Paytm valued at $10 billion as staff sell shares worth $50 million

Paytm is now valued at $10 billion making it the second most valuable Indian internet firm after Flipkart. The company’s latest valuation comes after 200 employees of the Noida-based firm sold shares from the employee stock ownership plan (ESOP), scooping up $50 million. Last year, Paytm had racked up $1.4 billion in its previous financing round led by SoftBank and was then valued at $7 billion.

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Paytm is now valued at $10 billion making it the second most valuable Indian internet firm after Flipkart. The company’s latest valuation comes after 200 employees of the Noida-based firm sold shares from the employee stock ownership plan (ESOP), scooping up $50 million. Last year, Paytm had racked up $1.4 billion in its previous financing round led by SoftBank and was then valued at $7 billion.