Ratan Tata joins Paytm as advisor, picks up minority stake

Paytm, in which China's Alibaba has also invested, plans to build about 100 mn wallets by this year

In a major show of trust, Ratan Tata, chairman emeritus of Tata Sons, the holding company of the $100-bn software-to-steel giant Tata group, has joined Paytm as an advisor. He has also made a “minor” investment in the Noida-based company.    Prior to this, Ratan Tata joined Kalaari as advisor signaling his keen interest in e-commerce in India.  Earlier, Business Standard  had reported that Ratan Tata was considering new investment in Indian e commerce companies, including new and his existing ventures. So far Tata has already invested in ...