Eight months after reports of the round first surfaced, Paytm has raised $1bn in series G funding at a $16bn valuation from investors including Ant Financial and SoftBank.

India-based mobile payment platform Paytm received $1bn today in a series G round featuring telecommunications conglomerate SoftBank’s Vision Fund and Ant Financial, the financial services affiliate of e-commerce firm Alibaba, TechCrunch reported. Asset management firm T. Rowe Price led the round, which included venture capital firm Discovery Capital and which valued Paytm at $16bn. Ant…

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