Tech investor Prosus bets on India to produce a $100 billion company
Written by Emily J. Thompson, Senior Investment Analyst
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Source: Newsfilter
Prosus Investment in India: Prosus, majority-owned by Naspers, is betting on India's tech sector, predicting the emergence of a $100 billion company and aiming to replicate its success with Tencent in China. The firm has invested around $10 billion in various Indian tech firms, including PayU and Meesho.
Strategic Ecosystem Development: Prosus CEO Fabricio Bloisi emphasizes the importance of local markets investing in tech companies for India's growth, similar to trends seen in the U.S. and China. The company is also pursuing significant investments in Europe and Latin America, focusing on building ecosystems around services like food delivery and payments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
