Paytm Mall in talks to raise $600 million from SoftBank and others

SoftBank Group and Alibaba-backed Paytm Mall is in the final stages to close a $600 million round at a valuation of over $2 billion, sources said. This round might see the entry of yet another major fence-hitter, Primavera Capital Group, a China-based investment firm focusing on private equity and special situations opportunities.
 
According to sources, Paytm Mall is in talks with SoftBank, Singapore state investment arm Temasek Holdings and Primavera. As the initial tranche of funding to start Paytm Mall came from an internal based on funding of $200 million from Alibaba, Ant Financial and SAIF Partners, the valuation