外文标题：Alibaba, Temasek Holdings in talks to scoop up 30% in Paytm for Rs 3000 crore
NEW DELHI| BENGALURU: Paytm may become one of the fastest Indian startups to get past the billion-dollar valuation mark with Chinese ecommerce giant Alibaba and Singapore-based Temasek Holdings said to be leading the race to invest more than $500 million (Rs 3,150 crore) in the mobile commerce company.
Talks are at an advanced stage on one of the biggest fund-raising exercises by an Indian startup and an announcement is expected towards month-end that would value the Delhi-based Paytm at $1.5-1.9 billion, according to people with knowledge of the development.
Alibaba and Temasek have bid for a stake in the One97 Communications-owned company, which has grown manifold since its launch in 2011, the people cited above said. At least two investors will gain a 25-30% stake for $500 million, some of which will be used for strengthening mobile operations and adding customers.
Abhishek Nair (Ernakulam)
Great, good to see Indian company growing and expanding internationally
Shaurya Kharb (Location)
Great News, I am glad that Indian start-ups are growing this fast
Aditya Naren ()
paytm da best...and sure it will lead Indian and world market..say no to alibaba(China) and yes to Paytm(India) Jai Hind
Piyush Ranjan ()
the customer service is commendable too....
mukesh kumar (Delhi)
why I feel there are lots of exaggeration in valuation of e-commerce companies in India and bubble will bursts sooner or later...
Manas Rout (Cuttack, Odisha)