'Early investment in Swiggy paying off', says Prosus

Quick Summary:

Prosus, one of the early backers of Swiggy, sees its investments paying off, and currently expects its other Indian investments to mature to IPO in the next 12-18 months.

The quick commerce business is getting strong traction from investors as Zepto, which has already closed about $1 billion in funding in the last six months, plans to add another round with $100 million from Indian family offices and high-net-worth individuals.

It currently holds a 32% stake in the Sriharsha Majety-led company.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Swiggy Months Paying Shares Quick Selling Privacy Investments Prosus Policy Crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 12:35:56 (4 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23153378

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