SoftBank-backed Paytm raises $1 billion in fresh funding
Share:
NEW DELHI/BENGALURU (Reuters) - Indian digital payments company Paytm said on Monday it has raised fresh funds from a group of investors including existing backers SoftBank's Vision Fund and China's Ant Financial Services in a deal valuing the firm at $16 billion (£12.47 billion).Paytm did not officially disclose details of the funding, but a source said the Indian company raised $1 billion in the latest round.SoftBank's fresh investment in Paytm comes as the Japanese investment firm's founder..