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Paytm Raises $1bn From Existing Investors Including SoftBank and Ant Financial

Professor of Financial Economics and Part-time Value Investor, Transfin.
Nov 25, 2019 11:22 AM 1 min read

Paytm raises $1bn from existing investor. 



Money in the Game: Payments platform Paytm has raised $1bn from new and existing investors, including Japan’s SoftBank Group, China’s Ant Financial and Discovery Capital valuing the company at c. $16bn. 


As part of the investment round, SoftBank has pumped in $200mn while Ant Financial has invested $400mn. These were joined by new investors, including T. Rowe Price Associates. This takes the total investment raised by Paytm to about $3.5bn.


The fresh investments will be used for growing the payments and financial services business, noted Founder Vijay Shekhar Sharma. ET Tech


Paytm plans to invest INR10,000cr over the next 3 years to bring financial inclusion to more under-served users in the country. 


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