Sources: Indian payments company Paytm is seeking to raise up to $3B in its forthcoming IPO, targeting a valuation of $29B; the company was last valued at $16B (Stephanie Findlay/Financial Times)

Stephanie Findlay / Financial Times:
Sources: Indian payments company Paytm is seeking to raise up to $3B in its forthcoming IPO, targeting a valuation of $29B; the company was last valued at $16B  —  Proposed share sale comes as company faces fierce competition from western rivals  —  Indian payments group Paytm has called …