Prosus Reaps $2 Billion Windfall from Swiggy's IPO Valuation Surge

In a significant financial development, Prosus has reported a profit of $2 billion from its investment in Indian food delivery giant Swiggy, coinciding with the company's recent public offering (IPO). Swiggy, which has rapidly expanded across the Indian subcontinent, saw its valuation soar to an impressive $10.7 billion post-IPO, offering substantial returns for early backers like Prosus.

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Swiggy's Lightning Fast Grocery Deliveries: Outpacing Amazon in India

In the intense race for rapid grocery delivery in India, Swiggy has firmly established itself as a leader by successfully achieving deliveries in just 13 minutes. This remarkable feat has positioned the platform ahead of other retail giants like Amazon, who have also been vying for the same segment of the market.

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