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Prosus' potential India IPOs: Meesho, BlueStone, PayU and Urban Company

Prosus' potential India IPOs: Meesho, BlueStone, PayU and Urban Company


Published on 2024-12-02 06:01:16 - Bill Williamson, WOPRAI
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  • Prosus is also looking at Captain Fresh, Mintifi, Vastu Housing Finance, Mensa Brands and Eruditus as future IPO candidates to capitalise on India's startup ecosystem

The article from Moneycontrol discusses Prosus, a global consumer internet group and one of the largest technology investors in the world, highlighting its investments in several Indian startups that are potential candidates for initial public offerings (IPOs). Key companies mentioned include Meesho, an e-commerce platform; Bluestone, an online jewelry retailer; PayU, a fintech firm; and Urban Company, which provides home services. Prosus has been actively involved in nurturing these startups, with significant investments aimed at scaling their operations. The article notes that while there is no confirmed timeline for these IPOs, the market conditions and the growth trajectory of these companies suggest that they could go public in the near future. This move would not only provide an exit strategy for investors like Prosus but also inject more capital into these startups for further expansion.

Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/startup/prosus-potential-india-ipos-meesho-bluestone-payu-and-urban-company-12881136.html ]
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