India: Temasek-backed payments gateway BillDesk eyes sale at up to $2b valuation

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Payments gateway BillDesk has held talks to explore a sale, as its private equity (PE) investors are seeking an exit amid increasing interest in the payments market, three people familiar with the matter said.

BillDesk (IndiaIdeas Com Ltd) has held sale talks with three payment giants—PayU, American Express and PayPal—the people cited above said. BillDesk is seeking a valuation of $1.5-2 billion but the potential buyers have been unwilling to meet its asking price, the people cited above said on condition of anonymity. Talks with all three firms fell through because of valuation differences, they added.

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