Prosus Ceo See Shakeup Coming For Europe's Delivery Apps

Prosus CEO Fabricio Bloisi was given a mandate when he started the role a year ago to find new growth and a cohesive strategy for the firm, a hodgepodge of investments in more than 100 companies spread across five continents. Bloisi is betting the 4.3 billion deal to buy Dutch food delivery company Just Eat Takeaway might kick off the shake up that he says the European technology sector needs and put Prosus on track to creating super apps spanning on-demand services to create lifestyle-experiences.
'Europe has very few big tech companies the big food delivery companies are valued at about 4-or-5 billion where as a similar company in America values at 80 billion, or China 120 billion,' Bloisi said in an interview this month. 'That's food delivery, but its the same for messaging or e-commerce or payments - Europe lacks a tech company compatible with its size.'
The 47-year-old, who took the job in July, is motivated to find a big new source of growth. Hes set to get a 100 million bonus if hes able to double the companys valuation by June 30, 2028. Just Eat, his biggest deal so far, will make Prosus the worlds fourth-largest food delivery company by gross transaction value. The company also owns Brazils iFood and stakes in Chinas Meituan, Indias Swiggy and Germanys Delivery Hero.