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Paytm raises $1b in latest funding round
November 25, 2019
Paytm which is a digital payments company raised around $1 billion in this year’s financing round.
The US asset manager T Rowe raised $1 billion, with existing investors who also participated that includes Softbank who raised about $200 million and Ant Financial about $400 million.
This is said to be the largest amount raised by the Indian startup this year.
This makes the company’s valuation to $16 billion and last year it’s value was $10 billion after raising $300 million from Warren Buffet’s s Berkshire Hathaway company.
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