Prosus’ India strategy: Mix of investments & acquisitions
MUMBAI: Dutch technology investor Prosus will use a mix of investments and acquisitions to bolster its play in India, where it is seeking to build a portfolio worth $50 billion in the years to come, Group CEO Fabricio Bloisi, who took over the top job in July last year, said.The firm’s approach will not be like that of a venture capital (VC) investor looking to close a series of deals at a faster clip. The strategy will rather be to build an ecosystem by investing in or acquiring companies within its core sectors, which can potentially open up opportunities for cross-selling among its portfolio firms and unlock faster growth for the broader portfolio.India, where Prosus will be allocating most of its resources alongside Europe and…
