Paytm is looking at raising another round of funding of $1 billion. To this regard, Paytm is in discussion with multiple investors which includes former UK Prime Minister David Cameron.

Paytm plans to utilise the funds to expand the merchant offerings across India and to equip them with technology and various other services. As per industry sources, the discussions are on and might take a few weeks to get finalised.

Recently, Paytm had announced a $1 billion fund raise led by US-based asset management firm T Rowe Price.