India will produce a $100 billion tech company in the coming years, the CEO of Prosus told CNBC on Monday, as the firm bets on the country for its next big investment win.
Prosus
, which is majority owned by South African company Naspers, is one of the biggest tech investors in the world.
The company is hoping it can replicate the success it saw with its return on Chinese social media and gaming giant Tencent
. Prosus’ parent company Naspers bought a near 50% holding in Tencent back in 2001 for around $32 million. That early stake in Tencent is now worth billions of dollars, with the WeChat operator valued at nearly $600 billion as of Monday.
