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Meesho’s strong market debut boosts Prosus’ India bets

Hindustan Times Ranchi

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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.

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'BENGAL JOB SCHEME TO BE NAMED AFTER MAHATMA': CM

West Bengal chief minister Mamata Banerjee on Thursday said that her government would rename its job guarantee programme after Mahatma Gandhi, in an announcement coming ona day the Lok Sabha passed a bill that seeks to replace the two-decadeold Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA.)

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LAWYER TOLD TRUMP LEGALITY OF THIRD TERM IS UNCLEAR: REPORT

Retired Harvard Law professor Alan Dershowitz told President Donald Trump the U.S. Constitution was not clear about whether he could serve a third term, the Wall Street Journal reported on Wednesday.

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Hindustan Times Ranchi

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Adani Group’s internal project manager to raise $1 billion

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In Bondi attack, echoes of age-old anti-Semitism

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Need urgent roll-out of UPI market-share caps

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From growing a beard to going AWOL online, how Gaurav prepped for Dhurandhar

He is known for his comic timing and viral characters like Chutki and Shopkeeper, but actor Gaurav Gera surprised the audience with his intense turn in Aditya Dhar's directorial Dhurandhar.

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