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


Paytm has raised $1.1 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, according to a person familiar with the matter.
With Wednesday’s investment, Paytm has now secured nearly half of the $2.45 billion capital it is looking to raise from the IPO. The startup, which offers a range of financial services, is …

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