Mobile internet company One97 has begun talks to raise $200M in funding for its Intel and SAP-backed mobile payment subsidiary Paytm.
India-based mobile marketplace Paytm, which is backed by the corporate venturing arms of chipmaker Intel and software provider SAP, is in talks to raise close to $200m in the next three months, according to VCCircle.
Paytm, which is owned by mobile internet company One97, began as a online mobile and DTH recharge site, but has since shifted to focus on mobile commerce and a digital wallet service. The company has appointed Goldman Sachs as its banker for the fundraising.
Shekhar…
