MUMBAI: SoftBank has offloaded an extra 2% stake in Paytm, decreasing its shareholding within the Noida-based fintech agency to five.06%, the corporate stated in a current inventory alternate submitting. SoftBank – which has invested over $1 billion into Paytm – was certainly one of its largest shareholders, and held about 18% stake within the agency on the time of its IPO in 2021.
The Japanese funding large, which has backed a clutch of Indian unicorns like Ola Electrical, Oyo and Swiggy, has been paring its stake in native startups. Not too long ago, it absolutely exited PB Fintech, which runs PolicyBazaar and Zomato.
The Japanese funding large, which has backed a clutch of Indian unicorns like Ola Electrical, Oyo and Swiggy, has been paring its stake in native startups. Not too long ago, it absolutely exited PB Fintech, which runs PolicyBazaar and Zomato.
