India’s Paytm raises US$1B at US$16B valuation – Bloomberg
Indian digital payments giant Paytm today announced new funding from existing shareholders such as SoftBank Group Corp.’s Vision Fund and new investors, Bloomberg reported.
The company did not disclose further details but a source stated that it raised US$1 billion in equity at a US$16 billion valuation.
The source also said that Paytm is in talks for another US$1 billion in debt.
Bloomberg reported last month that Paytm was close to raising US$2 billion, split between debt and equity.
OYO gets board’s approval to raise US$1.5B from SoftBank, RA Hospitality – Dealstreet Asia
Indian hospitality chain Oyo Hotels & Homes has received its board approval to raise US$1.5 billion in primary capital infusion from its largest investor SoftBank Vision Fund and RA Hospitality, Dealstreet Asia reported.
Expected to value the company at about US$10 billion, this development came a month after it stated that founder Ritesh Agarwal would invest US$700 million in the Series F funding round by subscribing to new shares of the company. It was also said that SoftBank, along with a few investors, would also inject money into the round.
Singapore’s Tookitaki raises US$1.7M led by Viola Fintech – e27
Tookitaki, a Singapore-based regulatory technology (regtech) company, today announced a US$1.7 million Series A funding round led by Viola Fintech and SIG.
They were joined by Nomura Holdings through its venture capital arm (Nomura Incubation Investment Limited Partnership) as well as existing investors including Illuminate Financial, Jungle Ventures, and Spring SEEDs Capital.
With this new investment, Tookitaki has extended its Series A funding round to US$19.2 million.
The company said that it plans to use the funding to enhance its product offerings, help around research and development, recruitment, and to drive Tookitaki’s global expansion to the US and Asia Pacific.
2C2P raises US$52M funding, focussing on expansion – e27
Thai payments platform startup 2C2P announces that it has raised US$52 million in new funding from IFC, Cento Ventures, and Arbor Ventures.
The company said that it will use the funding to accelerate the company’s growth by investing in new technologies to enhance its payments platform, hiring local talent, and consolidating market share in Southeast Asia with a goal to expand beyond the region over the next year.
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