Paytm Raises Second Funding in Less than a Month Amid Growing Losses

One 97 Communications Ltd, parent company of India’s largest digital payment company Paytm, has secured fresh funding of nearly $650 Mn from slew of existing backers. Some of the prominent existing backers that participated in the funding round are Alipay Singapore E-commerce Private Ltd, SoftBank Vision Fund and T Rowe Price Growth. Alipay has reportedly infused…

ByGirish ShettiDecember 13, 20190Comments

Vijay Shekhar Sharma’s Paytm is on a Fresh Funding Prowl: Report

India’s home grown digital payment company Paytm is engaged in discussion with T Rowe Price to raise nearly $1 Bn, according to Economic Times (ET) report. ET’s report claims that T Rowe Price is planning to invest $150 – 200 Mn while existing investors Alibaba and SoftBank will pump rest of the amount in the…

ByGirish ShettiOctober 15, 20190Comments

Paytm in Search of Fresh funding to Fend off Competition: Report

The competition frenzy in digital payment market seems to be forcing Paytm to fill up its cash coffers. According to Economic Times (ET), India’s largest digital payment company is in talks to raise $1.5-2 billion from two of its biggest existing investors – Ant Financials & SoftBank. Paytm is in talks to raise $1.5-2 billion. ET claimed,…

ByGirish ShettiMarch 28, 20190Comments

Best Choice for Creatives