Dutch technology investment group Prosus is expecting a wave of initial public offerings (IPOs) from its Indian portfolio companies, with as many as five startups preparing to go public in the next 18 months. This move signals growing momentum in India's internet market, which is currently the second-largest in the world.

On Monday, Prosus named three of its Indian portfolio companies that are gearing up for public listings: payments giant PayU, e-commerce startup Meesho, and online jewelry seller Bluestone. This announcement comes on the heels of a report by TechCrunch last month, which stated that over 20 Indian startups are planning to go public in 2025. Two of these startups, Pharmeasy and Captain Fresh, are also part of Prosus' portfolio.

Prosus' announcement is significant, given the group's recent success with food delivery firm Swiggy, which listed earlier this year and marked the largest global technology IPO of 2023, raising $1.34 billion. The company's profits also climbed to $2 billion last month, demonstrating the potential for Indian startups to attract significant investment and attention from the global market.

In addition to its IPO plans, Prosus has also been deepening its investments in India, with two new deals worth around $180 million in recent weeks. The group acquired a 10.65% stake in supply chain financing platform Mintifi for $79.9 million and took a 7.8% position in housing finance company Vastu for approximately $100 million. These investments demonstrate Prosus' commitment to the Indian market and its confidence in the growth potential of its portfolio companies.

The expected IPOs of these Indian startups will likely have significant implications for the country's tech ecosystem, as they will provide a new avenue for investors to tap into the growth potential of India's internet market. It will also create new opportunities for Indian entrepreneurs and startups to access capital and scale their businesses.

As the Indian startup ecosystem continues to mature, it will be interesting to see how these IPOs play out and what they mean for the future of tech innovation in the country. With Prosus' announcement, it's clear that the world is taking notice of India's growing internet market, and the next 18 months will be an exciting time for investors, entrepreneurs, and tech enthusiasts alike.