Paytm is all Set to Become a $10 Billion Startup
Paytm will be A $10 Billion startup after an upcoming secondary share sell!
India born digital wallet and payments bank Paytm is all set to be valued at $10 billion, thereby becoming India’s second highest valued startup after Flipkart.
Founded by ace entrepreneur Vijay Shekhar Sharma. It is speculated that some current and former employees and investors of Paytm will soon sell their equity under secondary share sell. This selling will drive up the current valuation of Paytm to $10 billion.
In May 2017, when SoftBank injected $1.4 billion as venture capital Paytm’s valuation stood at $7 billion.