Technology investor Prosus is doubling down on India after its fintech business PayU achieved profitability for the first time and the company expanded its local investment portfolio with bets on mobility platform Rapido and online travel company ixigo.
India remains one of Prosus’ three core markets alongside Latin America and Europe, with the company positioning PayU at the centre of an interconnected ecosystem that also includes investments in Swiggy, Meesho, Rapido and ixigo. The group said it is increasingly driving cross-platform partnerships and synergies across these businesses.
Increasingly Connected
The biggest milestone for the India business came from PayU, which posted its first full-year adjusted EBITDA profit. Revenue at the payments and fintech company rose 13 per cent to $781 million in FY26, while adjusted EBITDA turned positive at $18 million. The payments business processed total payment volume (TPV) of $90 billion during the year, with payments revenue increasing 6 per cent to $577 million and adjusted EBITDA reaching $12 million. Its credit business also pivoted to profitability, contributing $6 million in adjusted EBITDA.
Prosus said it is strengthening its India ecosystem through acquisitions and investments in high-potential businesses, highlighting recent investments in Rapido and ixigo. The company said PayU is becoming increasingly connected with the broader portfolio by adding partnerships and generating measurable cross-platform synergies.
The India performance came as Prosus reported one of its strongest years globally. Ecosystem revenue rose 57 per cent to $9.7 billion, while adjusted EBITDA jumped 84 per cent to $1.3 billion. The company generated a record $1.5 billion in free cash flow and returned $46 billion to shareholders through its ongoing buyback programme.
AI Ecosystem
Chief executive Fabricio Bloisi said Prosus is building an AI-powered lifestyle ecosystem across delivery, finance and digital experiences, with artificial intelligence embedded across its operations. The company’s proprietary AI platform, ToqanClaw, is already available to more than five million merchant partners globally, enabling automation and personalised services across its businesses.
For India, PayU’s return to profitability marks an important inflection point as Prosus sharpens its focus on integrating its portfolio companies and using AI-led capabilities to deepen engagement across financial services, commerce and consumer internet businesses.