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Meesho’s strong market debut boosts Prosus’ India bets

Hindustan Times Pune

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December 15, 2025

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.

- Sneha Shah

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.

On Wednesday, Meesho’s share price ended the listing day at 2170.45 on the National Stock Exchange, a 53.6% premium to the initial public offering (IPO) price of 2111.

The company shed over 1% of its gains on Thursday, with its market capitalization at 275,942 crore, or $8 billion. With an 11.2% stake in the mass market online retailer, Prosus has struck gold. The firm that enjoys the reputation of having evergreen capital is in no hurry to sell.

Hindustan Times Pune からのその他のストーリー

Hindustan Times Pune

Hindustan Times Pune

CCI to investigate IndiGo over flight disruptions

The Competition Commission of India (CCI) announced on Thursday that it will investigate complaints received regarding IndiGo’s flight disruptions early this month.

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19% of voters in UP face SIR cuts, highest in urban hubs

MAX PERCENTAGE OF DELETIONS LIKELY TO BE SEEN IN GHAZIABAD, LUCKNOW, KANPUR, MEERUT AND AGRA

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Peter Arnett, known for reporting on Vietnam and Gulf wars from the front lines, dies at 91

Peter Arnett, the Pulitzer Prizewinning reporter who spent decades dodging bullets and bombs to bring the world eyewitness accounts of war from the rice paddies of Vietnam to the deserts of Iraq, has died.

time to read

2 mins

December 19, 2025

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ED clears ₹311cr to settle dues of Kingfisher staff

The Enforcement Directorate (ED) on Thursday said it had cleared the release of ₹311 crore of impounded assets that are to be used by the official liquidator of Kingfisher Airlines to pay long-pending dues of employees of the now defunct airline promoted by liquor baron Vijay Mallya.

time to read

2 mins

December 19, 2025

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Female celebs raise concern over Al misuse

The rampant exploitation of AI-generated images on social media has targeted several female celebrities in recent times, and many of them have now come out on Instagram to voice their concerns over the serious matter.

time to read

1 min

December 19, 2025

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A chance for Surya to finish South Africa series on a high

A good knock in the fifth and final T201 will soothe the nerves of team management and the Indian fans

time to read

2 mins

December 19, 2025

Hindustan Times Pune

SIKKIM HC ROW DERAILS JUDGE'S ELEVATION AS CHIEF JUSTICE

The Supreme Court collegium on Thursday recommended new chief justices for five high courts, including Sikkim, where the senior-most judge appears to have lost her chance to head the state judiciary following a controversy over a series of administrative decisions taken against her predecessor within hours of his retirement.

time to read

1 min

December 19, 2025

Hindustan Times Pune

India’s top-performing AI stock faces scrutiny after 55,000% surge

The world’s best-performing stock is turning into a cautionary tale for investors chasing outsized returns from the artificial intelligence boom.

time to read

2 mins

December 19, 2025

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Why India’s tourism sector needs a regulatory rethink

India’s monuments, mountains, beaches, and cuisine make it one of the world’s richest travel destinations.

time to read

4 mins

December 19, 2025

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Securities Markets Code Bill 2025 introduced in Lok Sabha

The Bill seeks to overhaul and unify India’s securities market regulations

time to read

2 mins

December 19, 2025

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