JOHANNESBURG (Reuters) – Dutch investor Prosus NV predicts its e-commerce profit will rise to $400 million this fiscal year. CEO Fabricio Bloisi announced that more of its Indian businesses are likely to go public after Swiggy’s IPO.
Prosus, mainly owned by South Africa’s Naspers, is a key investor in Indian food delivery company Swiggy, which is preparing for a significant IPO this year.
During the first half of its 2025 fiscal year (April-September), Prosus’s e-commerce profits were about three times higher than last year’s total. The expected $400 million profit for fiscal year 2025 surpasses last year’s $38 million trading profit, which followed a $413 million loss.
Bloisi expressed confidence that the growth will continue, emphasizing the need for the e-commerce unit to contribute more to the company’s profitability.
In India, following Swiggy’s IPO filing for $1.25 billion, Bloisi anticipates more listings in the next 12 to 18 months and remains committed to investing in Indian markets, which include companies like PayU, Meesho, Urban Company, Pharmeasy, and BYJU’S.
With a valuation of around $100 billion, Bloisi aims to double the company’s value by building and investing in fast-growing businesses.
(Reporting by Nqobile Dludla; Editing by Susan Fenton)
