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FINTECH SUBSIDIARY OF PROSUS
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 ...- PayU appoints former RBI deputy governor, two others to its boardPayU has expanded its board, appointing three new directors, including former RBI deputy governor Subhash Mundra. The move strengthens its ...
- PayU gets final nod from RBI to process online business paymentsThis comes a year after PayU received in-principle approval and more than two years after its licence application was returned by the Reser...
- PayU India FY24 consolidated revenue rises 22% to $1.1 billionProsus's fintech arm, PayU, reported a consolidated revenue increase of 22% in FY24, reaching $1.1 billion. This growth can be attributed t...
- 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.
- ED flags failure to submit papers, delays by Byju’s; HCL eyes Karnataka for chip facilityByju’s founder and chief executive Byju Raveendran could be in trouble after the Enforcement Directorate (ED) said he appears to be “guilty...
- Prosus cuts Byju's valuation to under $3 billion; PayU India, Swiggy H1 financialsTechnology investor Prosus has slashed Byju’s valuation to below $3 billion from its peak of $22 billion. This and more in today’s ETtech T...
- PayU India H1 FY24 payments income rises to $211 million; fintech shutters LazyCard businessThe growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be...
- PayU’s sharp focus on India could soon culminate in domestic public listingAs PayU exits other markets, it will focus on India, Turkey and South East Asia. For India, PayU wants to double down on the credit busines...
- Puneet Chandok to head Microsoft India ops; PayU India may soon go for public listingFormer Amazon executive Puneet Chandok, who left the Seattle-based etailer’s Amazon Web Services team as its India and South Asia head, in ...
- PayU India income rises to $399 million, revenue growth slowsEven as overall income saw a bump, PayU India’s revenue growth rate slowed from the 42% witnessed in FY22.
- Swiggy's Jan-Dec loss widens 80%; Google challenges NCLAT order in SCIt was a mixed bag for Prosus in India. While its losses in Swiggy, a major portfolio company, spiked, there was a silver lining in terms o...
- ETtech Deals Digest | Uptick in early-stage investingHere are all the startups that got funded this week.
- PayU reports over 50% jump in revenue, clocks net profit of Rs 126 crorePayU had reported Rs 1,415.67 crore in consolidated revenues for the fiscal year ending March 31, 2021 (FY21). It had also reported net los...
- Elon Musk is definitely buying Twitter this time. MaybeThis week Elon Musk offered to buy Twitter for $44 billion or $54.20 a share – again. Don’t put the popcorn down just yet. Here’s the TL;DR...
- Transaction declined: why Prosus dropped $4.7B BillDesk buy; deal had $50-100M breakup feeThe merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value ...
- Transaction declined: why Prosus scrapped the $4.7 billion PayU-BillDesk dealIn a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled b...
- Prosus drops $4.7B BillDesk deal; revisit the biggest failed ‘tech-overs’ everProsus, the global investment arm of South African multinational Naspers, has cancelled a $4.7 billion deal to buy Indian payments firm Bil...
- PayU India submits revised merger notification to CCI on BillDesk dealAccording to the revised notification, the Prosus-backed multinational said that “the proposed transaction will not cause any appreciable a...
- 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 ...
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