Last year, Paytm raised fresh funds from SoftBank's Vision Fund, Alibaba's Ant Financial, Discovery Capital, and new investors including T. Rowe Price Associates, pegging its valuation at $16 billion. Ant Financial had planned to invest around $575 million into One97 back in February 2015 for a 25% stake. But it only provided $200 million in the first tranche with the remaining $375 million subsequently picked up by the Alibaba Group through a $680 million investment in the domestic payments company. At the time, both Ant and Alibaba had a 20% stake, each in Paytm. At a $16 billion valuation, Ant's stake in One97 is worth around $4.8 billion, Reuters said.