Prosus India reported $781 million in revenue in FY26 and turned adjusted EBITDA positive, marking a key financial milestone. The results reflect stronger operational performance, disciplined cost management, and continued growth across its investment portfolio despite a challenging funding environment. The Prosus India ecosystem employed 3,897 people during the fiscal.
According to Prosus’ FY26 annual report, revenue from its India ecosystem rose 13% year-on-year to $781 million in FY26 from $694 million a year earlier. The business posted an adjusted EBITDA (aEBITDA) profit of $18 million, compared to a loss of $25 million in FY25, while its adjusted EBIT loss narrowed sharply to $10 million from $49 million. Fintech platform PayU largely drove it.
PayU's payments business generated $577 million in revenue, up 10% year-on-year, and delivered EBITDA of $12 million. Higher-margin value-added services (VAS) and SaaS offerings accounted for 33% of payment revenue, supporting margin expansion. The company's credit business reported an adjusted EBITDA of $6 million. Credit revenue rose 19% year-on-year to $204 million, while new loan issuances touched $221 million during the year.
The company said PayU accounts for around 25% of India's online payments industry revenue and manages $682 million in assets under management through its lending business. During the year, it also increased its stake in banking payments technology firm Mindgate to 70.7%. During FY26, PayU processed total payment volume (TPV) worth $90 billion across its platform.
Prosus said it is building one of India's most comprehensive digital consumer ecosystems, with PayU increasingly driving collaboration across portfolio companies. The report highlighted that PayU now processes a significant share of credit card payments on Swiggy, has expanded merchant and consumer lending with Meesho, has originated $2.1 million in loans through the partnership, has processed $1.5 million in UPI GMV for ixigo, and has improved transaction success rates. It also processed $5 million of Swiggy's GMV.
During the year, Prosus acquired a 16.24 percent stake in ixigo and increased its holding in Rapido to 23.52 percent. The company said its Indian e-commerce ecosystem now reaches more than 500 million users annually and processes 450 million orders each month.
A positive Adjusted EBITDA indicates that Prosus India is becoming more operationally efficient while it is still growing revenue. The fact shows how good the balance between growth and costs is, which is increasingly appreciated by investors. If the trend continues, it will allow Prosus to build a solid financial foundation and grow the portfolio in the future.