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Rapyd acquires PayU for 610 million dollars raises 500 million in funding

Israeli fintech firm Rapyd has acquired European fintech PayU from Prosus for approximately $610 million, following regulatory approval from seven authorities. To finance the deal, Rapyd raised $500 million, resulting in a valuation of around $4.5 billion, down from $10 billion in 2021. With this acquisition, Rapyd will operate in over 100 countries, offering more than 1,200 payment methods and holding financial permits in 41 nations.

Wiom in Advanced Talks to Raise 85 Crore from Accel and Bertelsmann

Wiom, an affordable internet service provider, is in advanced talks to raise Rs 85 crore ($10 million) from Accel and Bertelsmann India Investments, with potential participation from Prosus. This funding round follows a $17 million raise in July 2023 and aims to expand the company's reach, offering unlimited internet for as low as Rs 10.

UBS raises Prosus price target to 69 euros maintaining buy rating

UBS has increased its price target for Prosus from 65 to 69 euros while maintaining a "Buy" rating. Analyst Jo Barnet-Lamb noted encouraging figures from the company's first half of the financial year, highlighting a growing focus on mergers and acquisitions.
13:06 03.12.2024

ubs raises prosus price target to 69 euros maintains buy rating

UBS has increased its price target for Prosus from 65 to 69 euros while maintaining a "buy" rating. Analyst Jo Barnet-Lamb noted encouraging figures from the company's first half of the financial year, highlighting a growing focus on mergers and acquisitions.
12:07 03.12.2024

UBS maintains buy rating for Prosus with target price of 65 euros

UBS has maintained a "Buy" rating for Prosus, setting a target price of 65 euros. Analyst Jo Barnet-Lamb highlighted the company's strong e-commerce profitability and effective balance between execution and disciplined planning following the release of half-year figures.
10:56 02.12.2024

ubs maintains buy rating for prosus with target price of 65 euros

UBS has maintained a 'Buy' rating for Prosus, setting a target price of 65 euros. Analyst Jo Barnet-Lamb highlighted the company's strong e-commerce profitability and praised its effective balance between execution and disciplined planning following the release of half-year figures.
10:43 02.12.2024

ubs maintains buy rating for prosus with target price of 65 euros

UBS has maintained a 'Buy' rating for Prosus, setting a price target of 65 euros. Analyst Jo Barnet-Lamb highlighted the company's strong e-commerce profitability and effective balance between execution and disciplined planning following the release of half-year figures. As of December 2, 2024, Prosus shares are trading at approximately 38.715 euros, reflecting a 0.35% increase.
09:56 02.12.2024

prosus india portfolio shows mixed returns with pharmeasy lagging behind

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.

prosus invests 100 million in vastu housing finance acquiring minority stake

Prosus has invested $100 million in Vastu Housing Finance, acquiring an 8.4% effective stake in the Indian housing finance company. This investment follows a recent growth investment from TA Associates, valuing Vastu at over $1.4 billion, and comes after Vastu secured a $50 million loan from the USDFC.

prosus invests 80 million in indian supply chain financing startup mintifi

Prosus has invested $80 million in Mintifi, acquiring a 10.65% stake in the Indian supply-chain financing startup, which allows distributors to procure inventory and pay later. This investment will be recorded as an equity-accounted associate due to Prosus's significant influence on Mintifi's board. The ongoing funding round has attracted interest from major investors, including Ontario Teachers' Pension Plan and private equity firms like Bain Capital and Advent International.
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