PayU In Talks To Acquire BillDesk In What Could Be The Second-Largest Internet Deal In India After Walmart-FlipkartSource: Official Website

India may soon witness its second-largest acquisition deal in the fast-growing internet-based solutions with Naspers-backed PayU likely to acquire payments gateway major BillDesk, reports Moneycontrol.

BillDesk provides a single versatile, scalable payments platform for enterprise-wide electronic payments and collections, related reconciliation and settlement operations, across multiple delivery channels and using a wide range of payment methods.

PayU is one of the multiple suiters who are said to be in the race to acquire BillDesk in a transaction that could take place at a premium valuation of as much as $3.5-4.5 billion. Though nothing has been finalised as of yet.

The acquisition of BillDesk at such valuations would provide a handsome exit to the founders as well as to the existing private equity investors Temasek and General Atlantic.

Meanwhile, the largest such deal so far remains United States (US)-based Walmart's $16 billion acquisition of Flipkart's majority shareholding. Flipkart was founded by Sachin Bansal and Binny Bansal who no longer remain a part of the company's active management.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber