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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

Prosus doubles stake in Urban Company ahead of $1.8 billion IPO

Prosus NV, buoyed by its Tencent success, has significantly increased its stake in Urban Company to 7.35%, becoming a major shareholder ahead of the Indian startup's IPO. Prosus invested $139 million in Urban Company, which saw its shares surge by 74% in its Mumbai debut, valuing the company at $2.8 billion.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/prosus-doubles-stake-in-urban-company-ahead-of-1-8-billion-ipo/123937667
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