India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#349- Valuation
- ₹10,900 Cr
2022 #111 2021 #265
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About BillDesk
BillDesk is a Financial Services company based in Mumbai (India) founded in 2000 by Karthik Ganapathy, Ajay Kaushal, and Srinivasu M N. Provider of an online payment gateway platform. BillDesk has raised $185.7 million across 4 funding rounds from investors including Visa, Bank of Baroda and General Atlantic. The company has 750 employees. BillDesk has completed 2 acquisitions, including Jocata and Loylty Rewardz. BillDesk was last valued at $1.59 billion in February 2019. Its website billdesk.com draws about 21.1 million monthly visits. Its Indian entity Indiaideas Com Limited reported revenue of ₹2,446 Cr. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
BillDesk was founded in 2000 and is headquartered in Mumbai, India, within the fintech sector. Integrated payment solutions are provided to facilitate recurring and one-time transactions across digital modes including cards, eNACH, and UPI AutoPay. Services encompass online and international payments, tokenization, biller network integration, and payment aggregation for businesses operating on various platforms. Operations support seamless processing for merchants in multiple geographies.
Recognitions & Rankings of BillDesk
- Headquarters Mumbai, India
- Employees 750
- Founders Karthik Ganapathy, Ajay Kaushal, Srinivasu M N
- Stage Unicorn
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Email••••••••
- Website billdesk.com/web
- Social LinkedIn X
- Legal Name Indiaideas Com Limited
- Date of Incorporation 29 Mar, 2000
- Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Associated legal entities of BillDesk
BillDesk is associated with 2 registered companies on The Company Check; the primary company is Indiaideas Com Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indiaideas Com Limited CIN U72300MH2000PLC125441 | Active | 29 Mar 2000 | Mumbai, Maharashtra | ₹2,446 Cr | 742 | 10 | View details |
| Jodhpur Vidyut Vitran Nigam Limited CIN U40109RJ2000SGC016483 | Active | 19 Jun 2000 | Jodhpur, Rajasthan | ₹24,658 Cr | 2,597 | 11 | View details |
Funding Insights of BillDesk
BillDesk has successfully raised a total of $185.7M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $84.84 million completed in January 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $185.7M
- Total Rounds 4
- Last Round Series D — $84.84M
- Investors Count 15
All 4 funding rounds of BillDesk with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2019 | $84.84M | Series D | $1.59B | Visa | |
| Oct 2015 | $93.2M | Series C | $654.87M | General Atlantic | |
| Mar 2006 | $7.67M | Series B | $••••• | Clearstone Venture Partners, State Bank of India | |
| Jun 2001 | Seed | – | – |
Valuation history
| Date | Valuation | Stage |
|---|---|---|
| Jan 2019 | $1.59B | •••••••• |
| Oct 2015 | $654.87M | •••••••• |
| Mar 2006 | $••••• | •••••••• |
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Full valuation and stage history of BillDesk
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Last known valuation $1.59B (Feb 2019). 15 investors in total: 13 institutional and 2 angel.
Investors in BillDesk
BillDesk has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Visa, Bank of Baroda and General Atlantic.
