After Swiggy, Prosus eyes more India IPOs; invests in Mintifi, Vastu Finance
Prosus, the Dutch-listed technology investment arm of Naspers, is gearing up for a ramp-up in its India IPO pipeline, highlighting five potential IPOs over the next 18 months. E-commerce firm Meesho, omnichannel jewellery retailer Bluestone, and fintech company PayU India are among the firms lining up for public offerings.
Prosus CEO Fabricio Bloisi did not elaborate on the IPO timelines during a call with reporters on Monday.
The company also disclosed that it had acquired an 11% stake in supply chain finance firm Mintifi for approximately $80 million. Additionally, it invested $100 million in housing finance company Vastu Finance, securing an 8.4% stake.
«In October 2024, the group acquired a 10.65% effective interest in Mintifi Private Limited (Mintifi) for approximately $79.9 million. Mintifi is a leading supply chain finance fintech in India,» Prosus said in a regulatory filing.
These two new deals follow its investment in Bluestone as part of a Rs 900-crore funding round, which was first reported by ET.
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