Prosus India Business Growth in FY26

Prosus has reported impressive results from its India operations in FY26, with its ecosystem achieving adjusted EBITDA profitability, largely driven by its fintech platform, PayU. According to the detailed FY26 annual report from Prosus, revenue from the Indian ecosystem increased by 13% year-on-year, climbing to $781 million in FY26 from $694 million in the previous year. The business achieved an adjusted EBITDA (aEBITDA) profit of $18 million, a notable turnaround from the $25 million loss recorded in FY25. Additionally, the adjusted EBIT loss decreased significantly to $10 million, down from $49 million.

During the fiscal year, the Prosus India ecosystem employed a total of 3,897 individuals. PayU’s payment services brought in $577 million in revenue, marking a 10% year-on-year growth and generating EBITDA of $12 million. Value-added services (VAS) and Software as a Service (SaaS) offerings contributed 33% of the payments revenue, aiding in margin expansion. The credit segment achieved profitability as well, reporting an adjusted EBITDA of $6 million. Credit revenue surged by 19% year-on-year, reaching $204 million, with new loan issuances amounting to $221 million for the year.

In FY26, PayU managed to process total payment volume (TPV) worth $90 billion through its platform. The company stated that PayU accounts for nearly 25% of India’s online payments industry revenue and oversees $682 million in assets through its lending division. Throughout the year, PayU also increased its stake in banking payments technology company Mindgate to 70.7%.

Prosus commented on building one of India’s most comprehensive digital consumer ecosystems, with PayU enhancing collaboration across various portfolio companies. The report underscored that PayU now handles a significant proportion of credit card transactions on Swiggy, expands merchant and consumer lending offerings with Meesho, originating $2.1 million in loans through this partnership, and processed $1.5 million in UPI GMV for ixigo, which contributed to better transaction success rates. Furthermore, it managed to process $5 million of Swiggy’s GMV.

In addition to fintech advancements, Prosus has been fortifying its lifestyle ecosystem through investments in Rapido, while its portfolio also features Urban Company, Meesho, Swiggy, and ixigo. During FY26, Meesho, Urban Company, and BlueStone executed their initial public offerings (IPOs), while Prosus reduced its ownership in Swiggy to 22.31% following the company’s public listing.