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The Latest Breaking News from Prosus

Navi’s FY26 loss widens fourfold on UPI investments; eyes FY27 profitability

Navi reported a notable increase in net losses for FY26, largely attributed to its strategic investments in UPI and new market initiatives. Despite this setback, the company projects a turnaround to profitability in FY27. UPI is recognised as a vital mechanism for attracting customers, and lending remains a core source…

The Economic Times

Uber to buy Germany’s Delivery Hero in $14.8bn global deal

Agreement combines Uber Eats with food delivery brands in 99 countries and expands taxi service reach

The Guardian - UK

Sachin Bansal-backed Navi plans Rs 3,000 crore IPO, to file papers with Sebi by March quarter

Fintech startup Navi, co-founded by Sachin Bansal, is planning to file draft IPO papers in the March quarter of FY27 to raise about Rs 3,000 crore. The IPO is likely to include a mix of fresh equity and an offer for sale, with the final structure yet to be decided.…

The Economic Times

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Prosus pushes ahead with Just Eat turnaround after £3.6bn takeover

Just Eat Takeaway delivered revenues of £1.44 billion in the six months since it was bought.

Evening Standard

PayU India posts first full-year operating profit in FY26; revenue rises 13%

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 reported revenue of $384 million, down from $395 million in six months ending September 30, 2025.

The Economic Times

QOSMIC raises $3.3 million from Prosus, Accel, South Park Commons to solve space’s growing data bottleneck

Bengaluru-based QOSMIC has secured $3.33 million in seed funding to tackle a growing bottleneck in space: getting vast amounts of satellite data back to Earth. The newly raised capital will be used to scale manufacturing, integration and testing capabilities, while expanding engineering teams across optics, mechanical systems and electronics.

The Economic Times

Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

The Economic Times

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Pocket FM begins reverse flip talks; eyes potential India IPO

Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to India, signalling potential plans for a domestic public listing. This move follows rival Kuku Technologies' formal steps towards an IPO, intensifying focus on India's growing audio and mobile-first storytelling market.

The Economic Times

Sachin Bansal’s Navi in talks to raise $250-300 million from Prosus, Accel US

Sachin Bansal's Navi Technologies is in talks to raise $250-300 million at a $1.8-2 billion valuation, potentially from Prosus and Accel Growth Fund. This funding aims to expand its lending business in Southeast Asia, following strong performance in India. The move comes after a period of regulatory scrutiny and a…

The Economic Times

ETtech Explainer: How Swiggy’s failed bid to become an Indian firm matters for Instamart

Swiggy's bid to become an Indian-owned-and-controlled company (IOCC) has been delayed after shareholders failed to approve changes to its articles of association. This governance reset was crucial for its Instamart unit to gain inventory flexibility and improve margins, a strategy that benefited rival Eternal.

The Economic Times

Flipkart puts IPO on ice; Rapido's $240 million raise

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.

The Economic Times

Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billion

Urban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is part of a larger $730 million round and will be used to expand markets, grow its captain network, and enhance technology.

The Economic Times

3 Undervalued European Tech Stocks to Buy After the Ceasefire

The April 8 Iran ceasefire sparked a 5% surge in European tech, drawing attention to undervalued names like SAP, Spotify, and Prosus. Is it time to buy?

MarketBeat

Just Eat founding boss Jitse Groen stepping down months after takeover

Jitse Groen founded Just Eat in 2000, growing it from a student-led idea into a takeaway food delivery giant which now has operations in 16 countries.

Evening Standard

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The Independent UK

Just Eat £3.6bn takeover by Prosus wins green light from EU watchdogs

The European Commission said new conditions to the tie-up will protect consumer choice when it comes to ordering food at home.

Euronews

EU clears €4.1bn Just Eat takeover but prevents food delivery mega-merger

Brussels approves Naspers’ takeover of Just Eat Takeaway.com but orders Delivery Hero’s owner to sell down rival shares to safeguard competition in Europe’s food delivery market.

Evening Standard

Just Eat sales dip as it warns yearly earnings to be at ‘lower end’ of forecasts

The food delivery company is preparing to be taken over by South African-owned firm Prosus as it awaits regulatory approval.

The Independent UK

Just Eat profits dip following fewer takeaway orders

The food delivery company is currently preparing for a takeover

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Evening Standard

FTSE 100 claws back losses after US credit rating downgrade

Markets had initially dropped on Monday after ratings agency Moody’s downgraded the US from its triple-A credit rating.

Evening Standard

Prosus launches £3.4bn takeover offer for Just Eat in deal ‘milestone’

Prosus is set to become the fourth largest food delivery group in the world following the takeover.

Evening Standard

Just Eat sales flatline after weaker-than-expected UK orders

The group revealed flat growth ahead of its proposed takeover by South African-owned firm Prosus.

The Guardian - UK

Sharmilee, Leicester: ‘It really is worth your time’ – restaurant review

Our hugely influential restaurant critic, leaving the Observer after 26 years, finishes up with an Indian feast

The Guardian - UK

Just Eat Takeaway.com bought by South Africa’s Prosus in €4bn deal

Food delivery group’s board approves takeover by investor in German rival Delivery Hero

The Independent UK

£3.4bn Just Eat takeover set to shake up food delivery sector

Amsterdam-based Just Eat has had a difficult few years following the pandemic when households were forced to eat at home

Evening Standard

Just Eat to be bought by investment group Prosus in £3.4bn deal

The planned all-cash offer comes after a difficult past few years for Amsterdam-based Just Eat.

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