• Home
  • Apps
  • Apps News
  • Paytm Raises $660 Million in Latest Round of Funding, Filing Shows

Paytm Raises $660 Million in Latest Round of Funding, Filing Shows

This is SoftBank-backed Paytm's second fundraise after a $1-billion injection last month.

Share on Facebook Tweet Snapchat Share Reddit Comment
Paytm Raises $660 Million in Latest Round of Funding, Filing Shows

Paytm raised $1 billion from SoftBank Vision Fund and Ant Financial last month

Highlights
  • Paytm raised funds from Alipay, SoftBank's SVF Panther (Cayman)
  • One 97 will allot about 2.6 million shares to the investors
  • This is Paytm's second fundraise after it raised $1 billion last month

Indian digital payments startup Paytm's parent has raised nearly $660 million (roughly Rs. 4,700 crores) from investors including Alibaba's Alipay, SoftBank's SVF Panther (Cayman) and funds managed by T Rowe Price among others, according to a filing.

The board of One 97 Communications will allot about 2.6 million shares to the investors, financial data accessed by business intelligence platform Tofler dated December 12 showed.

This is SoftBank-backed Paytm's second fundraise after the Japanese tech investment giant and other backers such as Ant Financial and T Rowe Price Associates pumped in $1 billion (roughly Rs. 7,100 crores) last month, valuing the company at $16 billion (roughly Rs. 1,13,000 crores).

Paytm did not immediately respond to a request for a comment on the latest funding.

© Thomson Reuters 2019

Disclosure: Paytm's parent company One97 is an investor in Gadgets 360.

Comments

For the biggest CES 2021 stories and latest updates, visit our CES hub.

Further reading: Paytm
Google Assistant's Real-Time Translation Interpreter Mode Now Rolling Out to All Android, iOS Users
Google’s Messages App Getting Verified SMS Feature to Help You Identify Trustworthy Business Messages

Related Stories

 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2021. All rights reserved.
Listen to the latest songs, only on JioSaavn.com