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PAYU BILLDESK
Billdesk to acquire Worldline’s India operations; deal values business at $70 millionBilldesk is set to acquire the India payments business of French payment giant Worldline for an estimated equity value of $70 million. In a...
PayU receives RBI’s in-principle nod to operate as a payment aggregatorIn 2022, the central bank had banned payment aggregators, including PayU, and restricted them from onboarding new merchants to its platform.
PayU India income rises to $399 million, revenue growth slowsEven as overall income saw a bump, PayU India’s revenue growth rate slowed from the 42% witnessed in FY22.
Swiggy, PayU seeing strong growth, says Prosus; Sebi move jolts fund industryProsus, the Dutch-listed arm of South African technology investor Naspers, said on Wednesday that Swiggy and PayU, its food-delivery and pa...
PayU reports over 50% jump in revenue, clocks net profit of Rs 126 crorePayU had reported Rs 1,415.67 crore in consolidated revenues for the fiscal year ending March 31, 2021 (FY21). It had also reported net los...
Prosus may have saved $50-$100 million in BillDesk deal breakup feeA breakup fee is a predetermined penalty that a buyer typically pays if it walks away from a transaction. A long stop date is the date by w...
Transaction declined: why Prosus scrapped the $4.7 billion PayU-BillDesk dealIn a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled b...
PayU calls off $4.7 bn acquisition of BillDeskProsus, the global investment arm of South African multinational Nasper, had on August 31 last year announced acquisition of BillDesk in an...
Prosus cans $4.7 billion BillDesk deal: here are the biggest failed ‘tech-overs’ everProsus’s $4.7 billion deal to buy BillDesk would have been one of the largest ever in India's technology sector, but how does it compare wi...
CCI clears PayU’s $4.7 billion BillDesk acquisition after a yearThe deal-- pegged as the second-largest buyout in the Indian internet sector after Walmart’s $ 16 billion acquisition of ecommerce major Fl...
PayU India submits revised merger notification to CCI on BillDesk dealAccording to the revised notification, the Prosus-backed multinational said that “the proposed transaction will not cause any appreciable a...
CCI seeks more info to clear mega PayU-BillDesk deal“CCI has not questioned the merits of the proposed transaction, but requested for additional information, as of now,” said a one person dir...
PayU's LazyPay launches credit product 'LazyCard' amid growing competition in BNPL spacePayU’s ‘buy now pay later’ (BNPL) solution, LazyPay has partnered with SBM Bank India for the prepaid instrument, as the company looks to u...
Prosus-backed PayU to acquire Indian payments gateway firm BillDesk for $4.7 billionThis will be one of the largest acquisitions in India’s digital payments space and by far the biggest move to consolidate the fast-growing ...
Exclusive: Prosus deal adds to our heft, gives us necessary growth capital, says BillDesk cofounderBillDesk, founded in the year 2000 by MN Srinivasu, Ajay Kaushal and Karthik Ganapathy, has been acquired by global technology investor Pro...
Wall St boutique PJT Partners joins Indian M&A sweepstakes with PayU-BillDesk dealThe six-year-old firm had roped in former Citi India CEO Pramit Jhaveri as senior advisor to help grow base.
Paytm in exploratory talks with three payment gateway firms: SourcesPaytm is exploring a deal around the time when it is also looking at raising about $3 billion (about ₹21,900 crore) from capital markets th...
PayU India sees revenue nearly double to Rs 588 crore in FY18Firm claims 50% market share in ecommerce payments on the back of scaling ops and LazyPay launch.
Billdesk’s revenue for FY18 rises 40% to Rs 929 cr, profit up 15%Payments company Billdesk, which recently crossed the $1-billion valuation mark, posted a 40% increase in revenue from operations and 15% g...
Visa may invest in BillDesk, valuing co at $1.5-2 billionFor Visa, an investment in BillDesk would help the American firm cement its position in the payments ecosystem in India.