Announced
SoftBank and T. Rowe led a $1bn investment round in PayTM.
Synopsis
SoftBank and T. Rowe led a $1bn investment round in PayTM, an Indian digital payments company. The investment values the parent company, One97 Communications, at $16bn. The company will expand into insurance, lending and investments and invest $1.4bn over the next three years to include more users in the country.
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