Prosus flags $8.6 million India exposure
[ad_1] BENGALURU: Prosus has invested over $8.6 billion in India, making the country one of its most significant growth bets, CEO Fabricio Bloisi said in a letter to shareholders on Thursday.The update follows Swiggy’s IPO in late 2024 and a recent investment in ride-hailing platform Rapido, which Bloisi said is growing over 100% year-on-year and facilitating more than 3 million rides per day.“India presents Prosus with incredible opportunity,” Bloisi wrote, noting the region’s role in the group’s ambition to build the leading lifestyle ecommerce ecosystem across India, Europe, and Latin America.Prosus’ ecommerce segment outperformed internal expectations in the financial year ended March 2025, with adjusted EBIT (aEBIT) surpassing $435 million – above the $400 million target set earlier. The company is now aiming to deliver a similar level of incremental profitability in FY26.Key portfolio companies delivered strong results. OLX, one […]