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Finance

Dutch Prosus buys Indian online payments giant BillDesk for $4.7bn

Deal will involve merging with PayU, which is already present in 20 markets

Netherlands-based Prosus is buying Indian online payments company BillDesk. (Source photos by Reuters and screenshot from BillDesk's website)

MUMBAI -- Dutch technology company Prosus has struck a deal to buy leading Indian payment gateway BillDesk for $4.7 billion, expanding the presence of its payments business PayU in the thriving local fintech space.

In the deal announced on Tuesday, Prosus will buy all of BillDesk which had been backed by marquee investors including Temasek Holdings, Visa, General Atlantic, Clearstone Venture, and TA Associates. Prosus will combine BillDesk with PayU.

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