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SoftBank-backed Paytm raises $1 billion in fresh funding

Tuesday, November 26, 2019, 8:26 AM

Indian digital payments company Paytm said on Monday it has raised fresh funds from a group of investors including existing backers SoftBank's (9984.T) Vision Fund and China's Ant Financial Services in a deal valuing the firm at $16 billion. Paytm did not officially disclose details of the funding, but a source said the Indian company raised $1 billion in the latest round.

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