Billdesk Revenue, Valuation, Funding & Investors

Billdesk is valued at $1.8B as of November 2018, a 18.2x multiple on its last reported $99M revenue.

Last Billdesk valuation

$1.8B

Strategic investment · Nov 2018

Last Billdesk funding round

$84M

Strategic investment · Nov 2018

Billdesk revenue

$99M

Strategic investment · Nov 2018

Key investors in Billdesk

  • Temasek
  • General Atlantic
  • March Capital
  • TA Associates
  • Visa
  • Clearstone Venture Partners

Billdesk Overview

About Billdesk

Billdesk builds payment gateways and APIs for digital transactions in India, processing bill payments, merchant acquiring, and UPI collections. The platform serves banks, enterprises, and consumers with secure electronic payment management across retail and utilities.


Founded

2000

HQ

IndiaMumbai

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Revenue

$99M (Nov 2018)

Valuation

$1.8B (Nov 2018)

Billdesk Valuation

Billdesk is currently valued at $1.8B, based on its strategic investment round in November 2018.

The $84M round was led by Visa, with participation from Temasek, Clearstone Venture Partners, General Atlantic and TA Associates.

Billdesk's valuation has grown 2.3x from $800M at its secondary sale in March 2016 to $1.8B in November 2018, across 2 priced rounds.

Billdesk valuation by funding round

Revenue multiple
Billdesk valuation by funding round
DateStageValuationRevenue Multiple
Nov 2018Strategic investment$1.8B18.2x
Mar 2016Secondary$800M3.2x

Billdesk Revenue

Billdesk's latest recorded revenue is $99M, as of its strategic investment round in November 2018. At a $1.8B valuation, that implies a 18.2x revenue multiple.

Revenue moved from $250M in March 2016 to $99M in November 2018, while the revenue multiple moved from 3.2x to 18.2x.

Billdesk revenue by funding round

Billdesk revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Nov 2018$99M$1.8B18.2xStrategic investment
Mar 2016$250M$800M3.2xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Billdesk Funding History

Billdesk has raised a total of $84M across 1 funding round, plus 1 secondary share sale.

Billdesk funding rounds

Billdesk funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2018Strategic investmentVisa (lead); Temasek; Clearstone Venture Partners; General Atlantic; TA Associates$84M$1.8BBilldesk is a Mumbai-based digital payments company providing electronic transaction processing services, payment gateways, and bill payment solutions to banks, e-commerce firms, telecom operators, and utilities across India. It enables online payments via net banking and cards, partnering with billers in 33 locations including electricity and DTH providers, and competes with CCAvenue, PayU, Razorpay, and Citrus Pay. In November 2018, Visa made its first investment in India by acquiring a minority stake in Billdesk, with existing investors including General Atlantic, TA Associates, Clearstone Venture Partners, and Temasek Holdings. The deal valued Billdesk as high as $1.8 billion, marking it as a unicorn, amid reports of a potential $250 million round at $1.5-2 billion valuation. The investment aims to develop new products for payments and loyalty businesses and expand geographically. For FY18 (year ended March 31, 2018), Billdesk reported revenue from operations of Rs 929 crore, up 40% year-over-year, with profit at Rs 148 crore, up 15%, per Ministry of Corporate Affairs filings. Another filing cited consolidated operational revenue at Rs 1,102.8 crore, up 22.6%. The company processed nearly $50 billion in payments annually as of November 2018 and had obtained RBI in-principle approval as a Bharat Bill Payment Operating Unit. Billdesk, founded in 2000 by former Arthur Andersen employees, had previously acquired Loylty Rewardz for $20 million in 2015 and expanded through partnerships like BharatQR with Visa. By 2018, it reached over 700 towns across 19,000 pin codes, showing strong growth despite merchant discount rate pressures, with employee costs rising to Rs 43 crore.
Mar 2016SecondaryGeneral Atlantic (lead); Temasek; March Capital$150M$800MBillDesk is an India-based online payments gateway founded in 2000, providing bill settlement, credit and debit card transactions, and serving major banks and telecom firms including State Bank of India, HDFC Bank, ICICI Bank, MTNL, and Vodafone. In March 2016, General Atlantic led an investment by acquiring a 20% stake from existing investors TA Associates and Clearstone Capital for $120 million, implying a company valuation of $800 million. Temasek Holdings and March Capital also participated as investors around this period. Prior to this transaction, BillDesk had raised funding from Clearstone Venture Partners and State Bank of India ($7.5 million in 2006), TA Associates (undisclosed minority stake in 2012), and initial backers SIDBI Venture Capital and Bank of Baroda in 2001. The company had steadily grown its payments processing business amid India's e-commerce landscape.

