Paytm seeks $ 2.2 billion IPO in India

In leading global payments news, Paytm is reportedly looking for a $ 2.2 billion initial public offering (IPO) in India at a valuation of $ 25 billion, while the Special Purpose Acquisition Companies (SPAC) are looking to the end of Southeast Asia. startups on stage. Additionally, FedEx Express India and Delhivery have entered into agreements that will leverage their combined strengths.

Paytm targets $ 2.2 billion IPO in India at a valuation of $ 25 billion

Electronic payments firm Paytm is reportedly targeting a $ 2.2 billion IPO in India at a valuation of $ 25 billion. The online payment market is booming in India, with Paytm competing with WhatsApp Pay and Google Pay. “Businesses in the digital space have good growth potential due to the increasing number of Internet users and wide access among young people,” Ajit Mishra, vice president of research at Religare Broking in Noida.

PSPCs look at Southeast Asian startups

PSPC is eyeing new arrivals from Southeast Asia. More than 40 PSPCs, also known as blank check companies, have targeted the area, Vinnie Laura, managing partner of Golden Gate Ventures, told a CNBC program. “PSPC has really put ASEAN on the map,” Lauria said. A SPAC is a shell company created to provide funds through an IPO. Its sole purpose is to partner with another company, or buy another company, to go public.

FedEx Express India and Delhivery Reach Agreements to “Unlock India’s International Trade Potential”

FedEx Express India and Delhivery have signed agreements that will use their combined strengths to “unleash India’s international trade potential,” according to an announcement. “This strategic alliance will support our long-term vision to grow our business in India and serve clients looking to expand or enter the Indian market, as well as provide opportunities to develop products and technology solutions with Delhivery for the benefit of our customers, ”said Raj Subramaniam, President and COO of FedEx Corp.