India: Paytm seeks $500 million for new business

India: Paytm seeks $500 million for new business

Paytm founder Vijay Shekhar Sharma. Photo: Pradeep Gaur/Mint

Digital payments firm Paytm, owned by One97 Communications Ltd, is in talks to raise about $500 million from existing and new investors to build a new business vertical, said two people close to the development.

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