Results · Financial Services

Prosus India turns profitable in FY26

By Startup Enthusiast · 29 June 2026

What they do

Prosus India invests in and operates consumer internet businesses across payments, lending, and e-commerce in India

Its India ecosystem posted an adjusted EBITDA profit of $18 million in FY26, reversing a $25 million loss from the prior year

The turnaround was driven by PayU's payments and credit growth, plus IPOs of portfolio firms like Meesho and Swiggy

Prosus India's ecosystem turned adjusted EBITDA profitable in FY26, posting a $18 million profit.
India revenue grew 13% year-on-year to $781 million in FY26 from $694 million in FY25.
Adjusted EBIT loss narrowed to $10 million from $49 million in the prior year.
The company employed 3,897 people in its India ecosystem during FY26.
PayU's payments revenue rose 10% to $577 million, with an EBITDA of $12 million.
The credit business reported a $6 million adjusted EBITDA profit on revenue of $204 million, up 19% year-on-year.
Prosus increased its stake in Mindgate to 70.7% during the year.

The profitability milestone signals a turnaround for Prosus's India operations after years of losses.
Portfolio companies Meesho, Urban Company, and BlueStone completed IPOs during FY26, boosting the ecosystem's value.
Prosus reduced its Swiggy stake to 22.31% after the public listing, indicating partial exits.
The results show growth in both payments and credit, with new loan issuances of $221 million in FY26.

Prosus India operates a portfolio of consumer internet companies, including PayU, Meesho, Swiggy, and Urban Company.
PayU processes payments for major platforms, handling a significant share of Swiggy's credit card payments.
The company expanded merchant and consumer lending through a partnership with Meesho.
PayU's total payment volume reached $90 billion in FY26, with about 25% market share of India's online payments industry revenue.
Value-added services and SaaS contributed 33% of payments revenue.
The credit business had a lending AUM of $682 million at the end of FY26.
Prosus also invested in Rapido during the fiscal year.