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PharmEasy continues to negatively impact Prosus’ India portfolio with an internal rate of return (IRR) of -38% in H1FY25, an improvement from -44% the previous year. In contrast, ElasticRun led with a 23% IRR, while Swiggy, PayU, and Meesho each reported 20-21%. Eruditus, despite a lower IRR of 14%, remains the only positive performer in the edtech sector for Prosus.
Tiger Global is intensifying its investments in Indian startups after an 18-month hiatus, engaging more closely with portfolio companies like Captain Fresh and Infra.Market. Key fund managers are now spending significant time in India, fostering deeper relationships and proactive data sharing with founders, marking a shift from their previous hands-off approach.
Meesho reported a 33% revenue increase to Rs 7,615 crore in FY24, significantly outpacing industry growth rates. The company's adjusted loss fell 97% to Rs 53 crore, attributed to improved efficiencies in logistics and the use of Generative AI and Machine Learning. With over $1 billion raised from investors, Meesho is valued at $4.9 billion.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
prosus india portfolio shows mixed returns with pharmeasy lagging behind
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01:43 31.10.2024
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