Digital payments platform Paytm is planning to raise USD 1 billion through another round of funding and is in talks with different investors, which also includes former UK Prime Minister David Cameron, as per the sources.
The company is in discussion with the investors and will soon finalize the deal, the sources added.
The company is planning to use the funds to expand its merchant offerings across the country to enhance their experience by providing them new technology and other new services.
Earlier this week, the company had raised USD 1 billion through a funding round led by US-based asset management firm T Rowe Price. Alibaba, Softbank and Discovery Capital who are the company’s existing investors also participated in this round of funding.