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SoftBank pumps Rs 9,000 cr in Paytm to help launch payments bank operation

The funding will help Paytm expand fast its soon-to-be launched payments bank operations

Press Trust of India 

Japanese conglomerate SoftBank has pumped in $1.4 billion (over Rs 9,079 crore) in Indian digital payments platform, Paytm, marking the largest fund infusion by a single investor in an Indian start-up. This is 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 $8 billion. 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 ...

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First Published: Fri, May 19 2017. 08:01 IST
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