BillDesk could not be reached for comment. The move to terminate the deal has come as a surprise to many direct stakeholders, including BillDesk founders and many of its investors, people familiar with the situation said, who requested anonymity commenting on the failure of India's biggest payments deal. Several fintech founders were also shocked with the development, wondering what aspect broke the deal. Prosus said it "remains committed to the Indian market and growing its existing business within the region." Founded by three consultants, BillDesk founders stood to make $500 million each from the acquisition deal. BillDesk — which counts Visa, Temasek, General Atlantic and a number of Indian banks among its backers — has raised $245 million to date. It was valued at $1.59 billion after January 2019 funding round, according to research firm Tracxn. Prior to doing the deal with Prosus, BillDesk was internally planning to file for an initial public offering.