Prosus NV’s new Chief Executive Officer Fabricio Bloisi said adjusted profit at the company’s e-commerce division is expected to surge more than 950% this fiscal year as the executive works to increase the South African business’s market value.

Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to surge to $400 million this fiscal year and expects more of its Indian businesses to list following Swiggy's IPO,

The PE firm’s CEO Fabricio Bloisi said that the company remains excited about the prospects in the country. Bloisi said that the company is now valued around $100 Bn. Prosus has invested more than $7 Bn in Indian startups so far, according to Inc42 and Tracxn data.

MUMBAI: Even after its failed bet on Byju's, which was once India's most valued startup, Dutch technology investor Prosus remains bullish on the country's market.The company will continue to invest in India and remains excited about the country's prospects,

Prosus, majority-owned by South Africa's Naspers, is a major shareholder in Indian food delivery firm Swiggy, which is preparing for what could be one of India's biggest IPOs this year