$50 Mn Secondary Share Sale Of Paytm To Take Place In The Coming Weeks

$50 Mn Secondary Share Sale Of Paytm To Take Place In The Coming Weeks

SUMMARY

With This, Paytm’s Valuation Is Expected To Soar To $10 Bn, Making It The Most Valuable Indian Unicorn After Flipkart

Some former and existing employees of Paytm will reportedly be selling shares worth over $50 Mn to new investors, including Discovery Capital. The development comes just a day after sources revealed that the secondary share sale will catapult Paytm’s valuation to $10 Bn, making it the most valuable Internet startup in India, after $12.6 Bn ecommerce giant Flipkart.

As per fresh reports, the share sale is expected to take place over the next few weeks.

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