Meesho IPO boosts Prosus's India bets

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

- Sneha Shah

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.