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PayU acquires BillDesk for $4.7 bn in one of largest Indian fintech deals

The latest deal is happening when the Indian payments segment is seeing huge traction

Topics
PayU | Fintech sector | Fintech start-ups

Shivani Shinde  |  Mumbai 



Digital transactions
This acquisition brings Prosus's investement into India to $10 billion. So far it has invested $6 billion in the Indian tech ecosystem.

Prosus-backed fintech firm is set to acquire India’s earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India’s digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa.

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First Published: Tue, August 31 2021. 12:40 IST

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