Paytm gets Rs 7173 lakh crore fund, company increased to $ 16 billion

Paytm gets Rs 7173 lakh crore fund, company increased to $ 16 billion

Paytm gets Rs 7173 lakh: According to the company, “Paytm will invest 10,000 crore rupees ($ 1.4 billion) in the next three years for financial inclusion in areas where people are deprived of such facilities till now.”

Digital payments company Paytm has raised $ 1 billion (about Rs 7,173 crore) under the leadership of US-based asset management firm T Rowe Price.

Paytm gets Rs 7173 lakh
Paytm gets Rs 7173 lakh crore fund, company value increased to $ 16 billion

Current investors Alibaba and Softbank also participated in the financing process, according to the company’s statement. Paytm plans to invest $ 1.4 billion in the next three years to expand its financial services.

According to the company, “Paytm will invest 10,000 crore rupees ($ 1.4 billion) in the next three years for financial inclusion in areas where people are deprived of such facilities till now.”

Paytm’s chief executive Vijay Shekhar Sharma said that one billion dollars was raised under the leadership of T Rowe Price. In this, Ant Financial, a subsidiary of Chinese e-commerce company Alibaba, raised $ 400 million and SoftBank raised $ 200 million. . This puts the company’s valuation at $ 16 billion. 

Everyone has a smartphone and it also has Paytm. The same Paytm used to collect and pay money. Paytm is owned by Vijay Shekhar Sharma. This is the story of Paytm Vice President Sonia Dhawan, who recently came to prison with her husband Roopak Jain after serving a 5-month jail term and has re-joined Paytm. The accused and former vice president of the company, Sonia Dhawan, have been re-entered into the company in the case of demanding a ransom of Rs 10 crore from Paytm founder Vijay Shekhar Sharma. Please tell that Sonia was arrested in October last year for stealing personal data of Paytm founder Vijay Shekhar Sharma and demanding ransom. In March this year, Sonia, Vice President of Communication and Public Relations Department of Paytm, got bail from Allahabad High Court. In this case, Sonia remained in jail for about 5 months. Let us know that on 22 October 2018, Sonia Dhawan’s Paytm Arrested on the complaint of Ajay Shekhar Sharma, Senior Vice President and brother of Vijay Shekhar Sharma. She was accused of stealing data along with her husband Roopak Jain and other employees of Paytm and in return demanded a ransom of Rs 20 crore from Ajay Sharma. Sonia was previously the secretary of Vijay Shekhar.

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