Friday, November 8, 2024

Prosus

Swiggy’s IPO could net Prosus $500 Mn; founders set to cash out $36 Mn

Food Tech
Swiggy’s largest investor, Prosus, stands to gain over $500 million from the food and grocery delivery firm's upcoming IPO, as it plans to offload a 5% stake. This͏͏ figure͏͏ is͏͏ based͏͏ on͏͏ Swiggy’s͏͏ projected͏͏ listing͏͏ valuation͏͏...

PayU and Amazon Pay Later join forces to provide instant credit solutions to Indian shoppers

News
Prosus-backed PayU, a leading player in digital payments, has teamed up with Amazon Pay Later to broaden access to digital credit for Indian consumers. As part of this initiative, Amazon Pay Later will be incorporated into PayU’s...

Jewellery brand Bluestone bags INR 900 Cr in pre-IPO funding, valuation hits $970 Mn

Startups
Omnichannel jewellery brand Bluestone has reportedly closed a funding round of INR 900 crore, boosting its valuation to $970 million. According to ET, the pre-IPO...

Prosus CEO Fabricio Bloisi to make first visit to India in August, meeting Swiggy and other key portfolio companies

Leadership
Fabricio Bloisi,͏ the ne͏wly appointed CEO o͏f Dutch technology͏ invest͏or Prosus, is scheduled to make his first visit to Indi͏a in the second week...

Swiggy’s early investors Prosus, Accel, and Elevation Capital set to sell shares ahead of IPO

News
A͏he͏ad of its initial public offering (IPO), f͏oodtech giant Swiggy's early backers are reportedly selling shares,͏ partially͏ diluting͏ ͏their stakes in the company. New Investors...

Flipkart explored quick commerce deal with Swiggy, talks fizzled over valuation

News
About ͏ei͏gh͏t to ten͏͏͏ mon͏ths ago͏, Flipkart explor͏ed a pot͏ential st͏ake p͏urchase in Swiggy ͏as two of Indi͏a’s la͏rge͏st͏ consumer͏ ͏interne͏t fi͏r͏m͏s͏ sought to...

Swiggy sees 24% revenue growth in 2023; quick commerce unit economics improve: Prosus

News
Prosus, the lead͏ing shareh͏older in Swiggy, ͏announced on Monday that Swiggy's revenu͏e increas͏ed by 24% in the calendar year 2023.͏ Swiggy, now in its...

Zomato and Swiggy prioritize order frequency to drive growth amid slow user acquisition

News
A slowdown in user addition over the last few quarters has led online food-delivery platforms Zomato and Swiggy to prioritize increasing the frequency of...

Prosus’ new CEO eyes collaboration opportunities between Swiggy and Delivery Hero

Leadership
Prosus' soon-to-be CEO, Fabricio Bloisi, sees potential for collaboration and synergy between portfolio companies Swiggy and Germany's Delivery Hero. Prosus holds the largest stake in...

Meesho secures $275 Million in first tranche of larger funding round

News
Meesho, the ecommerce platform, has successfully closed a $275 million funding round through a mix of primary and secondary share sales. According to a report...

Swiggy gets green light from shareholders for $1.2 Billion IPO

News
Foodtech giant Swiggy has secured approval from its shareholders for its initial public offering (IPO), as disclosed in regulatory filings. The company intends to...

B2B seafood startup Captain Fresh secures $25M in funding Led by UK Govt-backed BII and Nekkanti Seafoods Group, eyes international expansion

News
B2B seafood startup Captain Fresh has raised $25 million in a funding round led by UK government-backed British International Investment (BII) and Andhra Pradesh-based...

Fidelity slashes Meesho’s valuation again, now at $3.5 Billion – a 29% drop from previous high of $4.9 Billion

News
The US-based asset management company Fidelity has once again lowered the valuation of Meesho on its books, now assessing the e-commerce startup at $3.5...

Prosus likely to have promoter status in Swiggy’s $1 billion IPO

News
Prosus, the largest shareholder in Swiggy, is likely to be designated as a promoter for the upcoming initial public share sale of the online...
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