SoftBank to invest $1.9 bn in Paytm, pick 20% stake: Reports
Japan's SoftBank Group is likely to put in $1.9 billion (â¹12,000 crore) into Paytm's parent company One 97 Communications, according to reports. The funding is likely to value Paytm at $9 billion and SoftBank will pick up 20% stake in the payments firm, the reports added. Earlier, reports had stated that SoftBank may invest up to $1.5 billion in Paytm.