Prosus strikes deal to buy India’s BillDesk for US$4.7bil

The European investment powerhouse’s PayU unit has struck a deal to buy the 11-year-old startup, creating a digital payments giant with a total volume of US$147bil (RM612bil). It will take Prosus’ investment in India to more than US$10bil (RM42bil) to date, the company said in a statement.

NEW DELHI: Prosus NV has agreed to acquire Indian online payments service BillDesk for 345 billion rupees (US$4.7bil or RM19.5bil), making its largest global acquisition to date in the Asian nation.

The European investment powerhouse’s PayU unit has struck a deal to buy the 11-year-old startup, creating a digital payments giant with a total volume of US$147bil (RM612bil).