The CEO says that the bets on India to produce a company worth $ 100 billion

On Monday, the CEO of PROSUS CNBC said that India will produce a technology company worth $ 100 billion in the coming years.

ProsIt is a majority owned by South Africa NASPERS, is one of the largest technology investors in the world.

The company hopes that you can repeat the success she watched with its return on Chinese social media and giant games Tinetnet. PROSUS ‘NASPERS bought approximately 50 % contract in Tencent again in 2001 for about 32 million dollars. The value of this early share in the Tencent is now billions of dollars, as the value of the WeChat Operator reached about 600 billion dollars starting on Monday.

“The companies there (in India) are still small, our investments there are about 10 billion dollars, as it was in China 14 years ago.”

“What is learning?

PROSUS has invested in some of the most bunny technology companies in India, including Payment Service Payu and Mesho e -commerce. Prosus also has less than 25 % of the food delivery company Swiggyand Which was announced in November.

Bluweisi said that the inclusion of India’s investments in India is a major part of its strategy. He added that he expects five Indian companies that will be invested in the implementation of a preliminary general offer this year.

“I think this is very good for India, because we have the local markets that invest here in local companies. This was very important for us, and this was very important for China. I think that if India could invest strong local markets in technology, it would be amazing for India,” said Bluweesi.

Prosus also targets large investments in Europe and Latin America.

The company’s playing book revolves around the idea of ​​ecosystems surrounding services, which Tincent was able to implement in China. Tencen runs the largest correspondence application in China called WeChat, which combines features such as payments, taxi deportation or food order.

“We believe that we have environmental systems, just as happened in China in the United States, such as Microsoft, Uber, Google or Meta. They are not just one product. They have one product that allows sale and shared technology between many other neighboring cases. This is what we do,” said Bluii.

In Latin America, Prosus has classes in the Brazilian food delivery company, Dapegar and Online Marketplace Olx Brasil.

Bluweesi said that delivery of food and payments is the basis of their investments, followed by areas such as e -commerce and experiences such as travel.

“This is the type of ecosystem that we think. We have learned that it is from China, we do it in Latin America at the present time, with very great success.”

Meanwhile, prosus this year propose To acquire the European food delivery giant Just eat Takeaway.com In a deal of all the engraving of about 4.1 billion euros ($ 4.7 billion).

Pluweisi said that the positives officially started procedures to obtain permission from the European Commission to agree to the deal. PROSUS CEO said he was “optimistic” that European organizers “will agree on him quickly.”