Berkshire Hathaway an Indian-based digital payment initiative and online financial services firm turned out to be ready to invest in Paytm Warren Buffet's company which is best known as the world's best investors.
The investment is being made by Paytm's roofing company, One97 Communications, Inc.
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According to a news story leaked by a newspaper in India, Warren Buffet's team plans to invest $ 285 million a is expected to be done. One97 Communications should not underestimate that it is not just Paytm but different digital services.
Earlier investors of Paytm include Alibaba and SoftBank
Paytm's previous investors are also very important. As may be recalled, Alibaba invested $ 177 million in Paytm in 2017. Alibaba's financial firm Ant Financial is also one of the investors of One97. Meanwhile, SoftBank in Japan is one of the major investors of Paytm. Now, the US-based Berkshire Hathaway has agreed to invest in a significant investment.
At the negotiating negotiations here, Warren Buffet's investment company One97 with 3 percent and 4 percent will have bought a feeling between. With the investment from Buffet, which will raise $ 285 million to $ 356 million, the company's appraisal will exceed $ 10 billion . Although the full figures are not yet available, it is expected that all details of the investment will be shared and announced to the public in the coming days.
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