Prosus India revenue climbs 13% to $781M as PayU turns EBITDA positive

Prosus India's FY26 revenue rose 13% to $781M, led by fintech platform PayU, which swung to $18M EBITDA positive on $90B in total payment volume. Payment revenue grew 10% to $577M. Portfolio companies Swiggy (GOV up 46%, Instamart up 105%) added momentum.

— Source publishedMon, 29 Jun, 2026, 19:29 IST·First seen Mon, 29 Jun, 2026, 19:42 IST·Source YourStory

What happened

Prosus India revenue rose 13% to $781M in FY26, led by fintech PayU which turned EBITDA positive at $18M on $90B TPV. Swiggy's GOV grew 46%, with Instamart

Key facts

  • revenue up 13% to $781M FY26
  • PayU EBITDA positive $18M
  • TPV $90B
  • payment revenue $577M up 10%
  • Swiggy GOV up 46%
  • MTU 24.3M up 37%
  • Instamart GOV up 105%

Why this matters

PayU's profitability inflection and Swiggy's Instamart momentum (105% growth) sharpen valuation anchors for any partnership, stake-up, or IPO-positioning moves in the India stack.

What to watch

  • RBI/NPCI policy on MDR, UPI monetization, and payment aggregator licensing
  • PayU take-rate trend (payment revenue 10% vs TPV growth divergence)
  • PayU India IPO filing or banker mandate announcements
  • Swiggy Instamart contribution margin and quick-commerce burn rates
  • Next-quarter EBITDA sustainability vs reversion to losses
  • Prosus likely advances PayU India IPO preparation timeline to monetize the profitability milestone
  • Reinvestment of fintech cash flow into credit/lending and merchant SaaS to lift take rate
  • Continued capital allocation toward quick-commerce (Swiggy) given outsized Instamart growth
  • Cost discipline messaging to reassure on durable profitability vs one-off EBITDA print

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