Digital payments major Paytm is looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron, according to sources.

Vijay Shekhar Sharma, Founder of PaytmPaytm declined to comment, while a response from Cameron could not be elicited immediately.

Interestingly, Paytm founder and Chief Executive Officer Vijay Shekhar Sharma tweeted a photograph of himself and Cameron on Thursday.

Reports earlier this year stated that Paytm, which is facing mounting losses, was looking at raising up to $2 billion in funding.

Its standalone revenue rose marginally to Rs 3,319 crore in FY19, from Rs 3,229 crore in 2017-18, as per reports. | To read full story, visit https://startuparound.com/read/1574958606.020562/Paytm-in-talks-to-raise-another-$1B-funding:-sources?ref=audio_experience