, Paytm became the first Indian company to receive Alibaba’s funding after it raised over $625 million at a valuation of $1.5 billion with the Alibaba Group being the biggest stakeholder in the parent company One97 Communications.[3] In August 2016, Paytm received an investment from Mountain Capital, one of Taiwan-based MediaTek’s investment funds at a valuation of over $5 billion.
Paytm has invested $5 million in auto rickshaw aggregator and hyperlocal delivery firm Jugnoo.[4] It has also acquired Delhi-based consumer behavior prediction platform Shifu for $8 million[5] and local services startup Near.in for $2 million.[6] Paytm has also spent over INR 200 crores to become the title sponsor of the Indian Cricket team.