<article>Indian payment gateway <a href="http://dealstreetasia.com/tag/billdesk" target="_blank" rel="noopener">BillDesk</a>, operated by IndiaIdeas.com Ltd, has raised around Rs 602 crore ($85 million) from global payments processor <a href="http://dealstreetasia.com/tag/visa" target="_blank" rel="noopener">Visa Inc</a> and Singapore&#8217;s <a href="http://dealstreetasia.com/tag/temasek" target="_blank" rel="noopener">Temasek</a>.</article>

Indian payment gateway <a href="http://dealstreetasia.com/tag/billdesk" target="_blank" rel="noopener">BillDesk</a>, operated by IndiaIdeas.com Ltd, has raised around Rs 602 crore ($85 million) from global payments processor <a href="http://dealstreetasia.com/tag/visa" target="_blank" rel="noopener">Visa Inc</a> and Singapore&#8217;s <a href="http://dealstreetasia.com/tag/temasek" target="_blank" rel="noopener">Temasek</a>.
According to regulatory filings sourced by data platform paper.vc, Visa invested Rs 537 crore ($75.6 million) to pick up 246,000 equity shares, while Temasek put in Rs 65.4 crore ($9.2 million). This latest round, which was closed earlier this month, is estimated to give BillDesk a post-money valuation of $1.53 billion, propelling it to the elite unicorn club.
The latest disclosures come three months after Visa Inc announced that it was taking a minority stake in the Mumbai-based financial technology firm. It was earlier reported that Visa was looking to invest $250 million in BillDesk, valuing the company at around $1.5-2 billion.
Founded in 2000 by accounting firm Arthur Andersen’s employees Srinivasu, Kaushal and Karthik Ganapathy, Mumbai-based BillDesk claims to process digital payments worth over $60 billion a year. It provides customers with payment options, including credit cards and online wallets, to carry out purchases.
BillDesk&#8217;s other investors include General Atlantic, TA Associates and Clearstone Venture Partners. In 2016, General Atlantic had picked up a 20 per cent stake in BillDesk from its existing investors, valuing the company at around $800 million.
Visa’s investment will give Billdesk a strong foothold in the online merchant acquisition side of the business. Its competitors in this space include Naspers-backed PayU, CCAvenue, and younger startups like RazorPay. In 2017, Citrus Pay, a smaller rival of BillDesk, was bought for $120 million by PayU Global, the financial services arm of South Africa’s Naspers.
Last year, another rival of BillDesk, digital retail payments platform Pine Labs, raised $125 million from Temasek and PayPal. It is now said to be in talks to close another $75-million round.
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/visa-india-billdesk-111316/" target="_blank" rel="noopener">Visa takes minority stake in Indian payment gateway BillDesk</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-billdesk-sale-95096/" target="_blank" rel="noopener">India: Temasek-backed payments gateway BillDesk eyes sale at up to $2b valuation</a>

Indian payment gateway BillDesk, operated by IndiaIdeas.com Ltd, has raised around $85 million from global payments processor Visa Inc and Singapore’s Temasek.

Indian payment gateway BillDesk raises $85m from Visa, Temasek

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Indian payment gateway BillDesk raises $85m from Visa, Temasek

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