Prøve GULL - Gratis

Prosus may turn to AI to shape businesses

Business Standard

|

March 03, 2025

South African-owned and Amsterdam-headquartered investment firm Prosus is looking to build an ecosystem based on artificial intelligence (AI) that can bring together businesses with synergy, enhancing their efficiency and value.

- SURAJEET DAS GUPTA

David Tudor, group general counsel and part of the management leadership team of Naspers/Prosus, said: "We are building an ecosystem based on AI that can bring together businesses with synergy — such as food delivery, payments, and online travel agencies. You see this emerging with our food portfolio in Brazil with iFood and online travel agency Despegar. It is at an early stage in India, but we aspire to leverage AI similarly in what is one of our top three global markets."

In India, Prosus has investments in Swiggy and owns payment technology (tech) company PayU, Rapido, a ride-hailing aggregator, and ecommerce platform Meesho, which analysts say could be built into a synergetic ecosystem based on AI.

Tudor, however, cautions that many companies are using "the badge of AI" to attract investment or valuations, calling it a "very dangerous" trend.

FLERE HISTORIER FRA Business Standard

Business Standard

Anthropic's India revenue up 2x in last 6 mths: Ghose

Anthropic's revenue run rate in India has doubled in the last six months and the country is the second-largest user for Claude.ai globally, the company's India head Irina Ghose said.

time to read

2 mins

February 17, 2026

Business Standard

Govt to push beekeepers' income

The Rajasthan government is set to promote beekeeping to double farmers’ incomes and make the state a hub for honey production, state Agriculture Minister Kirori Lal Meena said.

time to read

1 mins

February 17, 2026

Business Standard

Tech sovereignty goes beyond just data, says IBM India head

Sandip Patel, managing director (MD), IBM India and South Asia Region, believes that sovereignty today goes beyond just data sovereignty, and encompasses who operates and controls the technology environment, where do artificial intelligence (AI) models and inferences happen.

time to read

1 mins

February 17, 2026

Business Standard

Govt seeks views on exempting 350 medical devices from GTE norms

The Department of Pharmaceuticals (DoP) has sought stakeholder comments from the medical device industry over amendments to the list of medical devices exempted from restrictions related to floating of Global Tender Enquiry (GTE) by public procurement agencies.

time to read

1 mins

February 17, 2026

Business Standard

Unreasonable priorities

US wants Europe to help turn back the clock

time to read

2 mins

February 17, 2026

Business Standard

Sanofi scales up Hyd hub, cements India's role in global pharma GCC play

Sanofi hassignificantly expanded its Global Capability Centre (GCC) in Hyderabad, increasing thescaleand scope of its India operations and reinforcing the city’s position in the global pharmaceutical services and innovation landscape.

time to read

1 min

February 17, 2026

Business Standard

India-EU deal: From promise to reality

The announcement of a free trade agreement (FTA) between India and the European Union (EU) is a major turning point — not so much for its immediate gains, but for what it signals about India’s economic strategy.

time to read

3 mins

February 17, 2026

Business Standard

State logs FDI proposals worth ₹20,300 crore

Making strong pitch for global investors, Uttar Pradesh has received investment proposals worth more than ₹20,300 crore under the Foreign Direct Investment (FDI) and Foreign Capital Investment (FCI) route.

time to read

1 mins

February 17, 2026

Business Standard

L&T arm to sell 1,400 Mw Nabha power plant to Torrent for %3.7K cr

Infrastructure major L&T’s wholly-owned subsidiary L&T Power Development has agreed to sell 100 per cent stake in Nabha Power Ltd (NPL) to Torrent Power for ₹3,660 crore, the company has announced.

time to read

1 mins

February 17, 2026

Business Standard

Tarique Rahman to take oath as Bangladesh PM today

In a break from tradition, swearing-in event to be held at South Plaza of Parliament complex, instead of Bangabhaban

time to read

1 mins

February 17, 2026

Listen

Translate

Share

-
+

Change font size