Valuation of Paytm, e-commerce arm may swell to $20b after $2b round

Signage for digital-payments provider Paytm, operated by One97 Communications Ltd., is displayed at a shop selling printer cartridges in Mumbai, India, on Friday, Jan. 27, 2017. Photographer: Dhiraj Singh/Bloomberg

Financial services unicorn Paytm, along with its e-commerce affiliate Paytm Mall, is said to be in the process of raising around $2 billion in its latest funding round, which could value the companies at over $20 billion combined.

According to news reports, the flagship business Paytm is expected to be valued at $18-20 billion as it is raising a new round of $1-2 billion. Sources quoted in a Times of India report said the Noida-based company has already secured commitments of around $800 million to $1 billion from its existing investors SoftBank Vision Fund and Ant Financial.

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