In the past three years, investing in startups has faced various challenges and required a rethink of strategy and focus. How has Prosus navigated this in India?
Ervin Tu: India is absolutely one of our focus areas and will remain so. We've invested over $8 billion in the country across several promising ventures, including our recent success with Swiggy. For us, India is the best-performing part of our global investment portfolio. If anything, we aim to replicate this success model worldwide.
What kind of investment do you foresee for India in the years to come?
Ervin: Annually. In 2021, we saw a high-water mark due to the $4.7 billion BillDesk deal in India (although it didn't go through). However, we don't earmark specific amounts for India. Staying flexible allows us to act decisively when large opportunities arise, without the constraints of artificial thresholds.
Did the Ukraine-Russia war affect your deployment strategy?
この記事は Business Standard の December 02, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の December 02, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Jay Shah takes over as ICC chairman
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Nine states bet $18 bn on women's empowerment
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Pollution rises while funds gather dust
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Robust taxes ease burden of freebies on states
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Monetary policy: Hobson's choice before RBI
This policy comes at a time when growth is slowing, inflation is still pretty high, and the rupee has started losing value against the dollar
CONSOLATION PRIZES
UN climate summit in Baku leaves the developing world with crumbs
SFBs: The canter on a chequered terrain
Segmental and geographical expansion, undergirded by strong and increasing presence in semi-urban and rural markets with large untapped potential, will help small finance banks (SFBs) clock robust 25-27 per cent growth in advances this financial year, just shy of 28 per cent in the previous year.
Now boarding
Governance premium is set to go up by many notches and banks will be put through the wringer, reports RAGHU MOHAN
