Prosus reported a strong performance from its India business in FY26, with the ecosystem turning adjusted EBITDA profitable, driven by fintech platform PayU.

According to the 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. 

The Prosus India ecosystem employed 3,897 people during the fiscal.

PayU's payments business generated $577 million in revenue,which grew 10% year-on-year, while delivering EBITDA of $12 million. Higher-margin value-added services (VAS) and SaaS offerings contributed 33% of payments revenue, supporting margin expansion. The company's credit business also reached profitability, reporting 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.

During FY26, PayU processed total payment volume (TPV) worth $90 billion across its platform.

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%.

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, expanded merchant and consumer lending with Meesho, originated $2.1 million in loans through the partnership, and processed $1.5 million in UPI GMV for ixigo, alongside improved transaction success rates. It also processed $5 million of Swiggy's GMV.

Beyond fintech, Prosus continued strengthening its lifestyle ecosystem by investing in Rapido, while its portfolio also includes Urban Company, Meesho, Swiggy and ixigo. During FY26, Meesho, Urban Company and BlueStone completed IPOs, while Prosus reduced its stake in Swiggy to 22.31% following the food delivery company's public listing.