India: Paytm parent in talks to raise around $300m from MediaTek, Temasek, others

India: Paytm parent in talks to raise around $300m from MediaTek, Temasek, others

Photo: Bloomberg

One97 Communications Ltd, which runs e-commerce marketplace and payments platform Paytm, is in advance discussions to raise $300-$350 million (or Rs.2000- Rs.2400 crore) from Taiwan’s MediaTek, Temasek, Goldman Sachs and existing investors Alibaba Group and SAIF Partners, among others; according to three people close to the development.

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