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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Payment services provider records 20% revenue growth, reduced operating losses to lift Dutch investor’s half-year performance.
Dutch technology investor Prosus-backed PayU India neared breakeven in the September quarter, with adjusted EBITDA turning positive at $3 million from a loss of $6 million a year ago, on account of growth in its merchant-lending business. The payment services provider's EBITDA margin rose 400 basis points to 1% in the quarter.
PayU's revenue in the quarter rose to $214 million, up 20% year‑on‑year, and 17% sequentially.
The results were part of Prosus’s half-yearly update on Monday, where it reported a 23% year-on-year rise in its net profit for the six months ended September 2025. The company’s bottom line came …
In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.
The ride-hailing company is gradually ramping up its food delivery business and at least one of the two major players has blinked in response. How credible is the threat?
A string of deals and bets signal the ride-hailing company’s ambition to dominate delivery, but questions and challenges remain.
