Investors include Alipay, SoftBank’s SVF Panther and others.
2.6mn shares are being allocated according to the deal.
The company received $1bn funding last month.
The FinTech has been gathering funds to increase merchant expansion efforts. It will also focus on lending, insurance and banking capabilities and expand reach across India.
The new capital will be used to expand engineering and product teams and launch new solutions
The fund targets early-stage fintech startups in India and gaming startups in the U.S
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