Wednesday, 13 November, 2024

Prosus Gains $2 Billion as Swiggy's IPO Boosts Valuation

Prosus has secured a $2 billion gain from its investment in Swiggy following the food delivery company's IPO valuation. The listing has significantly raised Swiggy’s market value, amplifying Prosus’s return on its stake. This gain marks a substantial success for Prosus's investment portfolio, highlighting the strong growth and market potential within India’s competitive food tech sector.