SoftBank said to invest $1.4 bn in Paytm at $7 bn valuation
Japan's SoftBank is in talks to invest $1.4 billion in digital wallet startup Paytm's parent company One97 Communications, that would value Paytm at $7 billion, according to a Bloomberg report. Paytm also had discussions with two other investors for funding, the report added. Earlier, reports had suggested that SoftBank will be picking up a 20% stake in Paytm.