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PROSUS ANNUAL EARNINGS
In India, $1 housekeepers spark a consumer, worker frenzy despite safety risksSome Indian startups are offering house help for as little as $1 an hour, attracting thousands of women seeking work and consumers eager fo...- PayU expects 5% profitability margin in near term as new revenue lines kick inThe digital payments major had reported a 2% operating loss in the financial year 2025. According to CEO Anirban Mukherjee, once the compan...
- PayU India reports Rs 5,778 crore revenue in FY25; remains operationally lossmakingPayU India's payment division achieved breakeven in the second half of fiscal year 2025. Revenue grew due to deeper market penetration and ...
- Dutch technology investor Prosus aims to grow ecommerce revenueDutch tech investor Prosus aims to grow its ecommerce revenue to $7.3–$7.5 billion and adjusted EBITDA to $1.1–$1.2 billion in FY2026. In F...
- Swiggy GOV growth came at the cost of profitability: ProsusSwiggy invested heavily in building quick commerce capacity to tackle competition from Zomato’s Blinkit and Zepto. During the March quarter...
- Prosus surpasses financial targets with $7.4 billion annual earningsProsus reported a 47% rise in full-year core headline earnings to $7.4 billion. The company reported 21% growth in ecommerce revenue. "We a...
- Groww’s $160 million tax payout; PhonePe’s losses fallDespite a significant growth in revenue, Groww posted a net loss in FY24. This and more in today’s ETtech Top 5.
- Prosus writes off investment in Byju's marking $493 million lossProsus writes off 9.6% stake in Byju's worth $493 million due to value decrease as per HSBC note. Also marks investment in Primrose Hill (Z...
- Prosus writes off Byju's stake; Swiggy, PayU India report cardDutch investment major Prosus said its investment in Byju’s is worth zero. This and more in today’s ETtech Top 5.
- Swiggy’s revenue up 24% in calendar year 2023; quick commerce unit economics improve: ProsusProsus, the largest shareholder in Swiggy, reported a 24% revenue growth for the year ended March 31, 2024, with Swiggy's gross order value...
- Delhivery slides back to losses; Prosus names new CEOLogistics startup Delhivery fell back into the red for the March quarter but managed to narrow its losses on a year-on-year basis. This and...
- Exclusive: Top-deck shuffle at Amazon India; social media firms and anti-deepfake toolsAmazon has started significant top-level restructuring of its India management team under vice president and country head Manish Tiwary.
- Focus back on growth over profitability; no consumption slowdown yet: Swiggy's Rohit KapoorKapoor, who was the global chief marketing officer at Oyo before joining Swiggy last August, told ET that both growth and profitability are...
- Infosys growing on a solid foundation, says Nandan Nilekani; Byju’s awaits entire amount from Davidson KempnerIndian tech services bellweather Infosys is not only growing on a “solid foundation” on the back of large deal wins, but is equally poised ...
- Expect further corrections in startup valuations: Prosus CEO Bob van DijkThe froth of the low-interest rate regime hasn’t fully been washed away and the startup ecosystem is likely to see valuations drop further,...
- Prosus reports 80% jump in Swiggy's Jan-Dec loss, 26% growth in food-delivery GMVProsus, which has backed companies such as Byju’s, PharmEasy and Eruditus, holds a 33% stake in Bengaluru-based Swiggy.
- South African tech investor Naspers' profit slumps on lower Tencent contributionNASPERS-S.Africa tech investor Naspers' profit slumps on lower Tencent contribution
- Prosus-backed PayU to acquire Indian payments gateway firm BillDesk for $4.7 billionThis will be one of the largest acquisitions in India’s digital payments space and by far the biggest move to consolidate the fast-growing ...
- BillDesk cofounder on Prosus deal; pre-IPO boost for PaytmBillDesk, the Indian fintech firm that predates the word 'fintech', will soon be acquired by global tech investor Prosus in a $4.7 billion ...
- RTP Global, Prosus lead DeHaat's $30 million funding roundExisting investors Sequoia Capital India, Dutch entrepreneurial development bank FMO, Omnivore and AgFunder also participated in this round.
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