Skip to content
Subscriber Only
Technology

Prosus Places Its Bet on Digital India With Biggest Deal Ever

A store advertises the use of various digital payment systems in Mumbai, India.

A store advertises the use of various digital payment systems in Mumbai, India.

Photographer: Dhiraj Singh/Bloomberg
By

Tencent investor Prosus NV is placing its bet on India as the next big tech market. 

The Dutch e-commerce group’s $4.7 billion purchase of Indian payments business BillDesk is its largest deal ever, according to a company spokesman. Prosus has been scouring the globe to replicate its blockbuster bet on Chinese game maker Tencent Holdings Ltd.