'India essential for us...want to build a $50-bn company here'

Global technology investor Prosus, which has backed Indian startups such as Swiggy, PayU, Meesho, and Byju's, is doubling down on its commitment to the country even as other major global funds recalibrate their exposure.

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Fabricio Bloisi, CEO, in an interview with Anees Hussain & Ayanti Bera, outlines why India remains a strategic priority, how artificial intelligence is central to its next wave of bets, and why setbacks like Byju's haven't dulled its appetite for bold, long-term investments. Excerpts:

Why is India such a critical market for Prosus? How aggressive will your expansion be?

India isn't just another stop for us, it's essential. We have already invested $9 billion here, and we are planning to invest several billion more. We see India as a market where we can replicate the kind of ecosystem we have built in Latin America and Europe. Currently, we are invested in 35 companies in India, and we expect to add at least 10 to 15 more. With around $12 billion in net cash, we have the flexibility to do deals ranging from $10 million to a few billion dollars.

You have said India can create a $50-billion company. What drives that belief?