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Warren Buffett to Invest in Indian Payment Startup Paytm

By
Juro Osawa
· · Source: Mint

Warren Buffett’s Berkshire Hathaway plans to invest in India’s largest digital payment service Paytm, Indian news site Mint reported. Mr. Buffet plans to buy 3% to 4% of Paytm owner One97 Communications, valuing the startup at more than $10 billion, according to a later report by Bloomberg.  Paytm, which has a growing ecommerce arm in addition to its payment business, is already backed by...

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