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Paytm can soon raise Rs.2, 000 crore from Goldman Sachs and Mediatek: Reports

According to a report, Paytm is in advanced talks with Taiwanese semiconductor maker Medaitek, Goldman Sachs, Singapore’s Temasek and others to raise the fresh funding of Rs.2,000 crore.

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Paytm

Notably this round will see Paytm’s valuation more than doubling to $5 billion. Its existing investors, which include Chinese Internet giant Alibaba is also expected to participate.

Earlier in June Paytm was valued at $2.3billion in the round of capital. Paytm E- Commerce Pvt ltd was set up earlier this month and is expected to initially mirror parent one97’s shareholding.

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Parul Srivastava

She likes to express herself through her write-ups. She doesn’t believe in doing different things but she enjoy doing things differently.
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