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Prosus Eyes 5 Public Listings In India In FY26, Defers PayU IPO
- Global investor Prosus, after Swiggy's IPO success in 2024, plans for 5 more public listings in India this year.
- Prosus CEO Fabricio Bloisi emphasizes India's importance in its investment strategy for tech companies.
- Expecting India to produce the next $100 Bn tech company, Prosus aims to replicate Tencent's success in India.
- Key companies from Prosus' India portfolio looking at public listing include BlueStone, Urban Company, Meesho, Captain Fresh, and PayU India.
- PayU India's IPO plans have been deferred to enhance business, with a focus on profitability after recording losses.
- In FY25, Prosus saw robust returns from its investments, with ElasticRun giving the highest IRR in its India portfolio at 28%.
- Prosus remains focused on ecommerce, fintech, AI, and SaaS sectors in India, backed by a strong pipeline of IPO-ready businesses.
- While Swiggy's IRR stood at 23%, Meesho's was at 20%, and PharmEasy faced a negative IRR of 29% due to financial challenges.
- India is a key part of Prosus' long-term investment strategy, evolving into a multi-stage platform across various sectors in the country.
- Overall, Prosus eyes India as a significant market for tech investments and public listings in the upcoming financial year.
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