Prosus plans to raise $2b through near-term asset sales

Prosus, a Dutch tech investor majority-owned by South Africa’s Naspers, plans to raise US$2 billion through asset sales in the near term, CEO Fabricio Bloisi said.

The Amsterdam-based company focuses on food and lifestyle ecommerce in Latin America, India, and Europe.

Prosus has already raised US$780 million from asset sales over the past four months.

Bloisi said quarterly ecommerce adjusted EBITDA rose 54% to US$237 million for the period ending June 30.

Quarterly revenue was up 15% year-on-year to US$1.7 billion.

🔗 Source: Reuters

🧠 Food for thought

1️⃣ Strong performance enables strategic portfolio optimization

Prosus’s $2 billion asset sale target comes at a time of exceptional operational performance, suggesting strategic capital rotation rather than financial distress.

The company reported a 54% increase in quarterly earnings with ecommerce adjusted EBITDA reaching $237 million, up from $157 million year-over-year and exceeding internal targets by 14%2 3.

This timing indicates that Prosus is selling assets from a position of strength to optimize its portfolio, having already raised $780 million from asset sales in the past four months while maintaining strong growth trajectories1.

The approach reflects the practices of successful tech holding companies that periodically harvest returns from mature investments to fund new growth opportunities, particularly as Prosus faces the challenge of managing a diverse portfolio spanning multiple continents and sectors.

2️⃣ Aggressive dealmaking pace signals capital redeployment strategy

The scale of Prosus’s investment activity reveals an active capital rotation strategy, with over $400 million committed across more than 40 closed transactions in fiscal year 20254.

This high transaction volume, averaging nearly one deal per week, combined with planned $2 billion in asset sales suggests the company is systematically moving capital from established positions into earlier-stage opportunities.

The investment focus on AI-related startups, with $88 million specifically allocated to AI investments, indicates Prosus is positioning for the next technology cycle while monetizing current winners4.