Discovery Capital, an existing shareholder in the Noida-headquartered firm, also took part in the latest funding round.“It’s a $1 billion raise led by T Rowe Price,” said Vijay Shekhar Sharma , CEO of One97 Communications , Paytm’s parent.

“SoftBank has pumped in $200 million while Ant Financial has invested $400 million at a $16 billion valuation.”This takes the total investment raised by the company to about $3.5 billion.

Over the course of the next three years, Paytm will invest Rs 10,000 crore to acquire customers and merchants in smaller towns, and online merchants.

Its standalone revenue rose marginally to Rs 3,319 crore from Rs 3,229 crore in FY18.

Phone-Pe’s losses amounted to Rs 1,904.72 crore with revenue from operations at Rs 184 crore while Amazon Pay reported a loss of Rs 1,160.8 crore for FY19. | To read full story, visit https://startuparound.com/read/1574650806.9802048/Paytm-gets-$1-billion-topup-in-latest-financing-round?ref=audio_experience