Existing investors Ant Financial and SoftBank are close to taking part in a $2bn round that would value digital payment services provider Paytm at $16bn.
India-based fintech developer Paytm is in the final stages of talks to raise $2bn in equity and debt financing from investors including Ant Financial, the financial services affiliate of e-commerce firm Alibaba, Bloomberg reported yesterday.
Internet and telecommunications group SoftBank is expected to take part in the round, while hedge fund manager Discovery Capital Management is also considering an investment. The round would value Paytm at $16bn and the capital would be split equally between equity and debt.
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Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
