Paytm raises $300 million at $4.8 billion valuation
Online payment and mobile commerce firm Paytm on Tuesday raised $300 million from a group of investors led by Taiwanese semiconductor maker MediaTek. The investment will see the valuation of the Noida-based company more than double to over $4.8 billion. Existing investors including Alibaba, its payments affiliate Alipay and SAIF Partners also participated in the round. 