Tuesday, April 16

Tag: Paytm funding

Paytm raises $1 billion in funding at $16 billion Valuation
25Nov By AdityaNo Comments
FUNDING

Paytm raises $1 billion in funding at $16 billion Valuation

NEW DELHI, 25th Nov 2019- India's leading digital payment firm Paytm has raised fresh $1 billion funds from a group of investors, including existing backers such as SoftBank’s Vision Fund and Alibaba’s Ant Financial. T. Rowe Price Associates, Inc. and Discovery Capital are the new investors participated in this round. However, Paytm did not officially disclose the details but as per Pixr8 sources Paytm raises $1 billion in the latest round. The company will expand into insurance, lending and investments and invest $1.39 billion over the next three years to include more users in the country, Paytm said. After this funding round Founder & CEO of Paytm, Vijay Shekhar Sharma has said, “At Paytm, we are committed to bringing half a billion Indians to the mainstream economy ...
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Paytm to Raise Millions for Pushing its O2O Retail Business
28Jul By Gauri SinghNo Comments
FUNDING

Paytm to Raise Millions for Pushing its O2O Retail Business

One97 Communications, the company that owns Paytm is reportedly eyeing to raise $300-$500 million for the purpose of pushing its online-to-offline (O2O) retail business and get customers to use its platform for making payments. At present, Paytm is in advanced talks with US-based investors and also its existing shareholder, SoftBank for the latest funding round, which is expected to value the digital payments giant at about $10 billion. The funds raised through the particular funding round will be directed towards the hyper-local O2O business, with an objective to shore up footfalls for offline stores by offering deals and discounts on Paytm's app. The users will pay through QR codes in these stores, and thus, increasing the number of transactions for the company. As of now, the m...
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