Prosus

PayU India secures Rs 302 crore investment from parent firm

PayU India secures Rs 302 crore investment from parent firm

15 Jul 2025, 11:40 AM

The fresh capital infusion in PayU India comes as the company struggles to achieve profitability and its initial public offering (IPO) plans continues to elude.

PayU India employees can’t cash out shares – and there’s no IPO in sight till mid-2026

PayU India employees can’t cash out shares – and there’s no IPO in sight till mid-2026

09 Jul 2025, 23:13 PM

According to internal data reviewed by The Head and Tale, the fair value of SARs under multiple PayU-linked schemes has plunged sharply by 30-60% yoy.

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 receives final nod from RBI to operate as payment aggregator

Exclusive: PayU receives final nod from RBI to operate as payment aggregator

13 May 2025, 18:56 PM

The Gurugram-based fintech received an in-principle approval from the central bank in April 2024 to operate as a payment aggregator.

Visa veteran Shailesh Paul to take over as Wibmo CEO

Visa veteran Shailesh Paul to take over as Wibmo CEO

06 May 2025, 10:51 AM

One of the sources told The Head and Tale that out the Rs 1,013 crore raised by PayU from its parent entity Prosus recently, a little over Rs 500 crore has been used to...

Whistleblower alleges corporate governance lapses at PayU

Whistleblower alleges corporate governance lapses at PayU

06 Mar 2025, 14:49 PM

Prosus, in a response, said that an independent investigation found that the allegations were not substantiated and concluded that there was no wrongdoing...

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

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

21 Jan 2025, 16:45 PM

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

Exclusive: PayU chief business officer Sudhir Sehgal quits

Exclusive: PayU chief business officer Sudhir Sehgal quits

07 Jan 2025, 17:02 PM

His exit adds to a series of high-profile leadership exits at PayU over last couple of months.

Mintifi raises $180 million funding at $850 million valuation

Mintifi raises $180 million funding at $850 million valuation

11 Dec 2024, 16:20 PM

In a mix of primary and secondary transaction, Mintifi’s initial investor Lok Capital, exited as part of the secondary sale, while IFC partially sold its stake.

Prosus picks 10.65% stake in Mintifi for $80 million

Prosus picks 10.65% stake in Mintifi for $80 million

02 Dec 2024, 20:57 PM

In October 2024, Prosus acquired a 10.65% effective interest in Mintifi Private Limited (Mintifi) for approximately $79.9 million.

A top executive at PayU steps down amid leadership changes [Exclusive]

A top executive at PayU steps down amid leadership changes [Exclusive]

29 Nov 2024, 02:26 AM

In recent months, The Head and Tale has exclusively reported on other senior-level departures at PayU India, including Wibmo CEO Suresh Rajagopalan.

Prosus eyes PayU IPO in 2025 after Swiggy

Prosus eyes PayU IPO in 2025 after Swiggy's successful listing

14 Nov 2024, 14:28 PM

Prosus said in a statement that it had gained $2 billion on its investment in the food delivery and quick commerce firm.

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

13 Nov 2024, 15:26 PM

A source claims LazyPay recently received a letter from the RBI flagging issues in its customer onboarding process, but the company strongly denies receiving any such communication.

KYC startup Equal raises $10 million in Series A led by Prosus, others

KYC startup Equal raises $10 million in Series A led by Prosus, others

11 Nov 2024, 17:20 PM

The funding will go towards scaling operations, forging strategic partnerships, and developing a digital framework for improving the data-sharing ecosystem in India.

Wibmo CEO Suresh Rajagopalan resigns: sources [Exclusive]

Wibmo CEO Suresh Rajagopalan resigns: sources [Exclusive]

10 Oct 2024, 22:01 PM

Suresh Rajagopalan, chief executive officer of Wibmo, a PayU company, has resigned, according to sources.

PayU lays off close to 100 employees from credit team: sources

PayU lays off close to 100 employees from credit team: sources

27 Sep 2024, 12:37 PM

Of the total employees asked to leave, 30 were from its Gurugram office and the remaining from its Mumbai and Bengaluru teams.

Fintech Highlights

  1. Arohan Financial Services appoints Milind Nare as Deputy CEO, Ketan Agrawal as Deputy CFO

  2. NBFC CredRight raises $10 million in Series B funding

  3. Paytm approves investments in Paytm Money, Paytm Services, discontinues real money gaming biz

  4. Payments Council of India reappoints CCAvenue's Vishwas Patel as chairperson

  5. Avanse Financial Services raises $200 million in debt via ECB
  6. Read more news...

AI/Emerging Tech

  1. Elon Musk’s xAI, X sue Apple and OpenAI over antitrust claims

  2. OpenAI appoints ex Coursera exec Raghav Gupta as education vertical head for India, APAC

  3. Meta strikes licensing deal with Midjourney

  4. OpenAI warns against unauthorized investment vehicles

  5. Google inks cloud computing deal worth $10 billion with Meta
  6. Read more news...

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality