Prosus India Breakthrough: PayU Turns Profitable, Boosts Stakes in Rapido & Ixigo!

Overview

Prosus is aggressively expanding its India strategy by integrating its portfolio companies, led by PayU. CEO Fabrício Bloisi announced PayU has achieved profitability, moving from a $3 million loss to a $3 million adjusted EBITDA in just five quarters. Prosus has also increased its stakes in mobility firm Rapido and travel platform Ixigo, aiming to create a powerful, interconnected Indian business ecosystem.