Media reports have said Paytm, which will soon come up with its initial public offering (IPO), is also evaluating BillDesk
Naspers-backed fintech firm PayU has started talks to acquire domestic payment gateway major BillDesk, and the deal size could be in the range of $3-4 billion, sources in the know said.
“BillDesk has been open to being acquired for some time now, but in the past, the valuations that the company was seeking proved to be a hurdle,” said a source. “Three years ago too, PayU had approached BillDesk for an acquisition, but things didn’t go ahead due to high valuations. BillDesk had asked for $2-billion value than,” said the source.
“If the deal happens, it will be a shot in the arm for PayU, which will be able to capture the entire end-to-end payments ecosystem,” said a partner at a venture capital fund with investments in several fintech start-ups.
Messages sent to PayU did not elicit any response, while BillDesk could not be reached.
Media reports have said Paytm, which will soon come up with its initial public offering (IPO), is also evaluating BillDesk.
“Billdesk is a very profitable and well-managed company. Its foray in the government segment is the strongest and has an enviable technology back-end. Whoever acquires it will be surely getting access to good business,” said another source from the fintech industry.
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