Prosus targets $400 mn e-commerce profit in 2025, more IPOs in India

Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to surge to $400 million this fiscal year and expects more of its Indian businesses to list following Swiggy’s IPO, Chief Executive Fabricio Bloisi said on Monday.

Prosus, majority-owned by South Africa’s Naspers, is a major shareholder in Indian food delivery firm Swiggy, which is preparing for what could be one of India’s biggest IPOs this year.