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