Prosus CEO Earmarks $10 Billion for AI, Fintech, E-Commerce and Food Delivery
Prosus has a war chest of at least $10 billion to fuel investments in AI, fintech, e-commerce, online food delivery and payments, CEO Fabricio Bloisi said at Davos. He highlighted growth opportunities in India, Latin America and Europe and warned China’s AI capabilities should not be underestimated.
1. Prosus CEO Highlights China’s AI Strength
During a CNBC interview, Prosus CEO Fabricio Bloisi emphasized that investors should not underestimate China's AI capabilities, pointing to over 300 AI startups in Beijing alone and significant government-backed R&D spending exceeding $15 billion in 2023. Bloisi compared this to the United States, noting that while US firms lead in foundational models, Chinese companies are rapidly closing the gap in application-driven solutions such as natural language processing for e-commerce and financial services platforms.
2. Company Secures At Least $10 Billion for Expansion
Speaking at the World Economic Forum in Davos, Bloisi told Bloomberg that Prosus has “at least $10 billion” in available capital earmarked for acquisitions and organic growth initiatives. He specified that a substantial portion of these funds will support the consolidation of its global online food delivery portfolio, which generated €5.4 billion in revenues last year, and further investments in its payments and logistics infrastructure across key markets.
3. Strategic Focus on India, Latin America and Europe
Bloisi outlined Prosus’s investment strategy, highlighting its commitment to fintech and e-commerce leaders in India and Latin America, where combined addressable markets exceed $1.2 trillion. He cited the recent deployment of $750 million in a Brazilian digital banking startup and a €500 million equity infusion into an Indian payments gateway. In Europe, he stressed the need for larger homegrown technology champions to compete globally, signaling Prosus’s intention to participate in future funding rounds for emerging European SaaS and digital consumer platforms.