Corporate Valuations - News Paytm raises $1.4 billion from Softbank, valuation jumps to over $8 billion



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Paytm raises $1.4 billion from Softbank, valuation jumps to over $8 billion


Date: 18-May-2017

Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of Rs 9,000 crore ($1.4 billion) in One 97 Communications which owns mobile payments provider Paytm. The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth $7 billion, making it the country’s second most valuable startup. Softbank is expected to buy shares in a secondary transaction about $400 million to gain a full 20% stake in the company. This secondary shares will be purchased primarily from Paytm s early investor SAIF Partners besides founder Vijay Shekhar Sharma, and is part of the $1.4 billion raise.

 
 
 
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