TA continues India spree by backing BillDesk
TA Associates' decision to establish a permanent India presence appears to be paying off. The firm’s first investment in the country was completed in 2006 but four of its five deals have come since the Mumbai office opened in late 2009. BillDesk, an online payment services provider, is the latest addition to the TA portfolio.
"The business is driven by rising internet penetration and an increasing preference for electronic payment versus cash and check," Dhiraj Poddar, a director at TA Associates, tells AVCJ. "The market is...
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