SoftBank-backed Paytm raises $660 million

SoftBank-backed Paytm raises $660 million

BENGALURU: Indian digital payments start-up Paytm’s moms and dad has actually raised almost $660 million from financiers consisting of Alibaba’s Alipay, SoftBank’s SVF Panther (Cayman) and funds handled by T Rowe Price to name a few, according to a filing.The board of One 97 Communications Ltd will allocate about 2.6 million shares to the financiers, monetary information accessed by service intelligence platform Tofler dated Dec. 12 showed.This becomes part of SoftBank-backed Paytm’s $1 billion fund raising last month from the Japanese tech financial investment giant and other backers such as Ant Financial and T Rowe Price Associates, which valued the business at $16 billion.Paytm did not right away react to an ask for a talk about the most recent financing.

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