Paytm Raises $660 M From Alipay, SoftBank, Others
Money & Banking
One 97 Communications, the company that operates Paytm, has raised $660 million from Alipay, T Rowe Price, SoftBank and others in exchange for 2.6 million equity shares.
“This is in continuation of the fund-raising ($1.35 billion so far) that Paytm has initiated recently, which currently values the company at nearly $15.5 billion,” said a report on business intelligence platform paper.vc.
“This latest fund-raise will give Paytm, which logged a $590 million loss for FY ‘19, much-needed capital to compete with PhonePe (owned by Walmart) and Google Pay,” Nikhil Kanetkar, an analyst with paper.vc, said.
Published on
December 08, 2019
One 97 Communications, the company that operates Paytm, has raised $660 million from Alipay, T Rowe Price, SoftBank and others in exchange for 2.6 million equity shares.
“This is in continuation of the fund-raising ($1.35 billion so far) that Paytm has initiated recently, which currently values the company at nearly $15.5 billion,” said a report on business intelligence platform paper.vc.
“This latest fund-raise will give Paytm, which logged a $590 million loss for FY ‘19, much-needed capital to compete with PhonePe (owned by Walmart) and Google Pay,” Nikhil Kanetkar, an analyst with paper.vc, said.
Published on
UPDATE: USAA Delivers $150 Million In Loans Within 48 Hours To Serve Members Impacted By Government Shutdown
FOR THE MOST UP-TO-DATE DATA ON USAA SHUTDOWN ACTIVITY, VISIT USAA STORIES: LINK Read more
USAA Names Rob Arena President Of Life Insurance Company
Sep 30 2025 SAN ANTONIO – September 30, 2025 – USAA has appointed Rob Arena as Preside... Read more
USAA Prepares Financial Assistance To Serve Members Impacted By Potential Government Shutdown
No-interest loan and payment relief options among the benefits that eligible members can access Read more
USAA, NFL Extend Long-standing Partnership
USAA to continue providing exceptional Salute to Service NFL experiences to the military community Read more
Nearly Half Of Gen Z Doesnt Know What Affects Their Credit Score, According To New USAA Report
Study Reveals Gaps in Young Adults’ Credit Knowledge and Optimism for Financial Growth Read more
USAA Stands With Our Communities To Provide Support Amid Devastating Texas Floods
Association commits $500,000 and activates employee volunteers to support Read more