Nasper-backed fintech agency PayU has begun talks to accumulate home cost gateway main BillDesk, and the deal measurement may very well be within the vary of $3-Four billion, sources within the know mentioned.

“BillDesk has been open to being acquired for some time now, but in the past the valuations that the company was seeking proved to be a hurdle,” mentioned a supply. “Three years ago too, PayU had approached BillDesk for an acquisition, but things didn’t go ahead due to high valuations. BillDesk had asked for $2-billion value then,” mentioned the supply.

“If the deal happens, it will be a shot in the arm for PayU, which will be able to capture the entire end-to-end payments ecosystem,” mentioned an associate.

Media studies have mentioned Paytm, which is able to quickly give you its preliminary public providing (IPO), can also be evaluating BillDesk.

“Billdesk is a very profitable and well-managed company. Its foray in the government segment is the strongest, and has an enviable technology back-end. Whoever acquires it will be surely getting access to good business,” mentioned one other supply from the fintech business.

“The Paytm IPO is creating momentum in the fintech space and several M&As (mergers and acquisitions) are likely to happen in the coming few months,” mentioned Mahesh Singhi, founder & MD, Singhi Advisors.

BillDesk was based in 2000 by a staff of ex-Arthur Anderson professionals - M N Srinivasu, Ajay Kaushal and Karthik Ganapathy. Reports say it handles 50-60 per cent of billing transactions in India.

BillDesk’s traders embody TA Associates, Clearstone Ventures, General Atlantic, and Temasek. It additionally says BillDesk is India’s largest establishment, and its expertise, funds companies and it’s in depth processing community are utilized by India’s largest banks and plenty of of India’s organizations throughout numerous business segments similar to telecom, insurance coverage, utilities, monetary companies, schooling, leisure and e-commerce companies. The BillDesk platform processes a majority share of the web and cell funds transactions which can be performed by aggregator platforms in India.