Visa has contributed to an $85m funding round in BillDesk, despite reports last year that suggested the corporate could provide as much as $300m.
India-based mobile wallet provider BillDesk has received more than Rs6bn ($85m) in a round led by payment processing firm Visa, Entrackr reported yesterday.
Singaporean state-owned investment firm Temasek also participated in the round through its Claymore Investments subsidiary.
The round comes three months after reports that Visa had committed $200m in direct investment and between $80m and $100m as a secondary purchase. At the time, BillDesk was said to have achieved a valuation of $1.8bn.
Founded in 2000, BillDesk…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
