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Japans SoftBank Invests Rs 9,000 Crore in Paytm

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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