Visa has provided a reported $200m in equity funding for bill payment platform BillDesk and bought up to $100m worth of shares in a secondary transaction.

Payment processing firm Visa has invested up to $300m in India-based mobile wallet provider BillDesk at a valuation of $1.8bn, according to the Economic Times.

Visa did not confirm financial details but a person familiar with the matter told ET the deal consisted of approximately $200m in direct investment and between $80m and $100m as a secondary purchase.

Founded in 2000, BillDesk operates an online payment and loyalty platform that enables customers to pay bills by linking their existing bank…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.