Softbank Invests $1.4 Bn In Paytm At $7 Bn Valuation

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paytm raises 1.4 billion from softbank

The Japanese internet and telecom giant Softbank has led one of the largest investment rounds in Indian startup scene by investing $1.4 billion (approx Rs 9,000 Cr) in Paytm. With this round of investment Paytm is now estimated to be worth $7 billion. “In line with the Indian government’s vision...

Paytm Payments Bank To Start Operations From May 23

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paytm payments bank launch

India’s leading digital wallet player Paytm has announced that the Paytm Payments Bank is going to commence its operations from 23rd of this month. According to a newspaper advertisement by Paytm, the payments bank has received the final license from the RBI and the company will be transferring its wallet...