https://techcrunch.com/2021/10/27/paytm-seeks-20-billion-valuation-in-indias-biggest-ipo/

Paytm, one of India’s most valuable startups, is seeking to raise as much as $2.4 billion in what is shaping to be the biggest initial public offering in the country at a valuation of $20 billion, according to two people familiar with the matter and internal documents seen by TechCrunch.

Paytm filed the paperworks for an IPO with the local regulator in July this year. The startup, which has raised over $3 billion over the past decade and was last valued at $16 billion, said at the time that it was looking to raise about $2.2 billion. In an updated filing this week, Paytm said it is seeking to raise $2.4 billion.