The company is looking to raise Rs 2000 Cr, the rest of which is expected to be raised through Alibaba and SAIF Partners. The funding more than doubles Paytm’s valuation to $4.8 bn. The company will use the funding across verticals, including for its payments bank. Paytm had previously raised an undisclosed amount in funding from Alibaba and Ant Financial in September last year.

Taiwanese semiconductor manufacturer MediaTek invests Rs 400 Cr in Paytm

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