Indian ecommerce firm Paytm has raised $1 billion in a financing round the firm is calling “Series G”, featuring input from Ant Financial, SoftBank Vision Fund, and Discovery Capital. Paytm founder Vijay Shekhar Sharma Vijay Shekhar Sharma, Paytm founder and chief executive, has said that the firm will use the fresh funds to tempt merchants to shift back to the Paytm platform. The company has lost ground to Google, Walmart, and Facebook in recent times. Paytm has 15 million merchant customers, and the company will be looking to expand its offerings to those users to include lending and insurance. Paytm…
Paytm raises bn in fresh round of funding
Paytm raises $1bn in fresh round of funding
