Paytm looking to raise $400 Mn from Swiss Investor UBS Group
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As Paytm looks to take on other payment giants and solidify its diversified financial services platform, Swiss multinational investment bank UBS Group AG is in reportedly close to investing $400 Mn in the fintech giant. Paytm, which is valued at $16 Bn after its last funding round in 2019 led by TP Rowe, has Softbank, Alibaba’s Ant Group and other institutional investors on its cap table, but the new round could see employees sell their stake.