Paytm Founder raises ₹325 crore by selling 1% stake
Digital wallet Paytm's Co-founder and CEO Vijay Shekhar Sharma has raised ₹325 crore by selling 1% of his stake in Paytm's parent company One97 Communications. The money will be used to fund Paytm's Payments Bank scheduled to launch early next year. Earlier this month, Sharma announced to split Paytm's e-commerce and digital wallet business.