BillDesk is an Indian online payment gateway company based in Mumbai.[6] The company provides an online payment platform for its clients which enables banking and merchant website transactions.[7][8][9]
BillDesk was founded by Indian entrepreneurs M.N. Srinivasu, Ajay Kaushal and Karthik Ganapathy in 2000.[10] The three previously worked at American accounting firm Arthur Andersen LLP.[11]
In 2012, US-based PE firm TA Associates made an undisclosed investment in BillDesk.[13]
In 2015, BillDesk received an investment of US$200 million from General Atlantic and Temasek Holdings thereby giving the company a total valuation of USD 1 billion dollars.[11] General Atlantic remains the largest shareholder in the company, with 35% ownership in the company.[14]
In August 2021, PayU announced that it would acquire BillDesk for $4.7 billion in an all-cash deal, which would make it the largest fintech acquisition in India.[15][16] However, the deal was terminated in October 2022.[17]
Businessedit
As of 2015, the company is worth USD 1 billion.[18] Sanjeev Krishan, leader (transaction services and private equity) at PwC India estimated that in the year 2015, 70% of India's online billing transactions were conducted through BillDesk.[13]
BillDesk is a financially independent company and is monitored as a participant under the Payments and Settlements Systems Act, 2007 (Act 51 of 2007) that is regulated and supervised by the Reserve Bank of India.[19]
^ abManchanda, Gaurav Tyagi & Kunal (21 February 2022). "Billdesk's income crosses Rs 2,100 Cr in FY21, profit grows to Rs 246 Cr". Entrackr. Retrieved 13 October 2022.
^Sharan, Gunja (26 April 2022). "PayU India Submits Revised Merger Notification To CCI For $4.7 Bn BillDesk Deal". Inc42 Media. Retrieved 13 October 2022.
^"Indiaideas Com Ltd". Bloomberg. Retrieved 13 October 2022.
^"BillDesk: The Payments Pioneer". Forbes India. Retrieved 10 February 2023.
^"BillDesk acquires fintech payment product". VCCircle. Retrieved 10 February 2023.
^"BillDesk Drops Expenses By 77% In FY18, Increases Net Profit By 15%". Inc42.
^Laskar, Anirudh (5 July 2020). "BillDesk plans to sell-off business for $2.5 billion". mint. Retrieved 22 November 2021.
^"NSE, BillDesk backer TA Associates amasses $16.5 bn for new PE fund". VCCircle. Retrieved 2024-03-10.
^. Tech2. 2006-09-04. Archived from the original on 2016-12-20. Retrieved 2016-10-12.
^ ab"BillDesk to raise $200 million at $1 billion value | Gadgets Now". Gadget Now. Retrieved 2016-10-12.
^"Cryptic World: Billdesk Launches India's First Crypto-currency Exchange". Moneycontrol.com. Retrieved 22 November 2021.
^ abcdBalakrishnan, Reghu (2015-10-30). "General Atlantic, Temasek set to invest Rs1,000 crore in BillDesk". livemint.com. Retrieved 2016-10-12.
^Manikandan, Ashwin; Shukla, Saloni (April 2021). "BillDesk strikes it rich amid payments crisis". The Economic Times. Retrieved 22 November 2021.
^Shinde, Shivani (31 August 2021). "PayU acquires BillDesk for $4.7 bn in one of largest Indian fintech deals". Business Standard India. Retrieved 22 November 2021.
^"Explained: Why a Dutch company is buying BillDesk for $4.7 billion". The Indian Express. 1 September 2021. Retrieved 22 November 2021.
^Prosus terminates PayU's $4.7 billion acquisition of BillDesk
^. iamwire. 2015-10-30. Archived from the original on 2017-01-18. Retrieved 2016-10-12.
