Japans SoftBank Invests Rs 9,000 Crore in Paytm
- by B2B Desk 2017-05-19 07:12:27
Japan's SoftBank has pumped in USD 1.4 billion (over Rs 9,079 crore) in digital payments platform Paytm. This is the largest fund infusion by a single investor in an Indian start-up and also Softbank's largest investment in a single company in India.
While both the companies have declined to comment on the valuation, market watchers say that the deal values Paytm at about USD 8 billion, PTI reported. The funding will help Paytm expand fast its soon-to-be launched payments bank operations as well as grow its user base and introduce more financial products for consumers.
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