Eight months after reports of the round first surfaced, Paytm has raised $1bn in series G funding at a $16bn valuation from investors including Ant Financial and SoftBank.
India-based mobile payment platform Paytm received $1bn today in a series G round featuring telecommunications conglomerate SoftBank’s Vision Fund and Ant Financial, the financial services affiliate of e-commerce firm Alibaba, TechCrunch reported.
Asset management firm T. Rowe Price led the round, which included venture capital firm Discovery Capital and which valued Paytm at $16bn. Ant Financial contributed $400m to the round, while Vision Fund supplied $200m.
Reports on the round first emerged in March 2019 and, as recently as…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
