Softbank invests $1.4 billion in Paytm

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After suffering a $350-million loss on its investments in Indian startups Snapdeal and Ola, Softbank, Japan’s telecom and internet giant, remains undeterred. Last week, the company announced it has invested $1.4 billion in Paytm, India’s leading digital payments and commerce company. The funding round values Paytm at $9 billion. The investment was made through Paytm’s parent company One97 Communications. According to analysts, the investment will reinforce Softbank’s status as a lead investor in India’s robust ecommerce ecosystem. For Paytm, the funding will help the company expand its user base by providing consumers with digital access to a wider array of financial services.

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