Mindgate

PayU India

PayU India's FY25 revenue up 24% to $669 million, but still chasing profit

23 Jun 2025, 19:14 PM

PayU India's adjusted earnings before interest and taxes (EBIT) loss rose by 38% to $44 million during FY25 from $32 million in FY24.

Exclusive: PayU acquiring UPI infra company for about $100 million

Exclusive: PayU acquiring UPI infra company for about $100 million

20 Mar 2025, 23:59 PM

The acquisition signals PayU's strategic move to gain a competitive edge in the rapidly expanding UPI market.

Scoop Confirmed: PayU picks strategic stake in Mindgate Solutions

Scoop Confirmed: PayU picks strategic stake in Mindgate Solutions

20 Mar 2025, 22:04 PM

As a part of this deal, PayU will acquire a 43.5% stake in Mindgate, while the majority ownership will remain with the company's founders.

Fintech Highlights

  1. EximPe gets in-principle licence to operate as cross-border payment aggregator

  2. PayU India secures Rs 302 crore investment from parent firm

  3. IPO-bound PhonePe ropes in former Meta India public policy head Shivnath Thukral

  4. Smallcase operating revenue jumps 57% to Rs 106 crore in FY25

  5. Paytm to become AI-first company: Vijay Shekhar Sharma
  6. Read more highlights...

AI/Emerging Tech

  1. LG introduces South Korea's first hybrid AI model

  2. Cognition to buy Windsurf after Google's reverse-acquihire $2.4 billion deal

  3. Meta's Zuckerberg commits hundreds of billions for AI data centers

  4. Nvidia set to resume H20 AI chip sales to China

  5. OpenAI's open model launch to take longer than expected
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