Funding round
BillDesk Growth
Reported as "Growth Equity"
BillDesk, which works in payment solutions development in Mumbai, raised $85M in a Growth round announced on 1 Feb 2019, led by Visa, at a $1.00B post-money valuation. 3 firms took part, 2 of them already investors. It is BillDesk's third venture round on record; the one before was a Growth in Jan 2019.
$85M
Amount raised
$1.00B
Post-money valuation
3
Investors
1 lead
8.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced BillDesk at $1.00B after the new money. The $85M bought investors about 8.5% of the company. It came 1 month after BillDesk's Growth. It is 16% of the $535M BillDesk has raised in the venture rounds on record. No later venture round is on record for BillDesk.
Investors
Who put money in
Visa led the round with 2 other firms. Visa and Temasek had backed BillDesk before.
Lead investor
- Visa existing investor
Also in the round
- Temasek backs 195 venture-backed companies existing investor
- Claymore Investments new investor
Comparable rounds
How it compares
12 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $51M, and this round was 1.7 times the median. The closest in time, other companies' Growth rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 7 Feb 2019 | $64M | $273M | Insight Partners |
| Toss Business Payment Processing & Point of Sale | 10 Dec 2018 | $80M | $1.20B | Ribbit |
| Payment Processing & Point of Sale | 4 Apr 2019 | $30M | not disclosed | not named |
| Stripe Payment Processing & Point of Sale | 26 Sep 2018 | $245M | $20.00B | Tiger Global and Sequoia Capital |
| Payment Processing & Point of Sale | 27 Sep 2018 | $25M | not disclosed | Goldman Sachs |
| Payment Processing & Point of Sale | 13 Aug 2019 | $20M | not disclosed | not named |
| Payment Processing & Point of Sale | 26 Aug 2019 | $2.0M | not disclosed | Pace Financial Group |
| PPRO Payment Processing & Point of Sale | 16 Jul 2018 | $50M | not disclosed | PayPal |
Questions
Frequently asked
How much did BillDesk raise in its Growth round?
BillDesk raised $85M in its Growth round, announced in Feb 2019.
Who led BillDesk's Growth round?
Visa led it, with Temasek and Claymore Investments.
What was BillDesk's valuation at the Growth round?
$1.00B post-money.
How does it compare with other Growth rounds in Payment Processing & Point of Sale?
12 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $51M, and this round was 1.7 times the median.