Paytm to raise $300 mn at $5 bn valuation: Report 
Digital payments and m-commerce platform Paytm is reportedly raising $300 million in a funding round which will more than double its valuation to $5 billion. Led by Taiwan’s MediaTek, the round will also see participation from Paytm's existing investors including Alibaba and SAIF Partners. Paytm is set to launch its first payments bank in the next few months.