Paytm raises $1.1 billion from anchor investors in India’s blockbuster IPO

Paytm raises $1.1 billion from anchor investors in India’s blockbuster IPO

3 years ago
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https://techcrunch.com/2021/11/03/paytm-raises-1-1-billion-from-anchor-investors-in-indias-blockbuster-ipo/

Paytm has raised $1.104 billion in India’s largest ever anchor round as part of its initial public offering, which is also shaping to be the nation’s largest, as the poster child of the Indian startup ecosystem moves closer to listing in the public markets.

Blackrock, GIC, Canada Pension Plan Investment Board, Birla MF are among the investors who financed the anchor round, which was oversubscribed by 10 times, Paytm said in a filing with local exchange.