Monday, November 19, 2018

Visa invests $250 million in Billdesk at $1.5 - 2 billion valuation

Mumbai-based payments gateway BillDesk has raised an undisclosed amount of funding from global payments technology company Visa to develop new product lines for its payments and loyalty businesses and also expand its footprint into other geographies.
In a media statement, Visa noted that the investment is not expected to have any direct bearing on its existing Indian business.
The development comes after reports of June 2018, which said that Visa may lead  a fresh funding round of $250 Mn for BillDesk, at a valuation of $1.5-2 Bn.

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