India: Paytm may raise up to $1.5b from SoftBank at $7-9b valuation

Fintech start-up Paytm, run by One97 Communications Ltd, is in talks with Japan’s SoftBank Group Corp. to raise $1.2-1.5 billion in cash in a deal that could raise Paytm’s valuation to $7-9 billion, according to three people familiar with the matter.