Valuation by Berkshire handsomely higher than SoftBank: Paytm
After confirming Berkshire Hathaway's investment in Paytm, CEO Vijay Shekhar Sharma revealed the valuation given by the Warren Buffett-led firm was "handsomely higher" than by Japan's SoftBank. Without disclosing the current valuation, Sharma said SoftBank valued Paytm at $7 billion. "Berkshire wanted to invest more, but we didn't want to dilute further, as we have sufficient capital," he added.