billdesk, indian, online, payment, gateway, company, based, mumbai, company, provides, online, payment, platform, clients, which, enables, banking, merchant, website, transactions, company, typeprivateindustryfinancefounded2000, years, 2000, founderm, srinivas. BillDesk is an Indian online payment gateway company based in Mumbai 6 The company provides an online payment platform for its clients which enables banking and merchant website transactions 7 8 9 BillDeskCompany typePrivateIndustryFinanceFounded2000 24 years ago 2000 FounderM N SrinivasuAjay KaushalKarthik GanapathyHeadquartersMumbai Maharashtra IndiaArea servedIndiaServicesPayment platformE commerce payment systemBill paymentRevenue 2 124 crore US 270 million FY 2021 1 Net income 245 crore US 31 million FY 2021 1 ParentIndiaIdeas com Ltd 2 3 SubsidiariesLoylty Rewardz 4 Jocata 5 Websitewww wbr billdesk wbr com Contents 1 History 1 1 Fundraising 2 Business 3 See also 4 References 5 External linksHistory editBillDesk was founded by Indian entrepreneurs M N Srinivasu Ajay Kaushal and Karthik Ganapathy in 2000 10 The three previously worked at American accounting firm Arthur Andersen LLP 11 In 2017 BillDesk launched the first Indian cryptocurrency exchange called Coinome 12 Fundraising edit In 2001 BillDesk received its first investment from SIDBI Venture Capital Ltd and Bank of Baroda 13 In 2006 Clearstone Venture Partners and State Bank of India jointly invested 7 5 million in the company 13 In 2012 US based PE firm TA Associates made an undisclosed investment in BillDesk 13 In 2015 BillDesk received an investment of US 200 million from General Atlantic and Temasek Holdings thereby giving the company a total valuation of USD 1 billion dollars 11 General Atlantic remains the largest shareholder in the company with 35 ownership in the company 14 In August 2021 PayU announced that it would acquire BillDesk for 4 7 billion in an all cash deal which would make it the largest fintech acquisition in India 15 16 However the deal was terminated in October 2022 17 Business editAs of 2015 the company is worth USD 1 billion 18 Sanjeev Krishan leader transaction services and private equity at PwC India estimated that in the year 2015 70 of India s online billing transactions were conducted through BillDesk 13 BillDesk is a financially independent company and is monitored as a participant under the Payments and Settlements Systems Act 2007 Act 51 of 2007 that is regulated and supervised by the Reserve Bank of India 19 See also editInfibeam Avenues e commerce in India Payment and settlement systems in IndiaReferences edit a b Manchanda Gaurav Tyagi amp Kunal 21 February 2022 Billdesk s income crosses Rs 2 100 Cr in FY21 profit grows to Rs 246 Cr Entrackr Retrieved 13 October 2022 Sharan Gunja 26 April 2022 PayU India Submits Revised Merger Notification To CCI For 4 7 Bn BillDesk Deal Inc42 Media Retrieved 13 October 2022 Indiaideas Com Ltd Bloomberg Retrieved 13 October 2022 BillDesk The Payments Pioneer Forbes India Retrieved 10 February 2023 BillDesk acquires fintech payment product VCCircle Retrieved 10 February 2023 BillDesk Drops Expenses By 77 In FY18 Increases Net Profit By 15 Inc42 Laskar Anirudh 5 July 2020 BillDesk plans to sell off business for 2 5 billion mint Retrieved 22 November 2021 Singh Ritu 2023 08 30 BillDesk co founder highlights fintech s rapid innovation amp free digital payments boost amid pandemic CNBCTV18 Retrieved 2024 03 10 NSE BillDesk backer TA Associates amasses 16 5 bn for new PE fund VCCircle Retrieved 2024 03 10 BillDesk To Boost Mobile Billing In India Tech2 Tech2 2006 09 04 Archived from the original on 2016 12 20 Retrieved 2016 10 12 a b BillDesk to raise 200 million at 1 billion value Gadgets Now Gadget Now Retrieved 2016 10 12 Cryptic World Billdesk Launches India s First Crypto currency Exchange Moneycontrol com Retrieved 22 November 2021 a b c d Balakrishnan Reghu 2015 10 30 General Atlantic Temasek set to invest Rs1 000 crore in BillDesk livemint com Retrieved 2016 10 12 Manikandan Ashwin Shukla Saloni April 2021 BillDesk strikes it rich amid payments crisis The Economic Times Retrieved 22 November 2021 Shinde Shivani 31 August 2021 PayU acquires BillDesk for 4 7 bn in one of largest Indian fintech deals Business Standard India Retrieved 22 November 2021 Explained Why a Dutch company is buying BillDesk for 4 7 billion The Indian Express 1 September 2021 Retrieved 22 November 2021 Prosus terminates PayU s 4 7 billion acquisition of BillDesk Online Payment Service Provider BillDesk Bags 200M from General Atlantic iamwire 2015 10 30 Archived from the original on 2017 01 18 Retrieved 2016 10 12 BillDesk Quadlabs com Retrieved 2016 10 12 External links editOfficial website Retrieved from https en wikipedia org w index php title BillDesk amp oldid 1220969614, wikipedia, wiki, book, books, library,
