PayU plans India IPO, eyes $6 billion valuation
Image Credit: NewsBytes
Fintech firm PayU, backed by Prosus, is gearing up for an Indian listing next year with a potential valuation of $6-6.5 billion. The company saw impressive growth, with revenues hitting $400 million for the financial year ending March 2023, a 31% increase. PayU is expected to release a draft red herring prospect (DRHP) by the end of 2023 or early 2024.