Info-tech

Paytm plans to raise around $200 million

Priyanka Pani Mumbai | Updated on November 27, 2017

Mobile marketplace and mobile & DTH recharge platform Paytm plans to raise around $200 million in another three months.

Paytm, owned by Noida-based mobile Internet company One97, has so far raised $ 28 million from SAIF Partners, Intel Capital and Silicon Valley Bank.

Vijay Shekhar Sharma, founder of One97, said that the company has appointed investment banker Goldman Sachs for the same. Existing investors, including a few new ones, will participate in the new round of funding, he added.

Paytm that started off as an online mobile and DTH recharge site, has off late been focusing on being a mobile commerce company and as a digital wallet service provider. It has over one million items from around 700 vendors across men, women, kids fashion and home furnishing categories.

Published on October 01, 2014

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