All
Venture Fund
Institutional
Angel
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Early-stage US companies are invested in by Clearstone Venture Partners. | clearstone.com | Santa Monica, United States | ||
Private equity fund focused on global markets | 1980 | generalatlantic.com | New York, United States | |
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India | |
Venture capital firm investing in multiple sectors | marchcp.com | Santa Monica, United States | ||
Multiple sectors are invested in by private equity firm TA. | ta.com | Boston, United States | ||
Multiple sectors are invested in by ZAD through private equity. | zad.com.sa | Jeddah, Saudi Arabia | ||
Wealth is managed by LionRock Capital as a family office. | lionrock.com | Singapore, Singapore | ||
Digital payment solutions are offered to individuals and businesses. | 1958 | visa.com | San Francisco, United States | |
| onlinesbi.com |
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Investor details for BillDesk
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Board of directors of Indiaideas Com Limited (BillDesk)
Indiaideas Com Limited is the primary company behind BillDesk. The boards of the 2 registered companies of BillDesk currently have 18 directors; the longest-serving is Sumant Mandal, appointed in 2006. 96 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumant Mandal DIN 01298049 | Nominee Director | 29 Jun 2006 | 20 yrs 3 mo | Indiaideas Com Limited |
| Srinivasu Nagesvar Mallapragada DIN 01692982 | Whole-time director | 01 Oct 2009 | 17 yrs | Indiaideas Com Limited |
| Ajay Kaushal DIN 01605394 | Whole-time director | 01 Oct 2009 | 17 yrs | Indiaideas Com Limited |
| Rajan Jitendra Mehra DIN 00504892 | Nominee Director | 29 Mar 2011 | 15 yrs 7 mo | Indiaideas Com Limited |
| Dhiraj Poddar DIN 01946905 | Nominee Director | 23 Apr 2012 | 14 yrs 6 mo | Indiaideas Com Limited |
| Mohit Naresh Bhandari DIN 02528942 | Nominee Director | 14 Dec 2016 | 9 yrs 10 mo | Indiaideas Com Limited |
| Manju Agarwal DIN 06921105 | Director | 30 Mar 2019 | 7 yrs 7 mo | Indiaideas Com Limited |
| Balasubramanyam Sriram DIN 02993708 | Director | 31 Mar 2021 | 5 yrs 6 mo | Indiaideas Com Limited |
| Manoj Choudhary DIN 09785830 | Director | 09 Dec 2022 | 3 yrs 10 mo | Jodhpur Vidyut Vitran Nigam Limited |
| Arti Dogra DIN 02821192 | Nominee Director | 06 Sep 2024 | 2 yrs 1 mo | Jodhpur Vidyut Vitran Nigam Limited |
| Bhanwar Lal DIN 08767745 | Managing Director | 09 Oct 2024 | 2 yrs | Jodhpur Vidyut Vitran Nigam Limited |
| Om Prakash Seervi DIN 10932912 | Whole-Time Director | 17 Jan 2025 | 1 yr 9 mo | Jodhpur Vidyut Vitran Nigam Limited |
| Anand Agarwal DIN 06481297 | Additional Director | 25 Apr 2025 | 1 yr 6 mo | Indiaideas Com Limited |
| Hemant Kumar Das DIN 07279877 | Nominee Director | 14 May 2025 | 1 yr 5 mo | Jodhpur Vidyut Vitran Nigam Limited |
| Sidharth Sihag DIN 07466955 | Nominee Director | 23 Jun 2025 | 1 yr 4 mo | Jodhpur Vidyut Vitran Nigam Limited |
| Vijay Kishan Chhangani DIN 11194252 | Whole-time director | 30 Jun 2025 | 1 yr 3 mo | Jodhpur Vidyut Vitran Nigam Limited |
| Mohan Lal Kumawat DIN 07682898 | Nominee Director | 11 Sep 2025 | 1 yr 1 mo | Jodhpur Vidyut Vitran Nigam Limited |
| Tina Soni DIN 07720240 | Nominee Director | 12 Dec 2025 | 10 mo | Jodhpur Vidyut Vitran Nigam Limited |
People of BillDesk
9 people are tracked at BillDesk (5 in leadership, 4 in team); the tracked headcount is 750.
| Name | Role | Group |
|---|---|---|
Karthik Ganapathy | Co-Founder & VP | Leadership |
| Co-Founder & Director | Leadership | |
Srinivasu M N | Co-Founder & Director | Leadership |
M.N. Srinivasu | Co-Founder | Leadership |
Mukul Sharma | Head of Engineering | Leadership |
Divya R. Gavandi | Software Engineer | Team |
Sarvesh Naik | Lead Automation Test Engineer | Team |
Shashikant Lokare | Engineering Lead | Team |
Shyam Prabhudesai | Infrastructure Delivery And Transformation | Team |
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Financials of BillDesk
Figures of Indiaideas Com Limited, the primary company behind BillDesk, for FY 2024. Revenue was ₹2,446 Cr (-12% year on year). Net profit was ₹121 Cr (5% margin). EBITDA was ₹226 Cr (9% margin). Revenue has grown at a compounded annual rate of +3% over three years and +11% over five years.
