Prosus CEO commits to Indian investments, despite Byju's collapse write-off.
Prosus CEO Fabricio Bloisi revealed that despite a $500M write-off due to Byju's collapse, they are committed to supporting Indian early-to-late stage companies. Prosus sees India as a global priority and plans to invest in AI, online marketplaces, and startups targeting the next 300M users. Their successful Indian portfolio includes Swiggy, Meesho, and Urban Company, with Swiggy preparing for an IPO.
August 12, 2024
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