How Paytm is an investor's darling

India's top unicorns may be plagued by perceptions of inflated valuations, but not Paytm. The company has raised USD 60 million from a fund owned by Chinese chip-set maker Mediatek as part of its yet-to-conclude USD 300-million fundraising round -- and that pegs Paytm's valuation at USD 4.8 billion. CNBC-TV18's Adith Charlie and Arvind Sukumar report that the company says it will now go slow on its profitability targets.

Electronic payment platform Paytm has been setting a bruising pace -- one that has seen its valuations jump from USD 2.8 billion just 12 months ago, to USD 4.8 billion dollars. And that's even before its latest round of fundraising is complete. Having roped in USD 60 million so far, the company is in talks with Goldman Sachs, Alibaba, Saif Partners and others to raise the balance USD 240 million.