PayU India has raised INR 302 Cr from its parent company Prosus to support its credit business growth.
The funding is aimed at fueling the growth of PayU's credit business, which is expected to break even by September, demonstrating Prosus' confidence in PayU's trajectory.
PayU India's total revenue grew 21% year-on-year to $669 Mn in FY25, with its payments business breaking even in H2 FY25.
PayU India is focusing on improving profitability, aiming for breakeven in its credit vertical by September, after postponing its IPO plans to strengthen its business over the next 6–12 months.