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 investment group on Monday named payments giant PayU, e-commerce startup Meesho, and online jewelry seller Bluestone among the startups that are preparing for an IPO.
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 raked in $2 billion in profits from food delivery firm Swiggy’s IPO last month. Swiggy’s $1.34 billion listing marked this year’s largest technology IPO across the world.
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.
