<article>While Tiger Global is looking to lead a new funding round in Razorpay, Vijay Shekhar Sharma has pledged 5 per cent of his personal stock for Paytm Mall ESOPs.</article>

While Tiger Global is looking to lead a new funding round in Razorpay, Vijay Shekhar Sharma has pledged 5 per cent of his personal stock for Paytm Mall ESOPs.
<h3>Tiger Global likely to lead Razorpay&#8217;s new funding round</h3>
US-based fund <a href="http://dealstreetasia.com/tag/tiger-global" target="_blank" rel="noopener">Tiger Global</a> is reportedly leading a new funding round in digital payments firm <a href="http://dealstreetasia.com/tag/razorpay" target="_blank" rel="noopener">Razorpay</a>, in which it is already an investor.
According to a Times of India <a href="https://timesofindia.indiatimes.com/venture-capital/tiger-expected-to-lead-razorpay-funding-yc-yuri-milner-to-join-in/articleshow/62125340.cms" target="_blank" rel="noopener">report</a> quoting sources, Razorpay is likely to be raising around Rs 120 crore ($18.7 million) from mostly exsiting investors.
Silicon Valley-based accelerator <a href="http://dealstreetasia.com/tag/y-combinator" target="_blank" rel="noopener">Y Combinator</a>&#8216;s Continuity Fund and Apoletto Managers, a personal investment vehicle run by the partners at the Russian billionaire Yuri Milner&#8217;s <a href="http://dealstreetasia.com/tag/dst-global" target="_blank" rel="noopener">DST Global</a>, are also participating in the round.
&#8220;They have been in talks to raise this financing round for a few months now. After having engaged with multiple investors, the round is closing with Tiger leading it,&#8221; said one of the sources cited in the report.
Last year, the Bengaluru-based company had raised an undisclosed amount of funding from Mastercard Inc. Prior to that, it raised $11.5 million from marquee investors like Tiger Global, Matrix Partners and Y Combinator.
<h3>Paytm founder pledges 5% holding in Paytm Mall for ESOPS</h3>
Vijay Shekhar Sharma, founder and CEO of <a href="http://dealstreetasia.com/tag/paytm" target="_blank" rel="noopener">Paytm</a>, has  pledged about 5 per cent of his personal holding in e-commerce venture <a href="http://dealstreetasia.com/tag/paytm-mall" target="_blank" rel="noopener">Paytm Mall</a> for the employee stock option (ESOP) pool, said a Times of India <a href="https://timesofindia.indiatimes.com/business/india-business/paytm-founder-pledges-personal-stock-in-companys-arm/articleshow/62127938.cms" target="_blank" rel="noopener">report</a>.
As per the new report, this pledge would add $50 million worth of stocks to the ESOP pool, which will subsequently amount to 10 per cent of the overall company.
&#8220;I have given parts of my holding towards the employee share pool. I had done something similar long time back for One97 Communications and I have done this now for Paytm Mall,&#8221; Sharma told the newspaper.
Paytm Mall is the e-commerce subsidiary of<a href="http://dealstreetasia.com/tag/one97-communications" target="_blank" rel="noopener"> One97 Communications</a>.
Sharma&#8217;s holding in Paytm Mall has come down to around 14 per cent  from over 19 per cent earlier, according to regulatory filings for the financial year 2017.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/46158-46158/" target="_blank" rel="noopener">India: Online payments startup Razorpay raises funding from Mastercard</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-flipkart-completes-buyback-employee-stock-options-worth-100m-88465/" target="_blank" rel="noopener">India’s largest online retailer Flipkart completes buyback of employee stock options worth $100m</a>

While Tiger Global is looking to lead a new funding round in Razorpay, Vijay Shekhar Sharma has pledged 5% of his personal stock for Paytm Mall ESOPs.

India Digest: Razorpay eyes more funding; Founder pledges personal stock in Paytm Mall

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India Digest: Razorpay eyes more funding; Founder pledges personal stock in Paytm Mall

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