Payment gateway facility was started in the year 2000, in 2015 the company crossed the value of 1 billion dollars
Generally everyone dreams of getting a good job after completing their studies. There is a desire in everyone’s mind to get a good salary by doing a good job. But today we are going to tell you about three such young men, who left their jobs and established their own company and today they are the owners of all three crores. Karthik Ganapathi, MN Srinivasu and Ajay Kaushal all three had established a company named Bill Desk in the year 2000. Which is a big name in the payment gateway and utilities bill payment segment.
All the three youths studying in IIM used to work in US accounting firm Arthur Anderson. However, the three youths quit their jobs to start their own company and decided to form a fin tech company. Today the turnover of this company is more than 34 thousand crores. When all three thought about this company, which was mostly associated with the Internet, there were less than 50 thousand internet users in India. Talking to Business Daily about this, the co-founder said that when he founded the company in the year 2000, he had a lot of faith in it.
The first investment in the company came in the year 2001. However, the major investment came in 2006 by Clearstone Venture Partners and State Bank of India of $7.5 million. In 2015, the company was valued at $1 billion. The company’s total income in the financial year 2021 was about Rs 1800 crore. Seeing the success of the company, domestic and foreign investors were attracted towards the company. Meanwhile, BillDesk was acquired by Prosus Company for Rs 34376 crore. Under which Ajay, Karthik and Srinivasu will get $ 500 million in the parts of the three.