Prosus India Turns Profitable as PayU Discipline Offsets Swiggy's Widening Burn
Prosus' India portfolio swung to $18M adjusted EBITDA in FY26 from a $25M loss, driven by PayU fintech discipline ($781M revenue, ~2% margin). But Swiggy's losses widened to a $126M share for Prosus' 23% stake, exposing a split between profit-focused fintech and cash-burning quick-commerce bets.
Prosus' India business turned profitable in FY26 on PayU fintech discipline (EBITDA $18M), but widening Swiggy losses ($126M share) offset gains, highlighting divergence between profit-focused fintech and cash-burning consumer internet/quick-commerce bets.