PayU Delays IPO Plan to Next Fiscal Year

- Digital payment platform **PayU** has deferred its IPO plan to the next fiscal year. - The company had previously planned to go public in H2 2024, but has now extended this timeline. - **PayU** regained its payment aggregator license in April this year after it was returned by the RBI due to its complex corporate structure. - The company has a base of over 500,000 merchants in India and generates over $60 billion in annualized transaction volume. - Despite a slow revenue growth and slipping into losses, **PayU** is eyeing profitability and has laid off around 100 employees from its credit team. Source: [Entrackr](https://entrackr.com/2024/10/exclusive-payu-defers-ipo-plan-to-next-fiscal-year/)