FinTech

Warren Buffet to Take a Bite out of India’s PayTM

Berkshire Hathaway, billionaire Warren Buffett’s the conglomerate, is said to pick up a 3-4% stake in Paytm’s parent through a primary subscription of shares. Berkshire’s investment which values Paytm at more than $10 billion, could be finalized in the coming weeks. Japan’s SoftBank and China’s Alibaba Group are among the major backers of Paytm and if this investment goes through, it will be the billionaire’s first major investment in India.

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