SoftBank Vision Fund has agreed to participate in a $1bn funding round for Paytm, but has stipulated the payment processing platform seek an IPO within five years.
India-based fintech developer Paytm has agreed to the terms for a contribution from telecommunications conglomerate SoftBank’s Vision Fund to a $1bn funding round, the Economic Times reported yesterday.
SoftBank Vision Fund expects the company to go public within five years of the investment and, should this goal not be met, will have the right to sell its shareholding to a third party.
Ant Financial, the financial services affiliate of e-commerce grioup Alibaba, is also thought to be mulling over an…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
