India’s online payments service company Paytm is in talks with US asset manager T Rowe Price to lead a $1 billion funding round with a $150-200 million contribution. Existing investors, SoftBank and Ant Financial, are expected to make up the rest of the capital bulk, according to Fintech Futures.
According to India’s Economic Times’ sources, the size of the funding round has now been “trimmed” from the $2 billion that Paytm’s parent company One97 Communication set out to raise. Bloomberg has not changed its report which quoted a $2 billion round.
This latest funding round is expected to see Paytm’s valuation rocket to as much as $15 billion