by Prosus, the Dutch-listed technology investment company, has announced a restructuring of its business. The company will split its operations into two segments: edtech and food delivery.
Roger Rabalais, who was previously the chief financial officer of both segments, will become the CEO of the food delivery segment. Gautam Thakar, the CEO of OLX Autos, has been appointed as the CEO of the edtech segment.
The restructuring is a response to the changing landscape of the technology industry. Prosus is looking to focus on its core businesses and to create a more streamlined and efficient organization.
The edtech segment includes investments in companies such as Byju’s, Coursera, and Udemy. The food delivery segment includes investments in companies such as Swiggy, Delivery Hero, and Just Eat Takeaway.com.
The restructuring is expected to be completed by the end of 2023.
Here are some of the reasons why Prosus is restructuring its business:
- To focus on its core businesses: Prosus wants to focus on its core businesses of edtech and food delivery. These are the businesses where Prosus has the most experience and where it sees the most potential for growth.
- To create a more streamlined and efficient organization: The restructuring will create a more streamlined and efficient organization. This will allow Prosus to make better decisions and to execute its strategies more effectively.
- To respond to the changing landscape of the technology industry: The technology industry is changing rapidly. Prosus wants to be able to adapt to these changes and to continue to grow its businesses.
The restructuring is a positive move by Prosus. It is a sign that the company is committed to its core businesses and that it is confident in its ability to grow these businesses in the years to come.
