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Young Turks

Young Turks: India is a top priority country when it comes to new ventures, says Prosus

Updated : November 26, 2020 03:38 PM IST

Global internet consumer group and one of the largest technology investors in the world, Prosus saw a 32 percent increase in revenue for six months ended 30th September as the pandemic accelerated activity in the consumer internet space.

In a year that has been tough for most businesses, Prosus’s bet on sectors like e-commerce, food delivery, and online education paid off as people stuck at home aggressively adapted and adopted online models.

Prosus's India portfolio too has seen a vast improvement in fortunes - food delivery platform Swiggy steadily recovered post the lockdown and is nearing pre-COVID-19 sales levels -- Prosus owns a 40 percent stake in the company.

The group that has invested 600 million dollars across its businesses in H1-2020-21 prefers to be "cautiously optimistic" about its prospects as the longer term economic impact of the crisis is still unclear even as it continues to build on the shift to online triggered by the pandemic.

In this episode of Young Turks, Bob Van Dijk, CEO of Prosus & Naspers, is in conversation with CNBC-TV18’s Shereen Bhan.

Watch this video for more.
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