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- Billdesk
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
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
Website
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2018 | Strategic investment | $1.8B | 18.2x |
| Mar 2016 | Secondary | $800M | 3.2x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2018 | $99M | $1.8B | 18.2x | Strategic investment |
| Mar 2016 | $250M | $800M | 3.2x | Secondary |
* 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2018 | Strategic investment | Visa (lead); Temasek; Clearstone Venture Partners; General Atlantic; TA Associates | $84M | $1.8B | Billdesk 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 2016 | Secondary | General Atlantic (lead); Temasek; March Capital | $150M | $800M | BillDesk 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Mar 2016 | ||
| 2 | Lead | Mar 2016 | ||
| 1 | Participant | Nov 2018 | ||
| 1 | Participant | Mar 2016 | ||
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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 TrialAcquisitions 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
| 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 Country | |
| HQ City | - |
| Deal Date | 25 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.5B | - | ||
| Private | $55M | - | $1.2B | 19.7x | ||
| Private | $45M | - | $1B | - | ||
| Publicly listed | $1.2B | $117M | $4.6B | 3.0x | ||
| Private | $159M | - | $6.5B | 40.9x | ||
| Publicly listed | $158M | $74M | $1.8B | 10.5x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $158M | $74M | 11.2x | 10.5x | 23.8x | 23.0x | |||
| $932M | $330M | 3.0x | 2.7x | 8.6x | 6.8x | |||
| $625M | $14M | 1.5x | 1.4x | 69.6x | 7.1x | |||
| $130M | $67M | 11.8x | - | 22.8x | - | |||
| $623M | $45M | 3.0x | 2.6x | 41.8x | 11.9x | |||
| $166M | $73M | 6.8x | 5.2x | 15.4x | 9.6x | |||
| $1.2B | $205M | 1.0x | 0.5x | 6.0x | 3.8x | |||
| $1.2B | $48M | 1.9x | - | 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. |
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