India Anchors Dutch Investor Prosus’ Global Strategy as E-Commerce Revenue Surges 21%

Prosus is doubling down on its ambition to become a global e-commerce powerhouse. In its latest annual report, the Dutch tech investor revealed a 21% surge in e-commerce revenue, reaching $6.2 billion for FY2025. This growth is being driven by its expanding portfolio across India, Latin America, and Europe, with a strong emphasis on AI-powered innovation and lifestyle commerce.

Prosus has invested $8.6 billion across more than 30 Indian ventures. It’s building a “lifestyle e-commerce ecosystem” by integrating food delivery (Swiggy), fintech (PayU), commerce (Meesho), and services (Urban Company).

Key Highlights:

• Adjusted EBIT for e-commerce jumped 12x to $443 million, signaling a sharp pivot toward profitability.
• Prosus is now free cash flow positive (excluding Tencent dividends) for the first time, with a $513 million improvement
• The company invested $7.8 billion to strengthen regional ecosystems and acquire AI-native startups, including the ongoing integration of Just Eat Takeaway.com.
• CEO Fabricio Bloisi emphasized a cultural shift toward an AI-first mindset, aiming to create the next $100 billion in value through innovation and ecosystem synergy.

India remains a central pillar of this strategy, with Prosus backing major players like Swiggy, Meesho, PayU, and Urban Company.

The company aims to replicate its Tencent success story in India, expecting the country to produce a $100 billion tech company.

After Swiggy’s successful IPO in 2024, Prosus is eyeing five more public listings in FY26, including Meesho, Urban Company, BlueStone, and Captain Fresh. 

Israel-based Rapyd Acquiring PayU's Global Payments Organisation (GPO) for $610 Mn, To Enable PayU Focus on India Fintech Biz

Rapyd, Israel's fintech-as-a-service startup, is acquiring PayU’s Global Payments Organisation (GPO) for a total cash consideration of $610 million. The transaction will enable PayU to focus on the large payments and fintech opportunity in India, announced the company.

The acquisition of PayU Global Payment Organisation (GPO) does not include PayU’s India, Turkey and Southeast Asia operations.

PayU is a payments and fintech business of Prosus, a Netherlands-based consumer internet group and a technology investor that operates and invests in markets with long-term growth potential.

PayU’s GPO business provides advanced ecommerce payment solutions for global merchants in over 30 countries across Latin America, Central and Eastern Europe and Africa. The business contributes around 30% of PayU's overall revenues. In FY23, total payment volumes for GPO grew 12% year-on-year to US$34bn. This is around 3x growth in 5 years.

PayU will now focus on the "rapidly growing Indian payments and credit business", according to a statement from Prosus, under its subsidiary PayU India, through which it is serving more than 450,000 merchants and more than 2m credit customers.

For Rapyd, the acquisition of PayU GPO expands its global reach, strengthening its position in key vertical markets including eCommerce, logistics and transportation.

PayU CEO Laurent le Moal, said,"PayU's payments business is one of the largest, fastest growing, and most profitable non-banking businesses in India, with 42% year on year growth in the last year alone." Overall, India's digital financial services opportunity remains large and underserved, providing healthy growth for PayU India".

According to the company's consolidated financial statement for 2023, PayU's India business alone generated $399 million in revenue in FY23, growing 31% year on year.

To recall, in October last year, Prosus had terminated a $4.7 billion deal to buy Indian payments firm BillDesk despite receiving approval from the Competition Commission of India (CCI).

Prosus is majority-owned by South African multinational Naspers, and through its subsidiary Prosus, Naspers has claimed to have invested close to $6 billion in Indian technology companies since 2005.

In July 2021, Prosus, along with SoftBank, led the $1.25 billion financing round of Swiggy and holds about ~ 38% stake in the Indian food delivery giant.

Fashinza Raises $100 Mn Series B Funding Led by Prosus, Westbridge Capital

(L-R) Jamil, Pawan & Abhishek

• Fashinza to use funding to create sustainable supply chain for global fashion industry
• Fashinza suppliers experienced a 200% YoY increase in earnings in 2021 from increased capacity utilization
• Fashinza customers reported a 25% reduction of costs in inventory and a 20% increase in topline with faster TATs and lower minimums
• The company experienced 10x growth in 12 months along with increasing their global footprint

Fashinza, the AI-driven B2B marketplace and real-time global supply chain for fashion brands and retailers, today announced it has raised a $100 million in Series B funding round led by Prosus Ventures (f.k.a. Naspers Ventures) and Westbridge along with participation from existing investors Accel, Elevation, and DisruptAD. The round also saw participation from angel investors Naval Ravikant, Jeff Fagnan, Jake Zeller, Nivi, and Nitesh Banta. The funding round is a combination of equity and debt financing.

Fashinza will utilize the funds towards creating a sustainable supply chain for the global fashion industry and in expanding the company’s presence globally. This includes monetizing fintech offerings, expanding into raw material procurement, helping Indian SME apparel manufacturers with supply chain financing, creating a sustainable (i.e. net positive) supply chain by 2030 and Industry 4.0 solutions for SMB manufacturers.

In the past 12 months, and in the middle of a global pandemic, Fashinza grew the business 10x crossing $150 million in annualized GMV run rate. The company also reduced minimum order units to as low as 50 and reduced design to delivery TATs by 50% in a single year. Fashinza has a roster of over 250 manufacturers in India, Bangladesh, China, and Vietnam that currently serves 200+ brands across 6 countries, including the United States, Canada, UAE, and India.

“We are excited to expand our global presence and offer fast and sustainable tech-based supply chain solutions -- especially to our customers in North America. Our goal to help our partner brands and manufacturers work and thrive with an agile supply chain that benefits all is now a reality and already increasingly impacting our customers’ lives,” adds Pawan Gupta, CEO and Co-founder of Fashinza.

“Our mission is to create a sustainable, futuristic, and agile fashion supply chain using technology while improving the ethics and sustainability in the supply chain. We are now also using the massive data we generate to solve financial challenges for our customers and suppliers with our fintech products,” says Abhishek Sharma, COO and Co-Founder, Fashinza.

“At Fashinza we believe that we cannot grow alone but only with the growth of our SME partners and customers. The funds infusion would help us in executing new strategies and implement new solutions, leading to all round growth across geographies,” adds Jamil Ahmad, Chief Business Officer and Co-founder of Fashinza.

“The issues of the fashion industry supply chain have grown immensely over the past few years – and these challenges have presented an opportunity ripe for disruption. The Fashinza team has quickly evolved in a space that needs to go beyond the traditional channels. Their exceptional team, dedication to mission, and business acumen at scaling their customer growth are why this investment is important to us,” says Ashutosh Sharma, Head of India Investments at Prosus Ventures.

“We are thrilled to be part of Fashinza’s growth journey. We believe the company has the potential to revolutionize the fashion industry supply chain using technology and we are excited to help take the company to the next level,” says Sandeep Singhal, Managing Director, WestBridge Capital.

In addition to solving complex supply chain issues, Fashinza’s‘flexible and transparent’ marketplace model also includes logistics, fintech, and payment support. For additional information, please visit www.fashinza.com.

Fashinza is an AI-driven B2B marketplace for global fashion supply chains. They make it exceptionally easy for international brands to access design to delivery in as fast as 4 weeks with very low minimums. Fashinza offers access to a transparent production process that can be monitored 24/7 with 100% control enabled by their revolutionary FactoryOS. Their goal is to create a sustainable (i.e. net positive) supply chain by 2030 and empower SMB manufacturers with Industry 4.0 solutions. Fashinza has a roster of over 250 factories that currently serves 200+ brands across 6 countries, including the United States, Canada, UAE and India. The company was co-founded in 2020 by serial entrepreneurs Pawan Gupta, Abhishek Sharma, and Jamil Ahmad.

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors. 

Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture and more. The team actively backs exceptional entrepreneurs who are using technology to improve people’s everyday lives. Each month, more than 2 billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built. To find out more, please visit www.prosus.com.

WestBridge Capital is a highly experienced investment firm, managing over US$3 billion of capital, which focuses primarily on investments in India. WestBridge seeks to partner with some of India's most promising mid-sized companies run by outstanding entrepreneurs and management teams for the long-term, whether they are public or private.