Berkshire Hathaway invests in Indian mobile payments provider Paytm

Berkshire Hathaway confirms investment in Paytm parent One97 Communications — Economic Times — “Berkshire Hathaway has confirmed that it has made an investment in Paytm parent One97 Communications… ET had reported that Berkshire Hathaway is in talks to invest about Rs2,000-2,500 crore (US$285m-US$356m) in One97 Communications, that could value the company at $10bn. One97 Communications already counts China’s Alibaba Group Holdings and Japan’s Softbank among its major investors.”


Paytm raises $1.4 billion from SoftBank to expand user base

Paytm raises $1.4 billion from SoftBank to expand user base — Bloomberg — “The funding into One97 Communications, which operates the Paytm brand, will help the startup expand its user base of 220 million and build a large offering of financial services products… Alibaba and its payments affiliate Ant Financial held a 40 percent stake in One97 before this investment.”





Alibaba to buy Paytm?

Alibaba is in advanced talks to buy an approximately US$500 million stake in One97 Communications, the parent company of Indian mobile payment platform Paytm... More


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