- ₹2,446 CrRevenue · FY 2024 · -12% YoY
- ₹121 CrNet profit · 5% margin
- ₹226 CrEBITDA · 9% margin
- ₹5.00 CrPaid-up capital
- 742Employees (provident fund records)
- +3%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Indiaideas Com Limited are on its company page.
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Detailed financial statements for BillDesk
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Investments & Acquisitions by BillDesk
BillDesk has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Jocata and Loylty Rewardz.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of AI and cloud based financial planning and investment management solutions | jocata.com | Hyderabad, India | 2010 | Jun 2018 | •••• | |
Platform offering loyalty and relationship management solutions | loylty.com | Mumbai, India | 2006 | Jun 2016 | •••• |
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Timeline of BillDesk
7 dated milestones of BillDesk across 19 years, from founding to its latest funding, stage changes and deals.
- Founded BillDesk is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Loylty Rewardz.
- Acquisition Acquires Jocata.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series D, of $84.8M.
Competitors of BillDesk
BillDesk has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
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Web traffic of BillDesk
The website of BillDesk (billdesk.com) receives about 21.1M visits a month and ranks #1,962 among all websites worldwide, #119 in Financial Planning and Management.
- Monthly visits21.1M
▼ 13.8% vs previous month
- Unique visitors9.1M
per month
- Global rank#1,962
among all websites
- Category rank#119
Finance · Financial Planning and Management
Visitor engagement
- Bounce rate21%
- Pages per visit3.8
- Average visit2 min 18 sec
- DevicesDesktop 56% · Mobile 44%
Similar websites
Websites whose visitors overlap most with BillDesk. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sihub.in | sihub.in | 100% | #20,587 | – | |
| icicibank.com | 92% | 22.8M | #1,388 | View details | |
| sbicard.com | 88% | 13.6M | #4,327 | View details | |
| hdfcbank.com | 80% | 54.1M | #641 | View details | |
| licindia.in | 75% | 11.3M | #3,121 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as BillDesk (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Billdesk
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Frequently Asked Questions about BillDesk
BillDesk was founded in 2000 and raised its 1st funding round 1 year after it was founded.
BillDesk is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
BillDesk is a funded company, having raised a total of $185.7M across 4 funding rounds to date.
BillDesk has 750 employees.
The primary company behind BillDesk, Indiaideas Com Limited, reported revenue of ₹2,446 Cr for FY 2024, down 12% year on year.
BillDesk was founded in 2000 and is headquartered in Mumbai, India, within the fintech sector. Integrated payment solutions are provided to facilitate recurring and one-time transactions across digital modes including cards, eNACH, and UPI AutoPay. Services encompass online and international payments, tokenization, biller network integration, and payment aggregation for businesses operating on various platforms. Operations support seamless processing for merchants in multiple geographies.
BillDesk has made 2 acquisitions, including Jocata, and Loylty Rewardz.
BillDesk has 15 investors. Key investors include Visa, Bank of Baroda, General Atlantic, State Bank of India, and Temasek.
The valuation of BillDesk is $1.59B as of Feb 2019.
BillDesk is associated with 2 legal entities: Indiaideas Com Limited, Jodhpur Vidyut Vitran Nigam Limited.
The legal entities of BillDesk currently have 20 directors, including Anand Agarwal, Manju Agarwal, Srinivasu Nagesvar Mallapragada and others.