Prosus gains $2 billion on Swiggy investment with IPO valuation

Quick Summary:

Prosus, the largest shareholder in Tencent, is poised to reap significant rewards from its investment in Indian food delivery giant Swiggy.

With an anticipated $500 million gain from Swiggy's upcoming IPO, Prosus showcases its strategic investments beyond Tencent.

The food delivery firm is targeting an initial public offering valuation of up to $11.3 billion.

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Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: IndiaChina

Topics: Tencent Holdings investment Prosus and Naspers stake Swiggy IPO valuation E-commerce investments Indian market IPO Prosus investment Business news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 12:12:10 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23564907

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