Paytm plans to launch India's biggest IPO, aims to raise $3 billion

Digital payments provider Paytm is all set to make its market debut as early as this year, with an aim to raise $3 billion (around Rs 22,000 crore). If successful, this could be the biggest initial public offering (IPO) by an Indian company, breaking Coal India’s 2010 record of Rs 15,475 crore.

According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan. 

Paytm -- backed by investors like SoftBank Group, Ant Group and Berkshire Hathaway -- is targeting a valuation of $25 billion to $30