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Paytm Reportedly Aiming for India’s Biggest IPO

By
Shai Oster
· · Source: Bloomberg

Payments platform Paytm wants to raise $3 billion later this year in what would be India’s biggest ever IPO, Bloomberg reported. Backed by SoftBank, Jack Ma’s Ant Group, and Berkshire Hathaway, the company is looking for a valuation of about $30 billion, the report said. Despite facing stiff competition in payments from Google, Amazon, Walmart and Facebook, the company’s CEO said it...

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