Paytm's parent One97 to be valued at $4.8bn post latest funding round
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Taiwanese semiconductor maker The total funding raises in this round is $300 million, and the rest of the capital would be put in by One97’s existing investors Alibaba, its payments affiliate Alipay, and venture capital firm SAIF Partners which was its earliest investor.
Also read: Paytm might raise Rs 2,000 crore in next funding, to be valued at $5 billion
"With long-haul investors, Paytm is in an incredible position to provide a new paradigm of banking and financial services,"
It was in 2015 that One97 had raised about Rs 4,400 crore from Alipay and Alibaba, making them owners of about 40% stake in the company.
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