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Paytm may touch valuation of $ 16 Billion

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Oct 11, 2018 by The Passage Team
Paytm may touch valuation of $ 16 Billion

Paytm’s parent One97 Communications could see its valuation more than double from last year to $16 billion as it has started seeing a surge in investor interest after the recent infusion of $300 million by Berkshire Hathaway.

The company is in talks with investors from US and China to sell a secondary of existing employees’ shares and small shareholders like MediaTek. The value of the transaction is could range between $100-200 million.

Private equity firm like Blackstone, and US-based hedge fund Dragoneer Investment Group are in talks with the company.

Source: The Economic Times

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