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.
