Prosus aims to list fintech firm PayU in 2025 as the Dutch investor looks to shift more focus to India. On Wednesday it described the market as a pillar for its investment business after the stellar listing of food delivery and quick commerce firm Swiggy ...

Tencent Holdings Ltd.’s top backer Prosus NV said it has made more than $2 billion on its Swiggy investment as it continues to highlight the value of its portfolio outside of its stake in the Chinese tech giant.

Prosus is set to hold PayU’s IPO sometime in 2025, after reporting a $2 billion gain from its investment in Swiggy

On the day of its portfolio company Swiggy's IPO, Prosus' CIO Ervin Tu said that the investor had to defer PayU's IPO from 2024 to 2025

The Swiggy IPO is expected to have delivered more than $500 million for Prosus, while its stake in the quick commerce player is valued at over $2 billion.

Swiggy Ltd.’s shares climbed in their Mumbai debut, signaling a vote of confidence for large initial public offerings in India.

According to the company's draft red herring prospectus (DRHP), Prosus invested nearly Rs 9,055 crore ($1.07 billion) in the online food platform and made Rs 26,927 crore ($3.2 billion) in IPO, thus netting a $2.12 billion profit from its investment.

Shares of Indian startup Swiggy surged at its Mumbai debut, driven by strong institutional interest in the food and grocery delivery company.

Swiggy, India’s pioneering on-demand convenience platform backed by Prosus, has today listed on the National and Bombay Stock Exchanges of India (NSE and BSE) valuing the company at $11.3 billion.

Swiggy listed its shares at ₹390 (R82.83) per share during its IPO. The shares debuted at ₹420 on the NSE (National Stock Exchange of India) and ₹412 on the BSE, marking a premium of 7.69% and 5.64% r