The head of Prosus NV’s venture capital arm expects to make more investments in the food delivery space globally, building on the hefty stakes it already holds in leading startups in Brazil, India and Germany and its parent company’s bid for Britain’s Just Eat.
Chief Executive Officer Larry Illg, who also oversees food investments at Prosus, also said that the about $5 billion the firm had so far pumped into India was just the beginning of further investments in the country as he seeks a successor to his parent company’s hugely profitable bet on internet giant Tencent, with that investment now worth $130 billion.
