Paytm owner One97 Communications is set to raise the funding at a $5bn valuation with contributions from MediaTek, Alibaba, Ant Financial and possibly Fosun.
One97 Communications, the India-based e-commerce company that operates mobile payment platform Paytm, is in talks with investors for a $300m round that will value it at $3bn, Bloomberg reported yesterday.
Fabless semiconductor producer MediaTek is set to lead the round, which will value One97 at $5bn, according to a person with knowledge of the matter, who said the round will include e-commerce firm Alibaba, its payments affiliate Ant Financial and venture capital firm SAIF Partners.
The round will also include…
