The report from Prosus noted that at $18 million, Pay U turned EBITDA positive for the first time.

Zerodha seeks SEBI approval for a merchant banking licence to expand its investment banking services and enhance financial offerings.

During the second half of FY26, PayU India also exited certain "negative margin portfolios", impacting its sequential revenue growth. In the October-March, the fintech company…

Zerodha has applied to SEBI for a Category I merchant banking licence, signalling its entry into investment banking. The move aligns with Indias strong IPO pipeline and expanding…

Pay U turned EBITDA positive for the first time in FY26 driven largely by increased transaction volumes

Zerodha will be able to manage initial public offerings (IPOs) if it gets the licence.

Prosus strengthens its India strategy as PayU achieves profitability, expanding its startup portfolio and enhancing cross-platform synergies.

PayU achieves its first operational profit of $18 million in FY26, driven by revenue growth and strategic business exits.

India's leading retail broker, Zerodha, is making a significant move into investment banking. The company has applied to Sebi for a merchant banking license through its arm,…

The report from Prosus noted that at $18 million, Pay U turned EBITDA positive for the first time.