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Online mutual funds platform Paytm Money has raised Rs 28.87 crore from parent One97 Communications Pvt Ltd, in exchange for 2.8 crore equity shares of Rs 10 each.
Vijay Shekhar Sharma, ranked 1,394th on the list with a fortune of $1.7 billion, is the only Indian billionaire in the under-40 league.
Reliance Jio has been given 17th rank, while Vijay Shekhar Sharma led Paytm has got the 31st position in the table.
Paytm, which is a popular mobile wallet company has recently faced some problem regarding customer data and privacy.
With the latest partnership announced with mobile payments and commerce platform Paytm, Kishore Biyani is making an effort to go online without taking on the risks and huge costs associated with the e-tail business.
His Journey is inspirational to every Indian Entrepreneur.
The ongoing e-commerce war spilled over to Twitter on Friday, when Sachin Bansal, co-founder of India's largest online retailer Flipkart, made a direct jibe at competitors - Snapdeal and Paytm.