
CosmicTaco
PayU's Strategic Fundraising Ahead of IPO
- PayU is planning to raise $250-300 million before its IPO, targeting new investors to diversify its shareholder base.
- This fundraising effort is seen as a way to assess investor demand and set a valuation benchmark.
- Discussions are in early stages, and the participating investors are yet to be confirmed.
- Prosus, PayU's parent company, has recently invested significantly to support its growth strategies.
- The IPO, initially planned for 2025, has been postponed to FY26, with the company focusing on sustainable growth and governance.
Source: Inc42
2mo ago
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