Prosus ramps up India investments, beats e-comm guidance for FY25

The company also expects to beat its EBIT guidance for e-commerce, hoping for revenues north of $435 million in FY25. 
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Dado Ruvic

Dutch investment group Prosus has reaffirmed its confidence in India as a key growth market with strong returns, according to a statement from CEO Fabricio Bloisi. The firm has already invested $8.5 billion in Indian companies including Swigyy, Pharmeasy, Urban Company and Meesho, among others.

In a letter, Bloisi highlighted the recent public listing of food delivery platform Swiggy in late 2024 as a major milestone.

This comes after Prosus booked profits of $2 billion on its investments in Swiggy’s IPO and generated gross proceeds of approximately $500 million in an offer for sale . Post IPO, Prosus holds about a 25 per cent stake in Swiggy on a fully diluted basis.

Prosus is also backing the rapid rise of mobility start-up Rapido, which is currently clocking over 3 million rides per day and growing at more than 100 per cent year-on-year.

The company also expects to beat its EBIT guidance for e-commerce, hoping for revenues north of $435 million in FY25. This will be a significant swing from its EBIT of $38 million in the previous fiscal.

Mixed Returns

Last year, the company posted an internal rate of return (IRR) of -38 per cent, in its H1FY25 disclosures in December. Among its investments, B2B e-commerce platform ElasticRun delivered the highest IRR at 23 per cent, while Edtech company Eruditus recorded a IRR of 14 per cent, one of the lowest among the portfolio. It had also wrote off a 9.6 per cent stake in Byju’s worth $493 million due to value decrease.

Report by BL Intern Rohan Das

Published on May 8, 2025