Paytm, an Indian technology company specializing in digital payments and e-commerce, recently raised $1.104B in India’s largest-ever anchor round as part of its IPO. Investors included Blackrock, GIC, Canada Pension Plan Investment Board, and Birla MF. The bidding for shares was oversubscribed by an estimated 10 times. The startup is seeking a $19B valuation in its IPO.
Paytm Raises $1.1billion from anchor investors in India’s Blockbuster IPO
