Global technology investor Prosus has reported strong business growth in India for the financial year 2026. The company said its India business revenue reached $781 million in FY26, which shows a 13 percent increase compared to last year. The biggest highlight in this report came from PayU India, which achieved a major milestone after it reported positive EBITDA for the first time.
This development has become an important moment for Prosus because India remains one of its most valuable markets. The company has invested in several well-known Indian startups over the years and now those investments have started to show stronger financial results. The latest numbers also show a bigger trend in the startup world, where companies now focus more on profit instead of only chasing fast growth.
PayU Achieves Important Profitability Milestone
One of the biggest reasons behind this strong performance came from PayU, the digital payments and fintech business owned by Prosus. For the first time, PayU India reported adjusted EBITDA profit of $18 million in FY26.
This has become an important achievement because PayU spent many years operating at a loss while the company expanded across India’s competitive fintech sector. For a long time, investors watched PayU closely because it played a major role inside Prosus’ India portfolio, but profit remained difficult.
Now this positive EBITDA result shows that the business has entered a more stable phase. It also shows that management has improved cost control while maintaining strong business growth. This result may increase confidence among investors who expect PayU to become one of India’s stronger fintech businesses in the coming years.
Payments Business Continues to Lead Revenue Growth
The payments business remained the biggest source of revenue for PayU during FY26. The company reported payments revenue of $577 million, which shows 10 percent annual growth compared to the previous year.
The company also processed a massive Total Payment Value, or TPV, of $90 billion, which shows 15 percent growth year-on-year. This number reflects the total value of all payments processed through PayU’s system.
Another major growth area came from transaction volume. The total number of transactions processed by the company increased by 49 percent during FY26.
A large reason behind this strong transaction growth came from the rising popularity of UPI payments in India. Millions of people now use UPI every day for shopping, bill payments, money transfers, and online purchases. This rapid shift toward digital payments helped PayU expand its payment business even faster.
The numbers clearly show that PayU has built a strong position in India’s fast-growing digital payments market.
Credit Business Shows Big Financial Improvement
Prosus also reported strong growth in PayU’s credit business during FY26. Revenue from the credit division reached $204 million, which reflects 19 percent annual growth.
Even more important, the division reported positive EBITDA of $6 million. This marks a huge improvement compared to FY25, when the same business reported a loss of $28 million.
This turnaround happened because the company changed its strategy in lending operations. Instead of taking large risks directly, PayU moved toward a partnership-led digital lending model.
Under this system, the company works more closely with partners for lending services rather than carrying major financial risk on its own balance sheet. This strategy helped improve margins and reduced financial pressure on the business.
This sharp improvement became another major reason behind Prosus India’s overall better financial performance.
Prosus Portfolio Companies Also Perform Well
Prosus has built a large network of startup investments in India, and several of those businesses also delivered strong performance during the year.
Food delivery company Swiggy, one of Prosus’ major investments, reported strong progress in its business operations. The company’s food delivery EBITDA more than doubled during the year, which shows stronger profitability.
Swiggy’s quick commerce business Instamart also showed rapid expansion. The company reported Gross Order Value growth of 105 percent, which shows rising customer demand for fast grocery delivery services.
Another important company inside the Prosus portfolio is Meesho, the popular ecommerce platform. The company saw loan originations through its PayU partnership rise by more than 100 percent. This shows stronger cooperation between Prosus-owned businesses and proves that the ecosystem strategy has started producing results.
Prosus Increases Investment in Rapido
Prosus also increased its investment in Indian bike taxi platform Rapido. During FY26, the company raised its stake in Rapido to 23.52 percent.
Rapido has become one of India’s fastest-growing mobility startups and competes directly with larger transportation businesses across the country.
This increased ownership shows that Prosus has strong confidence in Rapido’s future growth potential. The company clearly believes the mobility sector will continue to expand rapidly as more consumers choose app-based transport services.
The move also shows that Prosus plans to deepen its long-term commitment to India’s startup market.
Ixigo Partnership Adds More Growth Opportunities
Travel platform Ixigo also played an important role in Prosus’ India strategy during the year. The company reported strong growth in payment activity through PayU’s infrastructure.
According to company data, UPI payment processing through Ixigo grew by 50 percent within one month.
Prosus also expanded its investment in Ixigo after it acquired a 16.24 percent stake in the company.
This move fits the company’s larger strategy, where multiple portfolio companies support each other through shared services like payments, lending, ecommerce, and customer reach.
The company wants stronger business connections between its investments rather than keeping them separate.
India Becomes More Important for Prosus
The latest results clearly show that India has become one of the most important global markets for Prosus.
For many years, technology investors focused mainly on user growth and market expansion. Today the market has changed. Investors now want businesses that can produce steady profit while still maintaining growth.
Prosus India’s FY26 performance shows this shift very clearly. PayU moved into profitability, the credit business recovered strongly, and other startup investments continued strong expansion.
The company has also started building what many analysts call an integrated digital ecosystem. Instead of acting only as an investor, Prosus now connects payments, lending, ecommerce, travel, mobility, and food delivery businesses under one larger strategy.
Global Performance Also Shows Improvement
Prosus also reported strong global financial performance during the same period. The company announced 84 percent growth in adjusted core earnings worldwide.
Even more importantly, the company said all of its global operations reported profitability for the first time.
This stronger global performance gives Prosus more financial strength as it continues investing in high-growth markets like India.
A Strong Signal for India’s Startup Sector
The FY26 results from Prosus India send a very strong message to India’s startup ecosystem.
The days when startups focused only on rapid growth appear to be changing. Investors now reward businesses that show financial discipline and profit potential.
Prosus India’s revenue growth to $781 million, combined with PayU’s first positive EBITDA of $18 million, proves that large technology companies can achieve both growth and financial stability at the same time.
As India’s digital economy continues expanding, Prosus appears ready to play an even bigger role in the country’s technology future. The company’s latest numbers show that its long-term India strategy has started producing real financial success.
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