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Indian startup Paytm to close $2 billion in new funding: report

“Indian digital payment company Paytm is said to be nearing a deal to secure $2 billion in new funding from investors including Alibaba affiliate Ant Financial and Japanese conglomerate SoftBank Group, according to Bloomberg” reports The new funding could value Paytm at around $16 billion, surpassing that of Southeast Asian tech super unicorns Grab and Gojek.The country’s digital payments market is expected to worth around $1 trillion in 2023.

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