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Dutch investment group Prosus’ internal rate of return for Indian portfolio companies Swiggy and PayU India stood at 23% and 13%, respectively, in 2024-25.
Prosus’ venture investments ElasticRun, Meesho, and PharmEasy had an IRR of 28%, 20%, and -29%, respectively, showed the firm’s financial results for the fiscal year.
In calendar year 2024, Swiggy saw its gross order value (GOV) grow by 29%, while its adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) losses fell to $182 million from $261 million a year ago.
Netherlands-based payment solutions provider PayU’s India business saw its total payments volume grow by 17% and revenue by 14% on-year.
Overall, the business’s adjusted Earnings before interest and taxes (Ebit) losses improved to $11 million.
Prosus, owned by South African technology investor Naspers Ltd, saw its core headline earnings grow 47% on-year to $7.4 billion, up from $5 billion in the previous fiscal.
Meanwhile, the firm’s revenue jumped to $6.2 billion, up from $5.5 billion, a 21% on-year increase.
The e-commerce portfolio’s consolidated revenue in 2024-25 grew 21% to hit $6.2 billion, up from $5.5 billion.
Prosus’ food delivery companies delivered revenue of $1.3 billion, up 30% on-year from $1.2 billion.
Payments and fintech portfolio firms generated $1.3 billion in revenue, up 34% on-year from $1.1 billion.