Denemek ALTIN - Özgür

Swiggy delivers for Prosus with 23% IRR

Mint Kolkata

|

June 24, 2025

Prosus saw its core headline earnings grow 47% on-year to $7.4 billion, up from $5 billion in the previous fiscal

- Rwit Ghosh

Dutch investment group Prosus' internal rate of return (IRR) for Indian portfolio companies Swiggy and PayU India stood at 23% and 13%, in 2024-25.

Prosus' venture investments ElasticRun, Meesho, and PharmEasy had an IRR of 28%, 20%, and -29%, showed the firm's financial results for the fiscal year. In 2024, Swiggy saw its gross order value (GOV) grow by 29%, while its adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) losses fell to $182 million from $261 million a year ago.

Mint Kolkata'den DAHA FAZLA HİKAYE

Mint Kolkata

Mint Kolkata

With a $35 bn push, Amazon puts e-comm rivals on notice

Funds will support e-commerce, Amazon Web Services, Prime Video, MX Player and devices

time to read

2 mins

December 12, 2025

Mint Kolkata

US bombers join Japanese jets in show of force

The move follows Chinese and Russian drills in the skies and seas around Japan, South Korea

time to read

1 mins

December 12, 2025

Mint Kolkata

The kindness of strangers is one of the great rewards of running

How people often go out of their way to help is worth more than the health benefits that runners seek

time to read

3 mins

December 12, 2025

Mint Kolkata

Mint Kolkata

Jeff Bezos and Elon Musk race to bring data centers to space

Space companies backed by tech billionaires hope to move AI data centers off Earth

time to read

3 mins

December 12, 2025

Mint Kolkata

Volltamp rally now hinges on growth beyond peak margins

Shares of Voltamp Transformers

time to read

1 mins

December 12, 2025

Mint Kolkata

Mint Kolkata

Axis AMC to launch 3rd pvt credit fund

Fund house is looking to scale sharply in private-credit market

time to read

2 mins

December 12, 2025

Mint Kolkata

Novo moves Delhi HC on semaglutide

Danish drugmaker Novo Nordisk has moved Delhi high court's division bench seeking to restrain Dr. Reddy’s Laboratories from domestically manufacturing and exporting semaglutide—the blockbuster weight-loss and diabetes drug—to non-patent countries until its patent expires in March 2026.

time to read

1 min

December 12, 2025

Mint Kolkata

Bar on Prabhudas Lilladher stayed

The Securities Appellate Tribunal (SAT) has stayed an enquiry order issued by the Securities and Exchange Board of India (Sebi) that had barred Prabhudas Lilladher from taking on any new business for seven days over rule breaches.

time to read

1 min

December 12, 2025

Mint Kolkata

Mint Kolkata

HOMEOWNERSHIP 101: KEY COSTS BEYOND EMIs EVERY BUYER SHOULD BUDGET FOR

Owning a house is a dream for many.

time to read

3 mins

December 12, 2025

Mint Kolkata

Don't judge OMCs by their value

Oil marketing companies are likely to post strong earnings in FY26, given softer crude and unchanged retail prices.

time to read

2 mins

December 12, 2025

Listen

Translate

Share

-
+

Change font size