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Paytm may raise up to $1.5 billion from SoftBank

Paytm may raise up to $1.5 billion from SoftBank

Wednesday, April 19, 2017, 7:24 AM

Paytm is in talks with Japan’s SoftBank Group Corp. to raise $1.2-1.5 billion in cash in a deal that could raise Paytm’s valuation to $7-9 billion.The deal, which has been in the works for nearly three months now, will see SoftBank buying some shares from existing Paytm investor SAIF Partners and founder Vijay Shekhar Sharma as well as investing money in the company.
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