Key Points
Dutch investment firm Prosus has written off USD 578 million (about Rs 4,800 crore) that it invested in edtech firm Byjus, the company said on Monday.. In September 2022, Prosus had lost significant influence on Think and Learn, which owns Byjus brand, as its stake in the edtech firm came down to 9.6 per cent...
The fair value of BYJUS investment subsequent to the loss of significant influence is USD 578 million, Prosus said in its annual report for the fiscal year ended 2024...
The consolidated revenue of PayU grew 22 per cent to USD 1.1 billion in the fiscal year ended March 31, 2024, driven by the PSP (payment service provider) businesses in Turkey (Iyzico) and India, as well as India credit...
India grew revenue 11 per cent to USD 444 million, despite being unable to onboard new merchants due to the noted embargo during the year, the report said.. India TPV grew 22 per cent, ahead of revenue growth on the back of strong growth in ecommerce, financial services and government segments...
While our payments business in India achieved a 3 per cent trading profit margin in FY23, this worsened to negative 3 per cent in FY24 due to the change in merchant and payment method mix (predominantly driven by the embargo), the report said.. PayUs India credit issued USD 873 million in loans and grew its loan book to USD 468 million in FY24..
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