SoftBank puts all its eggs in the fintech basket

It was SoftBank Group that came to Sharma's aid when the company faced a peculiar perception problem

When last year SoftBank Group's Masayoshi Son met Vijay Shekhar Sharma, the founder of One97 Communications run Paytm, to talk about the amount to be invested in the wallet major, the discussion was a little unusual. While in most cases it is the company founders trying to convince investors to shell out more capital, here according to sources close to the firm, it was Son asking Sharma to take more funds than the $1.8 billion Paytm needed for expansion.

This is the level of confidence Son, the man who over the years strategically invested in few of the