Who is Prosus?
Prosus is a global technology investor listed on Euronext Amsterdam, created when Naspers spun off its international internet assets in 2019 1. Naspers is its majority owner, with about 57% of its economic interest 23. Its largest asset is a 22.8% stake in China’s Tencent 5. In India it had invested more than $8.6 billion by 2025, in companies including Swiggy, Meesho, PayU and Urban Company 9.
| Fact | Detail |
|---|---|
| Listed | Euronext Amsterdam, September 2019 1 |
| Majority owner | Naspers, about 57% economic interest 3 |
| Chief executive | Fabricio Bloisi, since July 2024 4 |
| Tencent stake | 22.8% 5 |
| FY26 revenue | $9.7 billion from its consolidated businesses 6 |
| Invested in India | More than $8.6 billion 9 |
Who owns and runs Prosus?
Naspers kept at least 73% when Prosus listed in 2019, and its holding has since fallen to about 57% of the economic interest 13. Naspers bought into Tencent with $32 million in 2001 1. Prosus has been selling small amounts of Tencent stock since 2022 to buy back its own shares, returning $46 billion to shareholders by March 2026 across Prosus and Naspers 728. Fabricio Bloisi, founder of Movile and former head of Brazil’s iFood, became chief executive in July 2024 4.
Results
In the year to March 2026 its consolidated businesses earned revenue of $9.7 billion, up 57%, and adjusted EBITDA of $1.3 billion. Free cash flow was a record $1.5 billion 6. Core headline earnings, which include its share of Tencent, were $8.3 billion 7. Prosus shares traded at about a 37% discount to the value of its holdings 5.
India
Bloisi has called India “a very important market” and Prosus’s second biggest focus area, saying it had invested $9 billion there 8. Business Standard reported in June 2025 that Prosus had invested more than $8.6 billion, managed $6.5 billion across more than 30 companies and had returned about $4 billion 9. In 2026 it set a goal of growing its Indian portfolio to $50 billion within four years 10.
| Company | Status | Reported outcome |
|---|---|---|
| Swiggy | Listed November 2024 | $1.3 billion invested; gain of more than $2 billion at the IPO; about 24.8% held in 2025 1213 |
| Meesho | Listed December 2025 | Sold no shares; about 11% held 16 |
| Urban Company | Listed September 2025 | 7.35% held, $139 million invested 17 |
| PayU India | Owned business | FY26 revenue $781 million; IPO deferred 613 |
| Rapido | Private | Bought ₹1,968 crore of shares from Swiggy in 2025 1819 |
| Byju’s | Written off | 9.6% stake, $493 million loss 20 |
Before Swiggy’s IPO, a Naspers subsidiary held 30.95% and was the largest shareholder 11. Meesho’s shares closed 53% above the issue price on their first day 15.
Investments outside India
| Date | Deal |
|---|---|
| 2025 | Bought travel company Despegar, about $1.7 billion enterprise value 25 |
| 2025 | Bought Just Eat Takeaway for about €4.1 billion; owned 98.19% by October 2025 2324 |
| 2026 | Agreed to sell its remaining Delivery Hero stake to Uber 26 |
The EU cleared the Just Eat Takeaway deal in August 2025 on condition that Prosus sharply cut its stake in rival Delivery Hero within 12 months 27. Prosus sold Delivery Hero shares to Uber and Aspex in 2026 and agreed in July 2026 to sell the rest to Uber, subject to Uber’s offer completing 26.
Controversies
Byju’s. Prosus’s director resigned from Byju’s board in June 2023, along with other investor directors. Prosus said Byju’s leadership “regularly disregarded advice and recommendations” on strategy, operations and governance 21. It later wrote off its 9.6% stake, booking a $493 million loss 20. Bloisi said in 2025: “What we lost in one startup, we have gained in another” 29.
BillDesk. PayU agreed in 2021 to buy the payments company BillDesk for $4.7 billion. The deal was terminated in October 2022 after some conditions were not met by the deadline, even though the Competition Commission had approved it 22.
See also all investors.