CosmicTaco
CosmicTaco

Prosus Earns $2B from Swiggy Stake Amid IPO

  • Prosus NV has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent.
  • The company will sell shares in the IPO, retaining 25% of Swiggy, similar to its stake in Tencent.
  • Prosus's investment in several Indian companies, including Swiggy, is expected to benefit from the fast-growing Indian market.

Source: Bloomberg

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