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Prosus to Boost E-Commerce Profit to $400 Million
Prosus to Boost E-Commerce Profit to $400 Million for 2025 Year
Prosus NV plans to deliver $400 million in adjusted earnings before interest and tax from its e-commerce operations in the year to end-March, and sees this improving in future, Chief Executive Officer Fabricio Bloisi said.
Prosus expects e-commerce profit to jump 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,
Prosus CEO eyes massive e-commerce profits in 2025
Bloisi said that in April-September, the first half of its 2025 fiscal year, Prosus's global e-commerce business generated about three times the adjusted earnings before interest and taxes (EBIT) than it did in the whole of last year, reflecting on his 100 days at the helm of the Dutch-listed company.
Prosus Expects More IPOs From Its India Portfolio
The PE firm’s CEO Fabricio Bloisi said that the company remains excited about the prospects in the country. Bloisi said that the company is now valued around $100 Bn. Prosus has invested more than $7 Bn in Indian startups so far, according to Inc42 and Tracxn data.
Prosus eyes more IPOs in India portfolio
MUMBAI: Even after its failed bet on Byju's, which was once India's most valued startup, Dutch technology investor Prosus remains bullish on the country's market.The company will continue to invest in India and remains excited about the country's prospects,
Prosus targets $400 mn e-commerce profit in 2025, more IPOs in India
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
20m
Prosus to Push AI in E-Commerce as Part of Double Value Plan
Dutch e-commerce investor Prosus NV plans to invest in artificial intelligence across its businesses, Chief Executive Officer ...
10h
on MSN
Prosus CEO reports strong growth in first 100 days, much greater AI integration and an IPO for Swiggy in India
Prosus CEO Fabricio Bloisi's 100-day update reveals accelerated revenue growth and increased profitability, driven by AI ...
18h
Prosus CEO Highlights Growth and Innovation Focus
Prosus (PROSF) has released an update. Prosus, a leading global consumer internet group, marks CEO Fabricio Bloisi’s first 100 days, ...
8h
US Will Push for More Chip Measures, ASML CEO Says at Bloomberg Tech Summit
We own 25% of Tencent, it’s the company with the highest number Internet patents in the world. But we are also investing a ...
Moneyweb
6h
PROSUS NV – Finalisation of Distributions to Shareholders
Further to the announcement on 21 August 2024, holders of ordinary shares N are entitled to a gross payment, in the form of a capital repayment, of 10 euro cents per share, holders of ordinary shares ...
23h
Prosus to Boost E-Commerce Profit to $400 Million for 2025
Prosus NV’s new Chief Executive Officer Fabricio Bloisi said adjusted profit at the company’s e-commerce division is expected ...
News24
4h
Prosus to push AI in e-commerce as part of plan to double value
Dutch e-commerce investor Prosus plans to invest in artificial intelligence across its businesses, Chief Executive Officer ...
6d
'Lawyers Are Pigeonholed, Wrongly So': Prosus GC Says It's High Time for In-House Lawyers' Business Savvy To Be Seen, and Valued
Paul Peake also discusses some of his pet peeves about working with outside counsel. No. 1 on his list: "Law firm coffee is ...
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India
Initial public offering
Swiggy
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