prosus invests 80 million in indian supply chain financing startup mintifi

Prosus has invested $80 million in Mintifi, a supply-chain financing startup in India, acquiring a stake of over 10% in the company. This investment reflects Prosus's interest in the fintech sector, specifically in supply chain finance, which allows distributors to defer payment while procuring inventory.

The investment was finalized in October 2024, with Prosus holding a 10.65% effective interest in Mintifi. Prosus plans to account for this investment as an equity-accounted associate due to its substantial influence on Mintifi's board of directors.

Mintifi's ongoing funding round has attracted interest from 20 investors, including Ontario Teachers' Pension Plan, Bain Capital, and Advent International, as it aims to raise $100 million.

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