BillDesk investors TA Associates, General Atlantic, Clearstone Venture and Temasek Holdings are seeking an exit amid increasing interest in the payments market. BillDesk (IndiaIdeas Com Ltd) has held sale talks with three payment giants—PayU, American Express and PayPal—the people cited above said. BillDesk is seeking a valuation of $1.5-2 billion but the potential buyers have been unwilling to meet its asking price, the people cited above said on condition of anonymity. BillDesk, American Express and PayPal did not respond to emails seeking comment, while PayU declined to comment. On the consumer side, digital wallet Paytm has seen its valuation grow nearly 50 times to $10.2 billion in just over three years.

Source: Mint March 28, 2018 02:03 UTC