Paytm files for an IPO in India, looking to raise $2.2B, says it will issue new shares worth $1.1B (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Paytm files for an IPO in India, looking to raise $2.2B, says it will issue new shares worth $1.1B  —  Paytm, one of India's most valuable startups, plans to raise up to $2.2 billion in an initial public offering, it said in draft papers submitted to the country's market regulator on Friday.