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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Jay Shah takes over as ICC chairman
Indian cricket administrator Jay Shah on Sunday took charge as the chairman of the International Cricket Council (ICC) with an immediate goal of ending the impasse surrounding the Champions Trophy and a broader vision of making cricket a commercially viable Olympic sport.
Nine states bet $18 bn on women's empowerment
Nine Indian states with ongoing or proposed cash transfer schemes for women have collectively allocated $18 billion in their 2024-25 Budget Estimates, amounting to 0.5 per cent of India's gross domestic product (GDP) for the same financial year, according to research by Goldman Sachs.
Every couple should have at least three kids, says RSS chief
Expressing concern over declining population growth, RSS chief Mohan Bhagwat on Sunday said India's Total Fertility Rate (TFR), the average number of children a woman gives birth to in her lifetime, should be at least 3, well above the present one of 2.1.
Painkillers, anti-infective drugs fail quality tests most in 2024: CDSCO
Painkillers, anti-infectives and medications for type-2 diabetes were among the class of drugs flagged as not of standard quality (NSQ) and spurious the most in 2024, according to data collated from drug alerts issued by the Central Drug Standards Control Organisation (CDSCO).
Pollution rises while funds gather dust
The National Clean Air Programme (NCAP), launched in 2019 to improve air quality in 131 cities, has shown limited progress as rising pollution levels and underutilisation of funds raise concerns about its effectiveness.
Robust taxes ease burden of freebies on states
The evolving dynamics of state-level politics in India highlight the increasing prominence of welfare schemes and subsidies as decisive factors in elections.
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
