Startup Street: PayU buys BillDesk for $4.7 billion; Skit raises $23 million

Prosus-backed PayU has acquired payments company BillDesk for a whopping $4.7 billion, making it the largest deal in the Indian fintech space.

Startup Street spoke to PayU India’s CEO Anirban Mukherjee about the rationale behind the deal and what led to the big bet on BillDesk.

Meanwhile, Voice AI company Skit, which was earlier known as Vernacular.ai, has secured $23 million as part of its series B funding. The funding round was led by WestBridge Capital with participation from Exfinity Ventures, Kalaari Capital, Angelist syndicate led by Aaryaman Vir Shah from Prophetic Ventures and Letsventure syndicate led by Sense AI.