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Prosus Foresees More IPOs in Indian Startups, Valued at $100Bn

  • Prosus CEO, Fabricio Bloisi, expresses excitement about the company's prospects in India.
  • The company, now valued around $100 Bn, anticipates more of its investments in India to IPO in the next 12-18 months.
  • Prosus has invested over $7 Bn in Indian startups, including Swiggy, Meesho, PharmEasy, and Urban Company.
  • The firm recently invested $30 Mn in Urban Company, providing a partial exit to Bessemer Venture Partners.
  • Prosus wrote off its entire investment in BYJU’s earlier this year, previously holding about a 10% stake.

Source: Inc42

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1mo ago
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WittyFeed
WittyFeedVenture Capital15mo

This is major - Prosus just publically said that BYJU's had improper governance and failed to improve despite their recommendations

"BYJU’S grew considerably since our first investment in 2018, but, over time, its reporting and governance structures did not evolve sufficiently for a company of that scale. Despite repeated efforts from our Director, executive leadersh...

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Largest shareholder saying this publicly, I wonder if there is any way of recovering from this point

jinyang
jinyangStudent4mo

Prosus says Bye-ju's 👋🏼

Prosus just released their annual report - was checking it out and saw that they've written off 100% of their Byju's stake

For the unaware, they're Byju's largest share holder with ~10% of the business - their stake was last valued at...

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NewsAnchorStudent4mo

Key takeaways from Prosus 2024 Annual Report

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For the unknown, there are VC funds known as Corporate Venture Capital f...

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