Prosus India revenue up; Redefining mental wellbeing

Hello,

Online brokerage firm Zerodha has applied to capital markets regulator Sebi for a merchant banking licence as it looks to expand its financial services offerings.

If the licence is granted, Zerodha will be able to manage Initial Public Offerings (IPOs), advise companies on fund raising, and offer other merchant banking services, PTI reports. The company currently has over 1.6 crore customers, who place billions of orders every year.

ICYMI: While the mention of Blackberry might conjure bulky phones with QWERTY keypad, the company is making a major comeback in the next-gen AI segment. 

Elsewhere, South Korea has unveiled plans to spend about $880 billion to build the country's chip manufacturing and artificial intelligence (AI) capabilities in the coming years. The investment comes at a time when its regional rivals such as Taiwan, China and Japan are investing heavily in chip factories, BBC reported.

Lastly, this year’s FIFA World Cup has shown that marketing doesn’t entirely depend on sponsor tie ups. In a bizarre turn of events, the non-sponsoring brands have ended up getting more marketing traction during the games rather than the official sponsors. 

In today’s newsletter, we will talk about 

• Prosus India revenue up
• Redefining mental wellbeing

Here’s your trivia for today: What was the name of the first concert tour that crossed $2 billion in ticket sales?

News

Prosus India revenue up

Global investor Prosus, whose portfolio companies in India include the likes of Swiggy, Meesho, and Rapido, saw its revenue grow by 13% for FY26 to touch $781 million driven by fintech platform Pay U.

Key takeaways:

• The report from Prosus noted that at $18 million, Pay U turned EBITDA positive for the first time.
• Pay U processed $90 billion of total payment value (TPV) in FY26. The fintech company’s primary revenue driver was the payment segment which rose 10% to reach $577 million contributing 74% of the total revenue.
• According to the report, PayU leveraged the Mindgate acquisition to build a proprietary third-party application provider stack and person-to-merchant switch.

Social impact

Redefining mental wellbeing

Sarmistha Mazumder, founder of With Mindfully Sorted, is redefining mental wellness through immersive retreats and mindful travel experiences that encourage women to invest in themselves.

Key takeaways

• Mindfully Sorted has organised more than 40 retreats for over thousand women across Goa, Rishikesh, Coorg, Chikkamagaluru, and Jim Corbett in Uttarakhand.
• The Emotional First Aid certification programme, which trained participants to be the first line of support for people in distress, certified more than 500 people, around 80-90% of whom were women. 
• The majority of participants are in the 35–40 age group and above. The oldest woman to attend a retreat was 85 years old.

News & updates

• Affordable fragrances: French cosmetics giant L'Oreal is ​expanding into mass-market mists, Reuters reported citing sources, as the group taps strong demand from younger consumers ‌for affordable fragrances with an eye to K-Beauty trends.
• High tax: Customers in the EU will have to pay 3 euros for parcels received from outside of the union. The European Commission has said it hopes to prevent the “desertification” of Europe’s high streets via the tax on small parcels in an attempt to curb cheap Chinese imports.

What was the name of the first concert tour that crossed $2 billion in ticket sales?

Answer: Taylor Swift’s Eras

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