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Prosus, a Tencent-backed firm, gains $2B from its $1.3B investment in Swiggy, set for an $11.3B IPO.
Prosus, backed by Tencent Holdings, has gained over $2 billion from its $1.3 billion investment in Indian food delivery company Swiggy.
Swiggy is set for an IPO with a valuation of up to $11.3 billion.
Prosus will retain a 25% stake after the IPO and plans to continue investing in sectors like online food, classifieds, payments, and fintech.
The IPO offering was heavily oversubscribed, attracting top global fund managers.
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Prosus, una firma respaldada por Tencent, gana $2B de su inversión de $1.3B en Swiggy, fijada para un IPO de $11.3B.