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Prosus expects as many as five potential IPOs from its Indian portfolio over the next 18 months, indicating growing momentum in the world’s second-largest internet market.
The Dutch investment group on Monday named payments giant PayU, e-commerce startup Meesho, and online jewelry seller Bluestone among startups preparing for an initial public offering.
TechCrunch reported last month that more than 20 Indian startups are looking to go public in 2025. These include Prosus-backed Urban Company, Pharmeasy, and Captain Fresh.
Prosus’ announcement comes after it made $2 billion in food delivery company Swiggy’s IPO last month. Swiggy’s $1.34 billion listing represents the largest technology IPO this year worldwide.
Prosus has also deepened its Indian investments in recent weeks, investing around $180 million across two new deals. The group acquired a 10.65% stake in supply chain finance platform Mintifi for $79.9 million, and also acquired a 7.8% stake in housing finance company Vastu for approximately $100 million.
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