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Industry Update

Softbank Vision Fund has invested an additional $200 million in Indian digital payments company Paytm, the company has said. Softbank Vision Fund’s investment is part of a $1 billion raised by Paytm in its latest round of fund raising, valuing the Indian start-up at $16 billion. US asset manager T Rowe Price, and other existing investors such as Ant Financial and Discovery Capial, are the other funds which have participated in the latest round of fund raising by Paytm. This is the largest amount raised by an Indian startup this year.

Source: www.arabianbusiness.com/banking-finance/434167-softbanks-vision-fund-pumps-in-additional-200-million-in-paytm