'India key in Prosus global rejig, more PE-like bets soon'

Global investor Prosus NV, which has backed Swiggy, Rapido and Urban Company, plans to reorganize its business by focusing on three key regions including India, Fabricio Bloisi, its newly appointed CEO said.

- Rwit Ghosh & Sneha Shah

Prosus, earlier called Naspers, will focus on payments and food startups, Bloisi said in an interview, adding the investor will adopt a private equity-style model of investing in select companies, moving away from the venture capital model of investing in too many.

"India is a very important market for us at Prosus. It is, in fact, our second biggest focus area," said Bloisi, who plans to narrow Prosus's geographical focus to Latin America, Europe and India. "We will invest many more billion dollars in India in the near future," he added. Prosus has so far invested $9 billion in India.