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?
Denne historien er fra December 02, 2024-utgaven av Business Standard.
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Denne historien er fra December 02, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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