About BillDesk
BillDesk is a company based in Mumbai (India) founded in 2000 by Karthik Ganapathy, Ajay Kaushal, and Srinivasu M N.. BillDesk has raised $185.7 million across 4 funding rounds from investors including Visa, Bank of Baroda and General Atlantic. The company has 742 employees as of April 08, 2024. BillDesk has completed 2 acquisitions, including Jocata and Loylty Rewardz. BillDesk operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Adyen, among others.
- Headquarter Mumbai, India
- Employees 742 as on 08 Apr, 2024
- Founders Karthik Ganapathy, Ajay Kaushal, Srinivasu M N
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Indiaideas Com Limited
- Date of Incorporation 29 Mar, 2000
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$332.51 M (USD)10.01as on Mar 31, 2023
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Net Profit
$17.06 M (USD)-5.15as on Mar 31, 2023
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EBITDA
$20.19 M (USD)-9.56as on Mar 31, 2023
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Total Equity Funding
$185.7 M (USD)
in 4 rounds
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Latest Funding Round
$84.84 M (USD), Series D
Jan 17, 2019
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Investors
Visa
& 8 more
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Employee Count
742
as on Apr 08, 2024
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Investments & Acquisitions
Jocata
& 1 more
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Co Team
3 people
Software Development Team
3 people
Lead Team
1 people
Infrastructure Team
1 people
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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 Total Funding
- Total Rounds 4
- Last Round Series D — $84.8M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series D - BillDesk | Valuation | Visa | |
| Oct, 2015 | Amount | Series C - BillDesk | Valuation | General Atlantic | |
| Mar, 2006 | Amount | Series B - BillDesk | Valuation | Clearstone Venture Partners , State Bank of India |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BillDesk
BillDesk has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Visa, Bank of Baroda and General Atlantic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Early-stage US companies are invested in by Clearstone Venture Partners.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BillDesk
BillDesk has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Jocata and Loylty Rewardz. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of AI and cloud based financial planning and investment management solutions
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2010 | ||||
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Platform offering loyalty and relationship management solutions
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - BillDesk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Billdesk Comparisons
Competitors of BillDesk
BillDesk operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Razorpay, Flutterwave, PayU and Adyen, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Billdesk
Frequently Asked Questions about BillDesk
When was BillDesk founded?
BillDesk was founded in 2000 and raised its 1st funding round 1 year after it was founded.
Where is BillDesk located?
BillDesk is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is BillDesk a funded company?
BillDesk is a funded company, having raised a total of $185.7M across 4 funding rounds to date. The company's 1st funding round was a Series B of $7.67M, raised on Jun 01, 2001.
How many employees does BillDesk have?
As of Apr 08, 2024, the latest employee count at BillDesk is 742.
What is the annual revenue of BillDesk?
Annual revenue of BillDesk is $332.51M as on Mar 31, 2023.
What does BillDesk do?
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.
Who are the top competitors of BillDesk?
How many acquisitions has BillDesk made?
BillDesk has made 2 acquisitions, including Jocata, and Loylty Rewardz.
Who are BillDesk's investors?
BillDesk has 9 investors. Key investors include Visa, Bank of Baroda, General Atlantic, State Bank of India, and Temasek.
What is BillDesk's valuation?
The valuation of BillDesk is $1.59B as of Jan 2019.
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