After lip-smacking Swiggy IPO, Prosus prepares for its next hit
Live MintA few months back, Prosus, one of the world’s largest technology investors, faced a debilitating condition in India. “We invested around $1.3 billion in Swiggy across rounds," Ashutosh Sharma, head of growth investments, India and Asia, Prosus, said, calling it the investor’s largest cheque in the country till date. Successes and duds When Prosus wasn’t around, its parent Naspers made some cool investments with successes in India including Flipkart and MakeMyTrip. The amount is significant considering that overall venture capital funding in India totalled just $1.1 billion last year, data from Venture Intelligence, a data platform that aggregates private equity and venture capital deals, showed. The amount is significant considering that overall venture capital funding in India totalled just $1.1 billion last year.
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Early investors cheer Swiggy’s listing pop, but analysts are mixed on the stock
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