Prosus does not reveal its cards on Swiggy stake

Technology investor Prosus in a post-earnings call on Monday, declined to reveal whether it plans to sell a part of its 32.6% stake in food tech unicorn Swiggy’s $1.2-billion initial public offering (IPO).

“Swiggy is an important part of our portfolio and we are a big believer in Swiggy. We can’t comment on if we are going to sell in the IPO or not. We really like the business and we hope we can help the business’ performance,” a senior executive of Prosus said.