Bill Junction To Rope In 3rd Investor This Year

Bill Junction Payments, a 95 per cent subsidiary of ICICI Venture, is looking at roping in an additional strategic investor into the company within the current fiscal.

Currently, the company consists of two main shareholders, with Rediff.com holding the balance 5 per cent.

Bill Junction Payments was started as a division of ICICI in September 2000. It was then spun off into a separate company with ICICI Venture holding the total equity. Rediff.com was inducted as a strategic partner subsequently.

Bikramjit Sen, chief operating officer, Bill Junction Payments, said: