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1 September 2016

One97 confirms $60m MediaTek investment

The funding, provided through a MediaTek investment unit at a $4.8bn valuation, is set to form part of a $300m round expected to include Alibaba, Fosun and Foxconn.

Author: Robert Lavine, News Editor

Mountain Capital, an investment subsidiary of fabless semiconductor producer MediaTek, has invested $60m in India-based financial services platform Paytm, Paytm founder and CEO Vijay Sharma confirmed to TechCrunch yesterday.