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...
10 May, 2023, 11.12 AM IST
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.
14 Mar, 2023, 05.14 PM IST
Former Nykaa CFO Arvind Agarwal to take over as chief financial officer of PayU IndiaConfirming the development, a PayU spokesperson said: “We are excited to welcome Arvind to our leadership team at this opportune time with ...
25 Nov, 2022, 07.19 PM IST
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...
23 Nov, 2022, 08.52 PM IST
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...
04 Oct, 2022, 08.13 PM IST
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 ...
04 Oct, 2022, 01.41 PM IST
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...
04 Oct, 2022, 11.45 AM IST
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...
04 Oct, 2022, 12.47 AM IST
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...
03 Oct, 2022, 07.16 PM IST
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...
06 Sep, 2022, 01.50 PM IST
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...
26 Apr, 2022, 06.00 AM IST
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...
22 Feb, 2022, 12.07 PM IST
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...
02 Sep, 2021, 03.48 PM IST
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 ...
01 Sep, 2021, 11.40 AM IST
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...
01 Sep, 2021, 10.23 AM IST
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 ...
01 Sep, 2021, 09.00 AM IST
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.
31 Aug, 2021, 10.09 PM IST