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PROSUS STAKE SALE
Lenskart block deal; Meesho's kirana pushLenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5.- Prosus buys 10% of Ixigo parent for Rs 1,296 crore; in talks to acquire additional stake from early investorsIxigo's parent company, Le Travenues Technology, is selling a 10% stake to Prosus for Rs 1,295 crore. The deal involves selling over 4.62 c...
- Rapido looks to close $550 million in financing as Swiggy ends rideOn Tuesday, Swiggy informed the stock exchanges that it is offloading its 11.8% holding in Rapido to Prosus and WestBridge Capital for abou...
- Rapido stake sale temporary solution for Swiggy cash burn, says JM FinancialSwiggy plans to sell its stake in Rapido to Prosus and WestBridge Capital. The sale aims to address Swiggy's balance sheet concerns. JM Fin...
- Urban Company’s stellar listing gives big paper gains to early investorsUrban Company’s founders Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra, who sold Rs 780 crore worth of shares through secondary dea...
- Dutch investor Prosus pegs IPO-bound Urban Company’s fair value at $2.4 billionProsus has valued Urban Company at $2.4 billion in its FY25 report, ahead of the startup’s Rs 1,900 crore IPO. Other Prosus-backed firms, i...
- Qcomm expands; Black Friday sales growHappy Tuesday! Flipkart and Swiggy up the quick commerce ante. This and more in today’s ETtech Morning Dispatch.
- Early investors clock big gains as Swiggy makes Dalal Street debutWhile existing shareholders sold stocks worth Rs 6,400 crore in the offer-for-sale (OFS) to book a big profit on their investments, the 17%...
- Prosus gains $2 billion on Swiggy investment with IPO valuationProsus NV, Tencent's top investor, has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond T...
- Swiggy IPO: Prosus may pocket $500 million; founders snag $36 million via secondariesSwiggy's largest investor, Prosus, plans to offload a 5% stake in the company's upcoming IPO, potentially realizing over $500 million. Othe...
- Bluestone bags Rs 900cr in pre-IPO round, to file draft papers this yearJewellery retailer Bluestone has completed a Rs 900-crore financing round, increasing its valuation to $970 million. The Accel-backed firm ...
- ETtech Exclusive | Closing new deals in India despite Byju's debacle: Prosus CEO Fabricio BloisiFabricio Bloisi, CEO of Prosus and Naspers, affirmed continued investment in Indian startups despite a $500 million loss from Byju's. Highl...
- Flipkart explored a deal with Swiggy for a pie of quick commerceEight to ten months ago, discussions about a potential investment by Flipkart in Swiggy, two of India's biggest internet companies in the c...
- HSBC estimates Prosus stake in ecommerce unicorn Elastic Run at $200 millionHSBC, in a research note dated May 21, nearly halved the valuation estimate for B2B company Elastic Run, pushing its valuation below the $1...
- Prosus may have promoter tag in Swiggy’s $1 billion IPOWhile Swiggy prepares to file its IPO papers, New Delhi-based wearables and audio accessory brand Boat is likely to reconsider its plan to ...
- Prosus cuts Byju's valuation to under $3 billion; PayU India, Swiggy H1 financialsTechnology investor Prosus has slashed Byju’s valuation to below $3 billion from its peak of $22 billion. This and more in today’s ETtech T...
- Tech investor Prosus flags sharp drop in full-year profitThe company said earnings from consolidated businesses in the second half of the year had been stronger than in the first six months, and t...
- Prosus reports strong growth in Swiggy, Instamart, PayU in 2022The figures for Swiggy are from January to June, while PayU’s are from April to September; Prosus has also changed its accounting policy fo...
- Just Eat Takeaway soars on $1.8 billion iFood stake sale to ProsusProsus will pay 1.5 billion euros in cash and up to 300 million euros more for Takeaway's 33% stake in iFood.
- Prosus to sell 2% stake in Tencent worth $15 billionProsus, majority-owned by Naspers of South Africa, said the sale would lower its stake in Tencent to 28.9% from 30.9%.
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