Paytm in talks to raise another $1 billion funding: Report

NEW DELHI : Digital payments major Paytm is looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron, according to sources.

Sources close to the development said the discussions are on and might take a few weeks to get finalised.

They added that the funds will be used to expand the merchant offerings across India to equip them with technology and various other services.

Paytm declined to comment, while a response from Cameron could not be elicited immediately.