Facebook Pixel Meesho IPO boosts Prosus's India bets | Mint Mumbai – newspaper – Lesen Sie diese Geschichte auf Magzter.com

Versuchen GOLD - Frei

Meesho IPO boosts Prosus's India bets

Mint Mumbai

|

December 15, 2025

Co follows a long-term approach, preferring not to sell its stakes

- Sneha Shah

Meesho IPO boosts Prosus's India bets

Prosus backed Meesho for its social commerce potential, and its strong IPO now validates the strategy, says Ashutosh Sharma, head of India Ecosystem.

The Netherlands-headquartered Prosus’ India thesis is paying off in quick succession, and the global consumer-internet investor is now gearing up to deploy more patient capital across consumer internet, artificial intelligence (AI) and fintech, senior executives told Mint.

The clearest proof point is Meesho—where Prosus is among the largest institutional backers—as the company’s strong market debut at an over 53% premium has sharply boosted the value of its investment and strengthened its confidence in India as a long-term growth market.

WEITERE GESCHICHTEN VON Mint Mumbai

Mint Mumbai

Mint Mumbai

Focus on energy stockpile as OMCs eye new sources

PSU refiners have 25 days worth of oil stocks, and another 25 days of fuel stocks

time to read

3 mins

March 04, 2026

Mint Mumbai

Mint Mumbai

India notifies standards for cloud, data centre, ethical AI

The governance model is derived from internationally accepted ISO and IEC frameworks

time to read

2 mins

March 04, 2026

Mint Mumbai

Mint Mumbai

Sebi overlap rules likely to push MFs to passive funds

Asset management companies (AMCs) may double down and innovate more on passive products following the revision of mutual fund categorization norms, offering investors a wider choice of investment options.

time to read

2 mins

March 04, 2026

Mint Mumbai

Mint Mumbai

Gas regulator preps new storage plan as war blocks supplies

India's energy regulator is moving to plug a widening hole in the country’s gas supply chain as the conflict in West Asia threatens supplies of natural gas that is vital to power, fertiliser and city gas distribution networks.

time to read

3 mins

March 04, 2026

Mint Mumbai

Mint Mumbai

Thirty years on, Pokémon is still a monster hit

The monsters are everywhere.

time to read

3 mins

March 04, 2026

Mint Mumbai

Mint Mumbai

Accenture wins Estée Lauder biz in $100 million dent for Wipro

Wipro Ltd faces an annual dent up to $100 million, as American cosmetics brand Estée Lauder has shifted the Bengaluru tech services company’s share of work in a half-billion dollar, five-year deal to Accenture Plc.

time to read

3 mins

March 04, 2026

Mint Mumbai

Mint Mumbai

Can bulls hold Nifty above 24,600 this time?

Stock market bulls have strenuously defended the Nifty's 24,600 level four times since July, raising hopes that it will hold even as the current storm passes.

time to read

3 mins

March 04, 2026

Mint Mumbai

Expats worried as conflict shatters Gulf’s safe image

In 2016, Pranav Doshi, then an executive with the Canadian consulate, decided to move 2,000 kilometres away from their home in Mumbai.

time to read

4 mins

March 04, 2026

Mint Mumbai

Mint Mumbai

This year’s PF payout is good news for workers

The Employees’ Provident Fund Organisation has held its interest rate unchanged at 8.25% despite policy rate cuts over the year by the Reserve Bank of India. And for good reason too

time to read

2 mins

March 04, 2026

Mint Mumbai

Mint Mumbai

AI developers should shrug off intellectual property leakages

Anthropic’s complaint against three Chinese labs illustrates why

time to read

3 mins

March 04, 2026

Listen

Translate

Share

-
+

Change font size