28-Mar-18, Deal Street Asia
Payments gateway BillDesk has held talks to explore a sale, as its private equity investors are seeking an exit amid increasing interest in the payments market.
%20Bruce%20Mars_Pexels.jpeg "Temasek backed payments gateway BillDesk eyes sale at up to USD2 bn (c) Bruce Mars Pexels")
Image: Bruce Mars / Pexels
BillDesk has held sale talks with three payment giants - PayU, American Express and PayPal. BillDesk is seeking a valuation of USD1.5-2 bn but talks with all three firms fell through because of valuation differences.
Backed by PE firms TA Associates and General Atlantic as well as venture capital firm Clearstone Venture and Singapore’s state-held firm Temasek Holdings, BillDesk will continue to operate independently.