Prosus CEO Fabricio Bloisi To Meet Swiggy, Other Portfolio Firms In His First India Visit Next Month

SUMMARY

Bloisi, who took over the role in May, is slated for a two-day visit in Bengaluru and Delhi

As per an ET report, Bloisi is expected to meet the founders of Swiggy, Urban Company and Meesho in Bengaluru as well as other investors and bankers during his visit

Bloisi replaced long-time CEO Bob van Dijk, who abruptly resigned last September

Recently appointed chief executive of Dutch technology investor Prosus, Fabricio Bloisi, is set to make his first visit to India in the second week of August.

Bloisi, who took over the role in May, is slated for a two-day visit in Bengaluru and Delhi, ET reported.

Bloisi is expected to meet the founders of Swiggy, Urban Company and Meesho in Bengaluru as well as other investors and bankers during his visit, added the report.

In May, Prosus and its parent company, Naspers, appointed former iFood CEO Bloisi as their new CEO. At the time, it was reported that Bloisi would join the Naspers board as an executive director on July 1 and join the Prosus board following the AGM in August 2024, pending shareholder approval. Bloisi acquired iFood in 2013 when it was a 20-person startup and has since transformed it into Brazil’s leading food delivery company through rapid and profitable growth.

Bloisi replaced long-time CEO Bob van Dijk, who abruptly resigned last September. Ervin Tu then served as the interim CEO of Prosus.

The visit coincides with Swiggy’s IPO, where Prosus is the largest investor. Prosus’ portfolio in India includes BYJU’S, Eruditus, Mens Brands, OLX, Swiggy, The Good Glamm Group, Lazypay and PharmEasy, among others.

“Swiggy IPO, of course, is the big focus, but he will be meeting some of the other top portfolio firms as well. The idea is to get a deeper sense on how the local businesses are performing and what’s in store given India remains a key focus for Prosus as well as Naspers,” a source told ET.

In May, Bloisi expressed his belief that portfolio companies Swiggy and Germany-based Delivery Hero have opportunities to collaborate and explore synergies in the future.

Prosus is the largest stakeholder in Swiggy, holding a 32% stake, and has been a significant investor in Delivery Hero, which went public in Germany in 2017.

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