According to the CEO, Prosus is betting to create a company of $ 100 billion

On Monday, October 21, 2024, Fabricio Bloisi, Chief Executive Director of Prosus NV.

Jose Sament Matos | Bloomberg | Gets the image

In the coming years, India will produce a $ 100 billion technology company, Prosus CEO said on Monday because the firm became the country for the next Great Victory in Investments.

ProseThe majority of the Naspers South African company is one of the largest technological investors in the world.

The company hopes she can repeat the success he saw by returning to Chinese social media and giants Favorable. Mother’s Prosus Naspers acquired almost 50%, which ranks TENCENT in 2001 for about $ 32 million. This early Tencene shares now costs billions of dollars, and the WeChat operator worth almost $ 600 billion as of Monday.

“Companies there (in India) are still small, our investments are about $ 10 billion, as in China 14 years ago,” said the CNBC CEO of Prosus Fabricio Bloisi.

“What training? We believe that it will not be $ 20 billion, but $ 100 billion, perhaps (a) a half a trillion in India. So, we do not invest to sell next month.”

Prosus has invested in some high -profile technology firms in India, including Payu Payments and E -Commerce Meesho. Prosus also belongs to a little less than 25% firm for food delivery Noisy. who became public in November.

Bloons said the investment list in India Prosus is a key part of its strategy. He added that he expects five Indian companies in which Prosus is invested to hold the original audience this year.

“I think it’s very good for India because we have local markets that invest in local companies. It was critical to us, it was critical for China.

Prosus is also focused on great investment in Europe and Latin America.

The company’s playbook revolves around the idea of ​​the environmental ecosystems, which TENCENT has managed to perform in China. Tencent manages the biggest application for messaging in China called WeChat, which combines features such as payments, and the opportunity to greet a taxi or order food.

“We believe that we have ecosystems, as in China in the US, such as Microsoft, Uber, Google or Meta. They have no one product. They have one product that allows you to cross the sale and technology that is divided between many other neighbors. This is what we do,” said Balsei.

In Latin America, Prosus has rates in the Brazilian IFOOD delivery firm, Internet -tourist Despegar and Olx Brasil Internet.

Blasis said that delivery and payments of food are the basis of their investments, and areas such as e -commerce and experience such as travel.

“This is the ecosystem we believe. We have learned that from China we are doing this in Latin America, very successfully,” Balii said.

Meanwhile prosus this year made an offer acquire a European giant food Just eat takeaway.com The agreement on at all undoubted cost of about 4.1 billion euros (4.7 billion dollars).

Bloysis said Monday Prosus officially launched a case to search for a European Commission permission to approve the transaction. Prosus CEO said it was “optimistic” that European regulators will “quickly approve it”.

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