Prosus Pledges Continued Investment in Booming Indian Consumer Enterprises

Prosus is dedicated to investing further in India's growing consumer sectors, notably through tech and AI advancements. The company, via insights shared at the AI Impact Summit, sees India as a fertile ground for growth and learning, aiming for a $50 billion portfolio within four years.

In a recent declaration, Prosus, a leading global investor in technology, revealed its intention to increase investments in India's thriving consumer enterprises.

Speaking at the AI Impact Summit, Euro Beinat, Prosus Global Head of AI and Data Science, expressed the company's strategy to focus on the rapid growth potential available in the Indian market. Prosus aims to expand its investment portfolio in India to $50 billion over the next four years.

Though Beinat remained cautious about predicting specific sectors poised for an AI boom, he stressed the critical role of consumer industries. The company's investment focus aligns with the insights presented in their new white paper, 'AI for All—Catalysing Jobs, Growth, and Opportunity'.

(With inputs from agencies.)