Part of the funding could include a secondary purchase of shares from an existing investor, according to India’s Economic Times.
The deal would be the second investment the company has received this year, following private equity firm TA Associates’ acquisition of a minority stake back in April.
BillDesk has grown to provide payment facilities for more than 50 of India’s largest banks since it was founded in 2000.
Two years ago Lightspeed Venture Partners led a $10.3m investment in Itz Cash Card, an Indian multi- purpose pre-paid card company.
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