SINGAPORE, Mar 10: Start-up investment firm K2 Global, backed by Indian and Asian billionaires, is looking to increase its stake in online mobile application Paytm which has a strong growth market strategy in India.
“We are looking to invest more in Paytm,” said Singapore-based investor Ozi Amanant, who leads K2 Global backed by Indian and Asian billionaires, institutional investors and family wealth management offices.
K2 Global, which has built up stakes in Paytm over in about two years, is raising another round of 284 million Singapore dollars, following on to the recently closed 257 million Singapore dollars.
“We have a target to raise 1 billion Singapore dollars in the next two years for investments,” Amanat said.
K2 Global has pledged 500 million Singapore dollars more for co-investments in technology startups in which it is already holding stakes.
Amanat who monitors high yield start-ups across Asia and Silicon Valley in the US said K2 Global has grown its connectivity with several partners including Minal Hasan in Silicon Valley, Chris Eu in Singapore and others in Indonesia, Hong Kong, India and Japan. (AGENCIES)
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