Paytm may raise $1.5 billion from SoftBank, buy FreeCharge
Vijay Shekhar Sharma-led digital wallet, Paytm, is reportedly in talks with Snapdeal's largest investor SoftBank to raise up to $1.5 billion funding at a valuation of $7-9 billion. The fund infusion, one of the largest investments by a single investor in an Indian startup, would make SoftBank one of Paytm's largest shareholders. Paytm may also buy Snapdeal-owned recharge platform FreeCharge.