Paytm raises $1 billion in latest funding; takes valuation to $16 billion
Paytm has secured $1 billion in its new funding round taking its valuation to $16 billion. The latest funding led by US based asset management firm T Rowe Price has cemented Vijay Shekhar Sharma led company's position as most-valued startup of India. This is the largest amount raised by an Indian startup this year.
T Rowe Price along with Discovery Capital and D1 Capital put in about $400 million, while existing investors SoftBank and Ant Financial put in $200 million and $400 million respectively.
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