Paytm to consider IPO after generating cash, likely post 2021, says founder Vijay Shekhar Sharma

NEW DELHI : Financial services firm Paytm is set to raise $2 billion from a group of existing investors at a valuation of $15 billion, a person close to the development said on condition of anonymity.

“Paytm is raising $2 billion in funds at a pre-money valuation of $15 billion. The deal is close to being finalized,” said the person mentioned above.

The identity of the investors could not be ascertained independently, but financial news service Bloomberg reported on Monday that the existing investors include Ant Financial and Japan’s SoftBank Group.