Indian electronic payments startup Paytm’s parent has increased almost $660 million (approximately Rs. 4,700 crores) from shareholders such as Alibaba’s Alipay, SoftBank’s SVF Panther (Cayman) and capital handled by T Rowe Price amongst other people, according to a filing. The plank of One 97 Communications will take about 2.6 million shares to the shareholders, financial information obtained by business intelligence system Tofler dated December 12 revealed. Paytm didn’t immediately respond to a request for a comment on the financing. That can be SoftBank-backed Paytm’s second fundraise following the Japanese technology investment giant and other backers like Ant Financial and T Rowe Price Associates climbed in $1 billion (approximately Rs. 7,100 crores) last month, valuing the business at $16 billion (approximately Rs. 1,13,000 crores).
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