Prosus buys India’s BillDesk

The technology investor says the Indian payments platform will complement its PayU business

Technology investor Prosus said on Tuesday it had agreed to buy Indian payments platform BillDesk for $4.7bn to complement its own PayU business.

BillDesk, one of India’s largest payment platforms, had 2.71-billion Indian rupees in after-tax net profit for the year to end-March 31 2021, Prosus said.

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