Today, Entrackr has specifically told that compared to $ 2 billion in the previous period, eBay is making a very low assessment of approximately $ 200 million $ 600-800 million in the Paytm Mall.
It was discovered that it was actually a part of the big fish, which is the PETI floor. According to the latest media reports, Paytm is accumulating an amount of up to $ 2 billion from its major current investors, which is leading the payments partner of Softbank Vision Fund and Ant Financial, Alibaba Group under Jack Ma, led by Masayoshi Son.
One97 Communications Ltd, the name of the unit of Petmey, is going to be between $ 16-18 billion for this double billion round.
Berkshire Hathaway had a value of $ 300 million and its price was $ 10 billion, and in a secondary round months the figure had increased to $ 16 billion.
According to the source of ET, the most likely scenario is internal funding, but it is likely that new investors will also contribute in the round.
EBay’s fund in PayTM Mall can be a part of Petty’s desire to push new investors ahead.
The round is also assessed for facilitating secondary sales operations where an investor buys shares from other investors.
Softbank already has a 19 percent stake in the company, and the highest concentrations of stocks are in the pocket of Ant Financial – 38 % accurate. With this funding, the share of the stake is set to increase. And when this happens, Softbank and Alibaba’s playing in the Indian digital payment market becomes very important.
The Vijay Shekhar Sharma led company raising double of the PhonePe’s expected figure, does make things seem difficult for PhonePe. Even with that, PhonePe however, claims to be doubling the volume every three months. Meanwhile, Google Pay’s use in the country is growing at a faster pace than any other application.
If not anything, all this, especially Paytm’s latest fund seeking, just makes the Payments battle all the more intense.
The company, led by Vijay Shekhar Sharma, doubled the number of calls on the phone, causing problems for the phone. However, PhonePe claims, however, doubling the volume every three months. Meanwhile, the use of Google Pay in the country is growing faster than any other app.
If nothing is there, then all this, especially the demand of the latest fund of Peti Mim, makes paying all the more intense fighting.Tags: Google Pay paytm