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flag Prosus, a Tencent-backed firm, gains $2B from its $1.3B investment in Swiggy, set for an $11.3B IPO.

flag Prosus, backed by Tencent Holdings, has gained over $2 billion from its $1.3 billion investment in Indian food delivery company Swiggy. flag Swiggy is set for an IPO with a valuation of up to $11.3 billion. flag Prosus will retain a 25% stake after the IPO and plans to continue investing in sectors like online food, classifieds, payments, and fintech. flag The IPO offering was heavily oversubscribed, attracting top global fund managers.

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