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Last valued at $520 million in July 2022, the neobanking company s revenue came in at Rs 1.27 crore in FY21 and Rs 25.6 crore in FY22, data from PrivateCircle shows
From being an early player offering online payments to internet companies back in 2011, to facing severe competition from new-age startups such as Paytm and Razorpay, to a failed attempt to acquire Billdesk and facing a merchant acquisition embargo from the Reserve Bank of India, PayU has had a chequered history in India.