Digital Payment Company Paytm has recently raised a total fund worth $1 billion in a financing round led by American investors T. Rowe Price and existing investors Ant Financing and SoftBank Vision Funds have also participated. Discovery Capital, a Noida based investment firm also participated in the latest rounds of funding. It is the largest amount of fund raised by any Indian company this year. Paytm values the total investment to be around $16 billion.

U.S asset manager T Rowe Price invested a total value of $1 billion while SoftBank has pumped in $200 million and Ant Financial has invested a total of $400 million. This takes the total investment raised by the company to around $3.5 billion at a valuation of $16 billion.

Previously, Paytm had raised $300 million from Warren Buffet's Berkshire Hathaway back in September 2018. This is the first primary invested done by Paytm since the last Warren Buffet investments. CEO of One 97 Communications, Vijay Shekhar Sharma, Paytm's parent partner said "It's a $1 billion raise led by T Rowe Price. SoftBank has pumped in $200 million while Ant Financial has invested $400 million at a $16 billion valuation."He further added: "This new investment by our current and new investors is a reaffirmation of our commitment to serve Indians with new age financial services," Over the course of the next three years, Paytm will invest Rs 10,000 Crore to acquire customers and merchants in smaller towns, and online merchants. "The primary intention is to become more inclusion centric and provide financial services for the under served and unserved byleveraging technology as a distribution platform," According to initial Economic Times report.

Certain businesses within Paytm including payments and ticketing are undergoing a sharp decline and the company is looking forward to invest in newer business lines such as insurance and financial services. SoftBank owns 19 percent stake in the company while Ant Financial directly owns 38 percent stakes in Paytm.