- Indian digital payments startup, Paytm, plans to raise $2.2 billion in an initial public offering, TechCrunch reports.
- Alibaba Group Holding Ltd BABA and Ant Financial own 36% of Paytm. Berkshire Hathaway (NYSE: BRK-B) and SoftBank Group Corp SFTBY SFTBF held an 18% stake.
- The startup, which competes with PhonePe and Alphabet Inc GOOG GOOGL Google Pay, plans to offer a share sale worth $1.1 billion.
- Paytm may raise $268 million in a pre-IPO round.
- It plans to use the fresh capital of $577 million to broaden its payments services offering and about $269 million to enter into new initiatives and explore acquisition opportunities.
- Paytm was last valued at $16 billion.
Loading...
Loading...
BABAAlibaba Group Holding Ltd
$124.321.11%
Edge Rankings
Momentum
92.43
Growth
73.59
Quality
42.28
Value
81.88
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
