Alibaba-backed Paytm scores monstrous $1.4Bn from SoftBank, now valued over $8Bn

In a move that has been in the works for months, One97 Communications, the parent company of Paytm has today taken to its blog to announce that Japanese telecom giant SoftBank has invested a staggering $1.4 billion into its fledgling digital payments business.

This is being cited as the largest funding round scored by a digital startup from a single investor in India and confirms the insistent rumors that had been flooding the interwebs over the past few weeks. One97 Communications has been...

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