Who has invested in Billdesk?

6 investors have backed Billdesk across its funding rounds, including Temasek, General Atlantic, March Capital, TA Associates, Visa and Clearstone Venture Partners.

Lead investors include Visa and General Atlantic.


Billdesk Investors

Investors in Billdesk by funding rounds participated
InvestorHQRoundsRoleFirst check
TemasekSingaporeSingapore2ParticipantMar 2016
General AtlanticUnited StatesNew York City, NY2LeadMar 2016
Clearstone Venture PartnersUnited StatesLos Angeles, CA1ParticipantNov 2018
March CapitalUnited StatesLos Angeles, CA1ParticipantMar 2016

This data is available for Pro users. Sign up to see all 6 Billdesk investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Billdesk

Billdesk has acquired 1 company to date.

Last acquisition by Billdesk was on February 25th 2026. Billdesk acquired Worldline India for $72M.


Latest Acquisitions by Billdesk

Worldline India
Description
Worldline India delivers payment processing solutions including gateways, POS terminals, merchant acquiring, and e-payments for banks, retailers, and e-commerce in the region.
HQ CountryIndia
HQ City
-
Deal Date25 Feb 2026
Valuation$72M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Billdesk acquisitions and their M&A valuation multiples.

Start Free Trial

Billdesk Competitors

Billdesk competitors include listed companies like Paymentus and Computer Age Management Services, and private ones like Dock, Juspay, Payhawk and Razorpay.

Public and private companies comparable to Billdesk
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DockBrazilSão PauloPrivate--$1.5B-
JuspayIndiaIndiaPrivate$55M-$1.2B19.7x
PayhawkBulgariaSofiaPrivate$45M-$1B-
PaymentusUnited StatesUnited StatesPublicly listed$1.2B$117M$4.6B3.0x
RazorpayIndiaBangalorePrivate$159M-$6.5B40.9x
Computer Age Management ServicesIndiaIndiaPublicly listed$158M$74M$1.8B10.5x

Billdesk Public Comps

Billdesk is still privately-owned, but its public comps include Computer Age Management Services, Evertec, Marqeta, eFinance, Flywire, Fawry, PicPay, Isracard, Optasia and Crane NXT.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Computer Age Management Services$158M$74M11.2x10.5x23.8x23.0x
Evertec$932M$330M3.0x2.7x8.6x6.8x
Marqeta$625M$14M1.5x1.4x69.6x7.1x
eFinance$130M$67M11.8x-22.8x-
Flywire$623M$45M3.0x2.6x41.8x11.9x
Fawry$166M$73M6.8x5.2x15.4x9.6x
PicPay$1.2B$205M1.0x0.5x6.0x3.8x
Isracard$1.2B$48M1.9x-49.8x-

This data is available for Pro users. Sign up to see all Billdesk competitors and their valuation data.

Start Free Trial

Common questions about Billdesk

When was Billdesk founded?Billdesk was founded in 2000.
Where is Billdesk headquartered?Billdesk is headquartered in Mumbai, India.
Is Billdesk publicly listed?No, Billdesk is a private, VC-backed company.
What is Billdesk's valuation?Billdesk was last valued at $1.8B in its strategic investment round in November 2018.
How much funding has Billdesk raised?Billdesk has raised $84M across 1 funding round.
What was Billdesk's last funding round?Billdesk's last funding round was a $84M strategic investment round in November 2018, led by Visa.
Who are Billdesk's investors?Billdesk's investors include Temasek, General Atlantic, Clearstone Venture Partners, March Capital, Visa and TA Associates.
What is Billdesk's revenue?Billdesk's latest recorded revenue is $99M (November 2018).
What is Billdesk's revenue multiple?Billdesk's latest valuation implies a 18.2x revenue multiple ($1.8B valuation on $99M of revenue).
Which companies are comparable to Billdesk?Companies comparable to Billdesk include Dock, Juspay, Payhawk, Paymentus, Razorpay and Computer Age Management Services.
How many companies has Billdesk acquired?Billdesk has acquired 1 company, including Worldline India.
What was the largest acquisition by Billdesk?The $72M acquisition of Worldline India in February 2026 is the largest acquisition Billdesk has made to date.

See companies similar to Billdesk

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial