Prosus expects up to five potential IPOs from its Indian portfolio over the next 18 months, indicating growing momentum in the world's second-largest internet market.
A Dutch investment group on Monday named payments giant PayU, e-commerce startup Meesho and online jewelry seller Bluestone among the startups preparing for an IPO.
TechCrunch reported last month that more than 20 Indian startups are aiming to go public in 2025. These include Prosus-backed Urban Company, Pharmagy and Captain Fresh.
Prosus' announcement comes after food delivery company Swiggy raised $2 billion in its initial public offering (IPO) last month. Swiggy's $1.34 billion listing became the world's largest technology IPO this year.
Prosus has also ramped up its investments in India in recent weeks, investing approximately $180 million in two new deals. The group acquired a 10.65% stake in supply chain finance platform Mintifi for $79.9 million and also acquired a 7.8% stake in housing finance company Vastu for approximately $100 million.