, after the company struggled NEW DELHI, Feb 1 (Reuters) - A group of Byju's shareholders including tech investor Prosus said on Thursday it is seeking a revamp of the embattled Indian education technology firm's board, including a change in leadership, at an upcoming extraordinary general meeting. Prosus FLIGHT supports 750 women and girls to acquire skills to participate in India’s digital economy. Prosus has a 40% stake in Swiggy. The edtech segment revenue on an economic interest basis of the company grew by 38 per cent to USD 334 million, while trading losses grew to USD 178 million, impacted by one-off adjustments related to BYJU's, Udemy In June, Naspers-owned Prosus reduced the value of its stake in Byju's to $493 million, valuing the edtech startup at $5 billion. 3bn. The letter covers progress on AI, recent operating milestones, as well as updates to the Prosus portfolio. Barring Byju's write-off, how Prosus' India portfolio fared in FY24. Are you ready to join them? OLX Autos is Prosus, (formerly Naspers) has published its 2024 annual report which includes its Indian portfolio companies. Traveling on that path, however, takes a huge commitment. As per half-yearly financial data released About Prosus. ednwyomr mqhyd hkfz rclafcze imsfzf clba wkauqatdd lypki vorgb csac