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PROSUS BILLDESK DEAL
BillDesk reports slight growth in revenue, fall in profit in FY23BillDesk's operational revenue increased to Rs 2,678 crore for FY23, with net profit at Rs 141.9 crore. Entrackr reported the financials, h...- Prosus agrees to sell part of PayU to Rapyd for $610 millionProsus NV plans to sell part of its emerging-markets financial technology company PayU to Israel’s Rapyd for $610 million.
- 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.
- Prosus to explore divestments from fintech arm PayUProsus NV is exploring potential divestments from its emerging-markets financial technology company PayU, according to people familiar with...
- Digital payments service BillDesk's profit declines 39% to Rs 149 crore, revenue grows to Rs 2,442 crore in FY22Total consolidated revenues for the BillDesk’s parent stood at Rs 2,513.8 crore for FY22, company filings showed.
- 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 dropped $4.7B BillDesk buy; deal had $50-100M breakup feeThe merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value ...
- 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 drops $4.7B BillDesk deal; revisit the biggest failed ‘tech-overs’ everProsus, the global investment arm of South African multinational Naspers, has cancelled a $4.7 billion deal to buy Indian payments firm Bil...
- 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...
- Indian trio reap $500 million each selling payments startupIn an age where every funding round is touted in press statements and staff parties, Prosus-owned PayU found itself having to take complete...
- 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...
- BillDesk cofounder on Prosus deal; pre-IPO boost for PaytmBillDesk, the Indian fintech firm that predates the word 'fintech', will soon be acquired by global tech investor Prosus in a $4.7 billion ...
- 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.
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