Paytm raises $1bn, co now valued at $16bn

Paytm has raised $1 billion in a new financing round, led by US-based asset management firm T Rowe Price, cementing its position as the most valued startup in India at $16 billion. T Rowe Price, along with Discovery Capital and D1 Capital, has put about $400 million (Rs 2,871 crore) in the Noida-based company.

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