Paytm raises $1.4 billion from SoftBank

New Delhi: Paytm, run by One97 Communications Ltd, said it has raised $1.4 billion from SoftBank Group Corp. in one of the largest funding rounds by a single investor, making the payments firm the biggest investment for the Japanese conglomerate in the Indian start-up ecosystem.

SoftBank, which has not seen too many successful investments in its India portfolio, is now banking on Paytm’s payments business to replicate Alipay’s (Alibaba Group’s financial business) success in China.

read more- live mint

Be the first to comment

Leave a Reply