Prosus NV is upbeat on investment opportunities in India and open to investing anywhere between $5 million and $1 billion in Indian ventures, according to Chief Executive Officer Fabricio Bloisi.
The investment group has made investments in numerous Indian startups across sectors, such as food delivery, finance and e-commerce, so far. Swiggy, Meesho, PayU, Urban Company, PharmEasy, BlueStone and Rapido are some of its popular bets.
"We've already invested $9 billion in India and plan to expand further. We have wide flexibility to invest from $5 million cheques to $1 billion. In India, we are looking for the best innovators and entrepreneurs," Bloisi said.
The CEO added that the firm is proud of its portfolio companies Swiggy, PayU and Meesho, which have innovated for India and its requirements. "We are going to create more stories, we are building and helping companies. More unicorn startups, and $10–50 billion valued companies is the opportunity seen here in India," he added.
Prosus is looking to invest in ecosystem-related businesses, which would have high frequency operations, such as delivery and payments. One of its other areas Prosus is interested in is e-commerce and experience.
Bloisi, talking about Prosus' investment in Byju's which it later wrote off, said that Prosus made bold bets in Indian edtech, investing millions during a highly competitive period.
"While the full potential of edtech is yet to be realised and we faced setbacks like Byju's, we've also seen success in other investments. Despite losses, we remain committed to taking risks, knowing that disruption takes time and technology readiness can be unpredictable," he said.
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