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Paytm Has Raised $1 Billion At A Valuation Of $16 Billion
Paytm has further cemented its place as India’s most valuable startup. Paytm has raised $1 billion (Rs. 7000 crore) in its Series G funding round led by US asset manager T Rowe Price and existing investors Ant Financials and Softbank. Ant Financials, which is owned by Alibaba, contributed $400 million, while Softbank put in $200 million from its Vision Fund. The round valued Paytm at $16 billion, slightly higher than the $15 billion valuation the...