BillDesk Share Price

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Company Overview:

• BillDesk is a leading electronic payment gateway company in India. Payment Aggregator means that it has direct integrations with banks and other payment networks. BillDesk provides a wide range of payment solutions to businesses of all sizes, including online and offline payments, recurring payments, and bill payments.
• BillDesk started its journey by offering banks a platform that enabled their customers to view their bills and make payments from the comfort of their homes. Ever since BillDesk Bill Pay has evolved as the dominant way users view and pay bills from their banks, kiosks, and customer apps. BillDesk BillPay emerged as one of the largest bill payment ecosystems in the world.
• BillDesk's clients include some of the largest and most well-known companies in India, such as Tata Group, Reliance Industries, and HDFC Bank. BillDesk also processes payments for a large number of government agencies and educational institutions.
  
• In 2001, BillDesk received its first investment from SIDBI Venture Capital Ltd and Bank of Baroda. In 2006, Clearstone Venture Partners and State Bank of India jointly invested $7.5 million in the company. In 2012, US-based PE firm TA Associates made an undisclosed investment in BillDesk.
  
• In 2015, BillDesk received an investment of US$200 million from General Atlantic and Temasek Holdings thereby giving the company a total valuation of USD 1 billion dollars. General Atlantic remains the largest shareholder in the company, with 35% ownership in the company.
  
• In August 2021, PayU announced that it would acquire BillDesk for $4.7 billion in an all-cash deal, which would make it the largest fintech acquisition in India. However, the deal was terminated in October 2022.
  
• BillDesk was founded by Indian entrepreneurs M.N. Srinivasu, Ajay Kaushal, and Karthik Ganapathy in 2000, with its registered office on the 10th Floor, Supreme Chambers, 17/18 Shah Industrial Estate, Off Veera Desai Road, Andheri West, Mumbai - 400 053.