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.

November 13, 2024
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