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prosus india portfolio shows mixed returns with pharmeasy lagging behind

PharmEasy continues to negatively impact Prosus’ India portfolio with an internal rate of return (IRR) of -38% in H1FY25, an improvement from -44% the previous year. In contrast, ElasticRun led with a 23% IRR, while Swiggy, PayU, and Meesho each reported 20-21%. Eruditus, despite a lower IRR of 14%, remains the only positive performer in the edtech sector for Prosus.

PayU India reports 237 million dollars revenue with strong credit growth

PayU India reported $237 million in revenue from its payments business for the first half of FY25, marking a 12% increase year-over-year. The company experienced a 25% rise in total payments value, aided by the onboarding of over 4,000 merchants following the lifting of regulatory restrictions in April 2024. Despite challenges, adjusted EBIT margins improved to -5%, although shifts in payment mix have impacted take rates.

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