Prosus India’s PayU Profitability & Swiggy’s FY26 Surge

🔥 Main Takeaway

Prosus India just leveled up its game, hitting a 13% revenue jump to $781 million in FY26, largely thanks to its fintech powerhouse PayU finally turning EBITDA positive with $18 million and processing a massive $90 billion in payments.

📌 What Happened?

Prosus India saw its revenue climb to $781 million for FY26, marking a significant 13% increase. This growth was primarily fueled by the strong performance of its fintech platform, PayU, which became EBITDA positive for the first time.

PayU processed an impressive $90 billion in total payment value during FY26, with its payments segment driving 74% of its overall revenue. This segment alone grew by 10% to reach $577 million, showcasing its dominant role in the company’s financial health.

Additionally, Swiggy, another key player in the Prosus portfolio, reported substantial growth in its gross order value, which increased by 46% from January to December 2025. Its monthly transacting users also surged by 37% year-on-year, hitting 24.3 million.

Swiggy’s food delivery business more than doubled its EBITDA, despite increased strategic investments in quick commerce to maintain market competitiveness. Instamart, the quick commerce vertical, emerged as a standout performer with its gross order value skyrocketing by 105% year-on-year.

💰 Why It Matters

PayU’s shift to profitability is a major signal, indicating strong operational efficiency and a sustainable business model in the competitive Indian fintech landscape. This milestone could boost investor confidence in Prosus’s India strategy and its digital payments ventures, highlighting a clear path to generating returns.

The robust growth across both PayU and Swiggy underscores India’s booming digital economy and consumer spending power. For investors eyeing high-growth markets, these figures suggest that Prosus’s portfolio companies are well-positioned to capitalize on the country’s rapid digitization and increasing adoption of online services.

Swiggy’s balanced growth, with strong food delivery EBITDA and aggressive quick commerce expansion, shows a strategic play to dominate multiple segments of the on-demand delivery market. This diversified approach mitigates risks and creates a wider moat against competitors, making it a compelling case for observing consumer brand trends.

👀 What to Watch Next

Keep an eye on PayU’s continued profitability trajectory and how it leverages its proprietary tech stack, built from acquisitions like Mindgate and Wibmo, to further innovate in UPI and credit card processing. Its ability to scale value-added services will be key to sustaining momentum.

For Swiggy, monitor the balance between profitability in food delivery and continued investment in Instamart’s quick commerce expansion. The speed and scale of quick commerce growth will be a crucial indicator of its long-term market leadership and potential for future IPO considerations.