Paytm, the country's top financial technology entity, has raised USD 1 billion (Rs 7,200 crore), at a valuation of US$ 16 billion, from existing shareholders Ant Financial, Softbank Vision Fund among others. Over the next three years, Paytm plans to invest an amount of Rs 10,000 crore (US$ 1.43 billion) in order to expand its services in tier-III cities and smaller towns.

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