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.
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