Prosus anticipates as many as five potential IPOs from its Indian portfolio over the next 18 months, signalling growing momentum in the world’s second-largest internet market.
The Dutch technology investment group on Monday named payments giant PayU, e-commerce startup Meesho and online jewelry seller Bluestone among startups preparing for public listings.
TechCrunch reported last month that more than 20 Indian startups are looking to go public in 2025. It includes Pharmeasy and Captain Fresh, another two portfolio startups of Prosus.
Prosus’ announcement comes after climbing to $2 billion in profits in food delivery firm Swiggy last month. Swiggy’s listing marked this year’s largest global technology IPO at $1.34 billion.
Prosus has also deepened its Indian investments in recent weeks, investing about $180 million across two new deals. The group acquired a 10.65% stake in supply chain financing platform Mintifi for $79.9 million, and also took a 7.8% position in housing finance company Vastu for approximately $100 million.