Around the Net

Softbank Looks at Backing Mobile Commerce Company

Soft-Bank Corp is in advanced funding talks with Indian mobile commerce company Paytm and cab rental startup Olacabs, even as the Japanese firm is widely expected to announce a $650-million investment in ecommerce major Snapdeal during Chief Executive Masayoshi Son's visit to the country next week. People aware of the discussions told ET that SoftBank has offered to invest up to $300 million in Paytm for a significant minority stake. 

Read the whole story at Economic Times »

Next story loading loading..

Discover Our Publications