Digital payment startup Paytm has raised fresh funding of Rs 4,724.42 crore. Paytm has raised this funding from investors such as Alibaba's Alipay and SoftBank's SVF partner (Cayman) and Tea Row Price. A filing has revealed this information. According to news agency Reuters, the board of One97 Communications Ltd, which operates Paytm, will be allocated approximately 2.6 million shares to investors.

Significantly, the Noida-based digital payment company recently announced a billion dollar funding from SoftBank Vision Fund (SVF), Ant Financial, T Rowe Price and others. The company was then valued at $ 16 billion. In this funding round in November last year, Chinese company Alibaba's subsidiary Ant Financial invested $ 400 million and SoftBank invested $ 200 million. This is the largest funding round raised by an Indian startup this year. In less than a month, now Paytm has raised new funding.

As per the documents, Alipay has invested about Rs 1,433 crore in this digital payment company, SoftBank 1,430 crore and Tea Row Price Rs 1,100 crore in the latest funding. Apart from these, Saudi Arabia-based Samba Financial Group, Seoul-based Hana Investment Company and other investors have raised the rest of the fund. Paytm is planning to invest about 1.4 billion dollars in the next three years to expand its financial services. Paytm has said that it will invest 1.4 billion dollars (Rs 10,000 crore) in three years to reach financial inclusion to more people across the country.

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