Digital payments giant 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. The Noida-headquartered firm — backed by Alibaba (which, alongside Ant Financial, owns 36% of Paytm), Berkshire Hathaway, and SoftBank (owns about 18% stake) among others — said (PDF) it will issue new shares worth $1.1 billion and offer sale worth of $1.1 billion. Paytm, which was until recently the most valuable startup in India, has said…
