India's VC-backed Citrus Pay sold to Netherlands strategic
Citrus Pay, an India-based online and mobile payment solutions developer backed by Sequoia Capital, Ascent Capital and Beenos, has been acquired by Netherlands-based rival PayU.
PayU will pay $130 million for the business, which will be incorporated into its existing India payments platform PayU India. Citrus Pay's co-founders Amrish Rau and Jitendra Gupta will take prominent...
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