Prosus’ India Strategy: Mix of Investments & Acquisitions
Prosus, the Dutch technology investor, intends to significantly broaden its Indian portfolio to $50 billion with strategic investments and acquisitions. CEO Fabricio Bloisi highlights constructing an ecosystem within core industries like food distribution, settlements, and AI, fostering harmony amongst profile companies.
Prosus’ Approach in India
MUMBAI: Dutch technology capitalist Prosus will use a mix of investments and acquisitions to strengthen its presence in India, aiming to build a portfolio worth $50 billion in the coming years. CEO Fabricio Bloisi, who assumed the top position in July last year, emphasized that the company’s strategy differs from traditional venture capital investors, focusing on creating an ecosystem within its core sectors.
Prosus plans to invest billions in India in the upcoming years, aiming to foster synergies among its portfolio companies and drive rapid growth across its entire portfolio. Bloisi stated that India, along with Europe and Latin America, will be a key market for Prosus, offering substantial growth opportunities.
Focus on Core Industries
Prosus has already invested $8.6 billion in India and supported various startups such as Meesho, Swiggy, Urban Company, and Rapido. While acknowledging past challenges like the failed investment in Byju’s, Bloisi remains optimistic about the Indian market’s potential for future growth.
The company’s core focus areas include food distribution, payments, e-commerce, experience-based services, and AI. Bloisi highlighted the importance of leveraging AI to enhance services, improve efficiency, and cater to evolving customer needs.
Future Growth and Opportunities
Prosus remains open to exploring opportunities in emerging sectors like clean tech and EV while continuing its emphasis on AI-driven solutions. Bloisi emphasized the significance of investments in companies utilizing AI to enhance their offerings and provide value-added services to customers.
Looking ahead, Prosus anticipates several companies from its India portfolio to go public this year, reflecting its commitment to long-term growth and sustainability.
