PayU plans to raise up to $300 Mn ahead of IPO: Report

Prosus-backed payments company PayU is said to be exploring a $300 million fundraise by offloading a minority stake. As per a Moneycontrol report, the firm has engaged HSBC as its banking partner for the deal, which is still at an early stage.

The fundraise comes ahead of a plan to list on Indian stock exchanges, with the minority stake sale being planned to gauge investor demand and set a valuation benchmark for PayU’s initial public offering (IPO), which is likely in 2026.

In March, PayU acquired a 43.5% strategic stake in Mindgate Solutions, a…