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Fabricio Bloisi, chief executive officer of Prosus NV, during an interview in London, in the United Kingdom, Monday October 21, 2024. Bloisi took the reins of South Africa Naspers Ltd. And of his Arm Investment Prosus NV in July with a plan to double the value of the 110 -year -old group in the next four years.
Jose Sarmento Matos | Bloomberg | Getty images
India will produce a technological company of $ 100 billion in the coming years, the CEO of Prosus said on Monday, while the company bets on the country for its next major investment victory.
ProsusWho is the majority owned by the South African company Naspers, is one of the largest technological investors in the world.
The company hopes to be able to reproduce the success it has seen with its return to Chinese social media and the giant of the game Tence. The parent company of Prosus, Naspers, bought an outfit of almost 50% in Tencent in 2001 for around $ 32 million. This first participation in Tencent is now worth billions of dollars, the operator WeChat worth almost $ 600 billion on Monday.
“Companies there [in India] Are still small, our investment has about $ 10 billion, as it was in China 14 years ago, “CNBC CEO, CEO, Fabricio Bloisi told CNBC.
“What is learning? We think it will not be a company of $ 20 billion, but a company of $ 100 billion, perhaps [a] Half a business of billions of dollars in India. So we do not invest in it to sell next month. “”
Prosus has invested in some of the most buzzing technological companies in India, in particular Payu payment services and the Meesho electronic commerce company. Prosus also holds just under 25% of the food delivery company Swiggy,, who became a public in November.
Bloisi said that investments in India in prosus registering is a key element in its strategy. He added that he expects five Indian companies in which proceedings are invested to make a first public offer this year.
“I think it’s very good for India, because we have local markets here investing in local businesses. This was essential for us, it was essential for China. I think that if India can invest greater local markets in technology, it will be incredible for India,” said Bloisi.
Prosus has also targeted with big investments in Europe and Latin America.
The company’s game book revolves around the idea of ecosystems surrounding the services, which Tencent managed to perform in China. Tencent manages the largest Chinese messaging application called WeChat, which incorporates features such as payments and haller capacity of taxis or ordering food.
“We believe that we have ecosystems, just as we have it in China in the United States, like Microsoft or Uber or Google or Meta. This is not a single product. They have a product that allows cross-selling and shared technology between many other contiguities. This is what we do,” said Bloisi.
In Latin America, Prosus has challenges in the Brazilian Ifood food delivery firm, the online travel company Depegar and the Olx Brasil online market.
Bloisi said that food delivery and payments are the basis of their investments, followed by areas such as electronic commerce and experiences such as travel.
“This is the kind of ecosystem that we believe. We have learned that from China, we are doing it in Latin America at the moment, very, with great success,” said Bloisi.
In the meantime, the proceedings this year Make a proposal To acquire a European food delivery giant Just eat to take away.com In an agreement in any case worth 4.1 billion euros ($ 4.7 billion).
Bloisi said the proceedings have officially started procedures to request authorization from the European Commission to approve the agreement. The CEO of the prosus said it was “optimistic” that European regulators “would quickly approve of it”.
