This is SoftBank-backed Paytm's second fundraise after a $1-billion injection last month.
Paytm raised $1 billion from SoftBank Vision Fund and Ant Financial 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.
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